Bitcoin Cash Keeps Shining as Wider Crypto Market Turns Red

In yesterday’s market round-up, we reported that Bitcoin had risen almost 1% over the 24-hour period. Over the past day, however, the grandfather crypto has lost that near 1% and dropped by around 1.10%. A daily high of almost $3,670 led to a price at press time of $3,595. Bitcoin may be walking down the steps to its notable bottom of $3,100 or a bit lower.The True Strength Indicator on Bitcoin was as low as -26, a sign that sell pressure is winning today. A sentimental cryptocurrency if there ever was one, negative sentiments expressed around Bitcoin at Davos are probably not helping matters in this bear market. CCN also notes that a “zero” price figure for Bitcoin is virtually impossible.The wind seems to be at the back of Bitcoin Cash, as money continues to exit the Bitcoin SV version. Either Bitcoin fork is one serious development away from attracting massive capital looking for a less-expensive alternative to BTC.

Bitcoin SV’s New Logo Looks Suspiciously Like the Original BTC’s

Bitcoin SV (Satoshi Vision) unveiled its new logo on the 10th birthday of bitcoin. Perhaps not surprisingly, BSV’s “new” logo looks suspiciously similar to that of bitcoin — the original cryptocurrency. The uncanny similarities between Bitcoin SV’s logo and Bitcoin’s are reminiscent of the controversy that erupted when CEO Roger Ver was almost sued by a group of crypto enthusiasts in April 2018. In February 2018, attorney Misha Guttentag urged crypto exchange Coinbase to stop selling Bitcoin Cash, saying its then-backer, Roger Ver, was a scam artist committing “consumer fraud.”Calvin Ayre also raised eyebrows after insisting that the bitcoin price will tank to zero in 2019 because it’s worthless.