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Bitcoin slumps

13/11/2017

Leading cryptocurrency plunged as much as 15% since Friday and extended drop during the week end. Original Bitcoin has the so-called SegWit technology which has certain limitations but supported by majority of miners with existing ASICs.

In turn, Bitcoin cash, has jumped more than 22% since Friday, according to the exchange data. Bitcoin cash is gaining popularity because of its larger block size allows signing more transactions within single block, making each transaction cheaper. More and more miners are taking shift into mining the new cryptocurrency and leading technology providers already adopted ASICs to support new algorithm.

We at Make Capital expect that original Bitcoin will be very volatile and unpredictable. We recommend investors to dedicate only a small share of their investments into cryptocurrencies.

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