Bitcoin prices crashed below the $4,000 level today on a decline in the mining hash rate. Litecoin on the other hand has been stable and still remains in a range.
Bitcoin Hashrate Drops
Bitcoin’s mining hash rate dropped considerably during the past few days as mining for BCC became more profitable. As of right now the hash is split at 60% for the ‘legacy’ bitcoin chain and 40% for the new bitcoin cash. However this is expected to change tonight, when the aggressive re-targeting of the BCC protocol will increase the mining difficulty by 300 percent. Read more: https://blog.fxopen.com/bitcoin-down-from-highs-as-hashrate-drops/