The Highly Anticipated Bitcoin Cash has Fallen Nearly 90% From Its High Position
Since the birth of Bitcoin Cash (BCH) on August 1, 2017, Bitcoin Cash (BCH) has often been compared to Bitcoin, and many believe that Bitcoin Cash (BCH) is a direct competitor to Bitcoin. However, according to the Wall Street Journal, Bitcoin Cash, which has been diverted from Bitcoin, has fallen by nearly 90% compared to historical highs, which is disappointing. At the beginning, people hope that this kind of transaction faster and cheaper cryptocurrency ( bch coin ) will become the mainstream payment method. The bear market of cryptocurrencies punishes investors who bought Bitcoin in the most ardent period of the currency last year. Take Bitcoin Cash as an example. According to industry research, Bitcoin has fallen 67% compared to the intraday high of $20089 set in December last year, while Bitcoin cash has fallen 88% from a high of $4355.62. On last Friday night, the bitcoin cash transaction price was around $533. The value of hundreds of other bitcoins has also