Bitcoin continues to plummet, suffering losses of more than 15% over the past 24 hours. Today we even saw it fall below $4,400. The last time we saw it around this level was at the start of October of last year. This day last year Bitcoin was already around $8,000.
Bitcoin Cash is the biggest loser today out of the top 20 cryptocurrencies as it suffered losses of more than 38% falling to around $200. This day last year it was around $1,200. On November 18th cryptocurrency exchange Kraken launched Bitcoin Cash SV trading, bit warned its customers that Bitcoin SV does NOT meet Kraken’s usual listing requirements.
It said, Bitcoin SV should be seen as an extremely high risk investment. There are many red flags that traders should be aware including, No known wallets supporting replay protection, No support in major block explorers and miners apparently subsidized or operating at a loss.
Please remember this is news, not investment advice.
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