Bitcoin prices rallied into another fork of the protocol and fell right after. Litecoin followed a similar pattern of first up, then down.
Bitcoin Rallies Into Another Fork
It’s a fork year for bitcoin! The door opened by bitcoin cash back in August is now in use again. The new (potential) fork is called bitcoin gold with the major change being a GPU-friendly mining algorithm. The supposed ‘snapshot’ happened early this morning on block 491,407. According to a help FAQ by Coinbase, the Bitcoin Gold team will pre-mine 100,000 Bitcoin Gold coins before releasing the software to the public. Unlike previous forks, the network will not be usable for several days until a working software is released. Read more: https://blog.fxopen.com/bitcoin-rallies-on-another-fork/