RE: Bitcoin and crypto reputation damaged forever
It was a hectic weekend for the crypto trader. As Bitcoin recedes below $ 5,500, traders suddenly switched to the bitcoin branch, Bitcoin Cash (BCH).
The third most popular cryptocurrency after Bitcoin and Ethereum, Bitcoin Cash, was created from a hard fork of Bitcoin in August. Last Sunday, Bitcoin Cash soared from $ 600 to $ 2,790, raising its total market capitalization to around $ 22 billion, at least for a short period of time. On Monday, BCH fell back to $ 1120 before recovering. It is currently trading at $ 1,305 at the time of writing.
What is at the origin of this sudden and unexpected peak? Daniel Masters, director at Global Advisers Bitcoin Investment Fund, accused Korean traders of "market manipulation" via the Bithumb stock exchange and appealed to his LinkedIn relations to complain to the Korean financial supervisory authority
https://steemit.com/bitcoin/@tighilt/what-was-at-the-origin-of-the-bitcoin-cash-rally