Bitcoin, which is the world’s first and most popular crypto-currency, started another strong rally a few days after it was split into 2 versions. According to Coindesk, the classic version of Bitcoin exceeded the $3300 threshold and set another all-time high at $3319. The thing is that the market capitalization of Bitcoin has been growing continuously ever since the mentioned split.
For those of you who don’t know, on August 1st, there emerged 2 Bitcoin currencies – Bitcoin and Bitcoin Cash. At the same time, NordFX experts report that the rally has been suspended for now but it still too early to call it an end.
At the same time, experts say that the difference in dynamics between Bitcoin and Bitcoin Cash indicates the difference in how they are perceived by the international community and the market. While the classic version of Bitcoin is going up in value, Bitcoin Cash is depreciating. On August 2nd, it was $800 but then crashed all the way down to $227 a couple of days later. The market capitalization of Bitcoin Cash is now roughly equal to 3,7 billion dollars while the one of Bitcoin is 53,7 billion dollars.
