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The selloff in the virtual business market lasted until Thursday, with the digital currency n. 1 in the running for the fourth consecutive loss and a new annual minimum.
A single bitcoin
BTCUSD, -3.58%
it was the last change of hands at $ 5.482.69, down 2.6% from Wednesday at 5.00pm. Eastern Time on the exchange of cryptocurrency Kraken. At the start of the session, the bitcoin hit $ 5,408.08, the lowest level in more than a year.
In the last 24 hours the total value of all cryptocurrencies has lost over $ 30 billion to a minimum of one year of $ 181 billion, according to CoinMarketCap data.
As investors take stock of yesterday's crash, a number of experts are blaming Bitcoin Cash's hard for outstanding broad-based selloff fork. "Price volatility is not unusual in the cryptic landscape, however, [Wednesday’s] the dive is significant enough to push industry players to stop and take stock of the reasons why, "wrote Donald Bullers, a North American representative for Elastos, a blockchain-based data security service.
"It is safe to say that Bitcoin Cash's imminent difficult fork has given rise to uncertainty among cryptic investors and that meteorologists from all cryptic and traditional markets have predicted a prolonged bear market in 2019".
Echoing these feelings was Brian Kelly, founder of BKCM Funds, who told CNBC last Wednesday that the disagreement around the rigid gallows was similar to a civil war crypt.
To read: What you need to know about Bitcoin Cash's "hard fork"
What are altcoin and futures doing?
The group of about 2,000 different coins from the bitcoin, known as altcoin, is mostly lower again on Thursday. Ether,
ETHUSD, -2.70%
it was out of 1.7% to $ 173.00, Litecoin
LTCUSD, -1.09%
had lost 1.2% to $ 41.53, XRP,
XRPUSD, -2.22%
it was down 0.9% to 44 cents and Bitcoin Cash
BCHUSD, -2.21%
it was the single most important highlight of the green, trading 0.2% to $ 425.20.
In the futures trading, the Cboe Global Markets contract in December
XBTZ8, -2.76%
is now the most active, trading at $ 5.370, down 1.1% while the CME Group's November contract
BTCX8, -0.93%
it remained unchanged at $ 5.365.
To read: Bitcoin futures decrease by 13%, triggering the trading limit
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