Price of bitcoin cash SV drops over 60% leading up to the Bitcoin Cash hard fork

According to trading data from Poloniex, bitcoin cash SV is now trading at a weighted price of $82. The cryptocurrency was trading at a weighted price of $225 less than 24 hours ago—a drop of ~65%. Poloniex, in addition to other major cryptocurrency exchanges, has also suspended trading for bitcoin cash, over network stability concerns. The current price and volume for bitcoin cash SV and bitcoin cash ABC futures are as follows.

Below is the summary table.

Bitcoin cash SV is now trading at ~27% of bitcoin cash ABC’s price.  The Bitcoin Cash hard fork is estimated to commence at 11:40 am EST.

About Author

Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi

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