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Bitcoin Cash Spikes To Record High As Bitcoin Collapses Over $1000

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Posted by ZeroHedge

on Friday, 10 November 2017 07:42

Following the surge in Bitcoin's USD price after the suspension of the SegWit2x hard fork, the cryptocurrency has collapsed as traders exit 'fork dividend' trades.

Dennis Gartman had a few words of praise for the bulls right before the collapse...

Well “bully” for Those Who’d Gotten It Right: Our “position” on Bitcoin and the other cryptos is clear: we shall have nothing whatsoever to do with them, but “good on” those who’ve been long and right; but be careful… all Bubbles eventually end in tears.

bgc

As bitcoin fell, Bitcoin Cash - a clone of the original that was generated from another split on Aug.1 - surged, trading up as much as 35%, ahead of this weekend's launch of Bitcoin Gold.

....read more HERE

...also from ZeroHedge:

"This Looks More Frightening": Global Stock, Bond Selloff Accelerates Amid Risk-Parity Rumblings

 


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