Bitcoin Above $9,000, All the Forks are Back

An endless hunger for the fresh series of price spikes saw a few of the more prominent BTC forks rise as well.


by
Christine Masters,
3 hrs ago









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Bitcoin (BTC) broke above the $9,000 level, among talk of entering “interesting” price territory. The price gain in 24 hours was just around 3%, to $9,179.23. Bitcoin’s dominance over the market capitalization hovers around 38%.

But some Bitcoin forks made an even stronger impression, and most notably, the Bitcoin Cash (BCH) climb continued. BCH added another 19% overnight, to $1,549.25, and is the strongest gainer today among the top 10 of coins. Other forks are not far behind.

Bitcoin Gold (BTG) grew by a stunning 30%, to reach $88.04 - still quite far from the $500 peak right after the launch, and now the new uptick is barely above the general sideways movement. But a 30% overnight peak is still impressive, and some volumes are returning to BTG.

Curiously, we may soon see a “flippening” between BTG and Bitcoin Private (BTCP).

Bitcoin Private (BTCP) is also intriguing, growing by more than 123% in the past week, to $57.60. What is unusual is that this asset is starting to pick up trading volumes, boosted by the Nanex exchange. Additionally, the project is active with marketing and promotions.

Curiously, the related asset from which BTCP was forked, is also seeing a pump.ZCL is now at $13.01, up more than 57% overnight, and growing by nearly 150% in the past week. Undetermined rumors of the coin becoming active again, or possibly going through another fork, may be causing the spike.

Bitcoin Diamond (BTD), which started off with a low price, and has never been far above $60, appreciated by 60% this week, picking up to $4.85. Yet this is also short-term speculation, and trading has been negligible for this coin.

Bitcoin Dark (BTCD) also heated up, growing by 40% in the past seven days to $81.27, adding another 13% overnight.

However, more obscure Bitcoin forks have not shared in the price growth, and some have lost half their value overnight. The handful of forks that happened soon after the SegWit2X event was canceled seemed to survive a bit better - but the more obscure the fork, the worse the results. BTCP is the one case where the start was underwhelming, and the coin is still fighting to be accepted on major exchanges.

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