Bitcoin SV

The hard fork of Bitcoin Cash led to the formation of two new cryptocurrencies i.e. Bitcoin SV and Bitcoin ABC. However, the latter has more support than the first. The flagship crypto exchange by trading volume Binance dropped this coin from being traded on its platform, ShapeShift is also planning the same.

The price of Ethereum soared with high momentum by 15.13% over the weekend recovering from its Friday lows of $146 to Sunday highs of $168.58. At press time, Ethereum is trading at $138.52 (-0.99% 24h), Bitcoin (BTC) trades at $3878.28 (0.17% 24h) and Ripple at $0.314041 (-1.94% 24h).

The bull market appears to have recovered and the charts are indicating a green straddle. The crypto market, which has been suffocating for a while, has finally registered a hasty soar in prices as 2018 comes to an end. On Thursday, December 21, several altcoins saw weighty price clusters, some almost registered double-digit surges.

The leading digital currency has fallen so many times these past weeks that it is hard to count the exact number. The worst is the bottom is impossible to predict under such conditions. Yesterday Bitcoin lost 12% of its value but had partially recovered at the time of writing.

Forks can be of great importance to the crypto industry if they add desired qualities to the underlying cryptos. But in most cases, these forks don't cause anything good, they just create conflicts and worsen the situation. Cryptos that involve themselves in fighting should be discriminated against while those that mind their business but with small market caps have to be amassed. In this case, it's necessary to sell off both Bitcoin Cash (BCH) forks, and YOYO gets much attention.

Bitcoin Core vs Bitcoin Cash (BCH) appears to have taken a new path. No longer are the Bitcoin Cash team concentrating on obliterating Bitcoin Core, they now appear to be baptising amongst themselves with fire, this time around two mercenary groups, Bitcoin ABC and Bitcoin SV. It's a civil war that could result in a big change in how Bitcoin Cash is controlled and maintained.