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Bitcoin Forum > Alternate cryptocurrencies > Speculation (Altcoins) > Chart of the Day | Bitcoin Cash Crashing
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valerie_zurich (OP)
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October 03, 2017, 05:44:57 PM
 #1
Bitcoin Cash has crashed bellow $400 though today's trading session. With BCH/USD markets experiencing a price fall greater than 5% in the past 24 hours, many traders seem to be fleeing the currency.



Chart source:
https://cryptocoincharts.info/pair/bch/usd/bitfinex/today
https://cryptocoincharts.info/
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psy0
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October 03, 2017, 05:52:45 PM
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Well its the same with almost every other altcoin, especially major ones.
Could you share where you think the bull run for btc will slow down?
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October 03, 2017, 06:10:30 PM
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It's because both XAPO and Bitstamp have at last distributed bitcoincash to people who held bitcoin with them on August 1st.

That means there is a new supply hitting the market as people withdraw their bitcoincash and sell. Expect the same thing to happen in January when Coinbase distributes bitcoincash to their members.
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October 03, 2017, 06:14:20 PM
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i think its normal, due the bitcoin price rising, other altcoin like ethereum, bitcoin cash etc. will be crashing for some momenth.
for now im still holding arround 20eth, and waiting price back to $400 maybe $500
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