Bitcoin dominated proceedings for the second week in a row as the Bitcoin Gold fork finally took place on October 24. Bitcoin started the week by reaching a price of around $6050 with a 24-hour market volume of $1.7B. However, despite the strong start to the week the price of Bitcoin soon fell as a portion of investors chose to exit their positions after securing Bitcoin Gold. The price of Bitcoin fell to around $5440 on Wednesday with 24-hour trading volume figures reaching over $3B. Bitcoin was able to recover from this position and by the end of the week fluctuated at a price of around $5700 with a 24-hour market volume of approximately $1.5B. Despite witnessing a slight drop in midweek, Bitcoin was able to maintain its market cap of around $97B.

Bitcoin Gold arrived on the scene and almost immediately peaked at a price of $500. Despite gaining support from Bitfinex, HitBTC, and YoBit the forked coin began to plummet in price as traders chose to sell their BTG holdings as soon as possible. BTG saw as much as 50% of its value eradicated by just Wednesday and was unable to find any areas of support and continued to tumble in price over the course of the week. Bitcoin Gold is currently trading at a price of around $114 with the lack of access to BTG helping to postpone the inevitable sell off. 24-hour trade volumes were also quite modest when compared to Bitcoin with BTG experiencing trade volumes around the $5M mark across the week, despite a sudden peak of around $10M on Friday.

The emergence of Bitcoin Gold resulted in the majority of altcoins simply treading water over the past seven days. Ethereum opened up at a price of around $290 and despite some fluctuation in price on Tuesday closed the week at just under $300. It was a similar story for Ripple, which despite some early fluctuations generally maintained a price of around $0.20, while Litecoin began the week trading at around $56 and ended up at a price of approximately $55.

Bitcoin Cash ended the seven-day period as something of a surprise winner and benefited from the activity surrounding BTC and BTG by gaining over 40%. BCH began the week at a price of around $330 and grew in importance as the week developed, eventually reaching a price of $450 as the week drew to a close. Bitcoin Cash seems to be continuing its rise and in the past 24 hours, BCH has increased by 25% to hit a price of over $500 with a market cap of around $8.3B.