A month after the Bitcoin Cash planned fork, the two newly created chains, Bitcoin Cash (BCH) (with the Bitcoin ABC Update) and Bitcoin SV (BSV), continue their rivalry. After declaring an end to the hash wars, the two new coins are now competing in what looks like a concerted effort to undermine the other’s price.

For that reason, the two assets held a race to the bottom over the weekend, crashing to new yearly lows. BCH sank as low as $75.08, triggering remarks from the crypto community. The coin also conceded its place to Litecoin (LTC) in an event known as “the Flappening” and now sits at number 8 based on market capitalization.

https://twitter.com/WhalePanda/status/1073697710144978944

As for BSV, its lowest price over the week…

This article appeared first on Cryptovest

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