Bitcoin Cash hits record lows compared to Bitcoin days before the hard fork

Altcoin traders continue to feel the pain as Bitcoin (BTC) gains, with Bitcoin Cash (BCH) reaching new all-time lows.

Data from Cointelegraph Markets and other sources show that BCH is worth less in terms of BTC than ever since 10 November.

Bitcoin Cash falls to new BTC lows

At press time, BCH / BTC was trading at 0.017 BTC, comfortably beating its previous record low of 0.0245 BTC seen in December 2018.

Bitcoin’s hard fork has seen little attention this year, as investors have focused on Bitcoin and then the phenomenon of decentralized finance (DeFi). The announcement of another Bitcoin Cash network hard fork, set for Nov.15, did little to support the coin’s outlook, the data show.

In USD terms, Bitcoin Cash has spent the past three months floating in a corridor between $ 230 and $ 280, while Bitcoin itself has risen by a third in value.

Unsurprisingly, Bitcoin backers have had a weak view of the impending hard fork, something that has sparked a familiar brawl between companies choosing to support or reject the resulting new coins.

“Hopefully this election drama will be resolved before the next scheduled shitcoin drama: T minus 10 days to the next bcash rift!” Co-founder of CasaHODL Jameson Lopp summarized on Twitter last week when the hard fork was confirmed.

Litecoin sees its lowest weekly close ever

For Litecoin (LTC), the price data shows a similar story. LTC / USD traded at 0.0038 BTC on November 10, ever closer to its existing low of 0.003 BTC since March 2017.

On the weekly chart, the pair printed its lowest close in history this month.

Noting the lack of performance from both Litecoin and Bitcoin Cash since PayPal confirmed it will support both assets along with Bitcoin from 2021, a popular Twitter account summary the mood among those who prefer BTC.