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Markets Insider
Bitcoin was demolished Wednesday afternoon, down more than 10% and at its lowest level in over a year.
The world's largest cryptocurrency has hit a minimum of $ 5,550 per coin, the weakest since October 2017, as widespread sales have devastated the space crypt before the bifurcation of bitcoin rival liquidity.
Ethereum, the ripple of XRP and litecoin were reduced by about 10%, while bitcoin cash fell by 13%.
On Thursday, the bitcoin currency, the fourth largest cryptocurrency by market capitalization, is destined to experience a blow in the midst of a fight that is playing between its two biggest supporters, Craig Wright and Roger Ver.
"Both Roger and Craig support a different version of Bitcoin Cash," according to Mati Greenspan, senior eToro market analyst.
"The end result will most likely be a division in the network that will result in two different versions of Bitcoin Cash when both updates come into effect this Thursday."
It was a difficult year for investors in digital currency, who saw prices explode in 2017 while cryptomania hit the world. Bitcoin, for example, started 2017 with a value below $ 1,000 a currency before rising above 2,000% to a maximum of $ 19,511 a currency.
This year has been a different story, however, with the value of the cryptocurrency that has plummeted by 60%.
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