The world’s most popular cryptocurrency Bitcoin fell more than 25% in five days after reaching a record high of $20 thousand on Sunday, December 17.
According to CoinMarketCap, as of 8:40 in Kiev bitcoin was cheaper by 13.86%, up to $14.1 thousand on Sunday, the cryptocurrency reached a record value of more than $20 thousand.
Cryptocurrency Bitcoin Cash rose in price by 24.04%, to $1.9 million, while at auction on Thursday, it was trading at $3.2 thousand, and then collapsed. The growth rate of the experts associated with news that Coinbase platform has launched Bitcoin trading Cash, which is now traded on the stock exchange GDAX.
According to analyst Sarah Silverstein, which results in the publication Business Insider, the decline in the value of bitcoin after reaching a peak of $20 thousand on the weekends may be due to the fact that alternative cryptocurrency – Bitcoin is Cash, “was somewhat legitimized” when it was added to Coinbase.
The co-founder of Bitcoin.com Emil Oldenburg said in an interview with Business Insider that Bitcoin has no prospects as a trading currency. According to him, the main problems of bitcoin is of the high Commission and a falling rate of translation.
Oldenburg also said that the network throughput is limited by the “block size” – memory that stores transaction records. Because of this cryptocurrency illiquid and the investments in it become too risky. He said that he sold all his Bitcoin, but refused to cryptocurrencies in General and Bitcoin Cash.