The market cap of Bitcoin since yesterday dropped at $97,554,227,588, according to Coinmarketcap.
Due to a sharp sell-off in the cryptocurrency exchanges that started yesterday, the popular cryptocurrency Bitcoin saw its market capitalization dropping beneath the $100 billion mark. That specific level not seen since October last year. That significant move occurred after a major sell-off in the cryptocurrency exchanges yesterday and continued today in the Asian session. Yesterday BKCM CEO and founder Brian Kelly said on CNBC's that the quick sell-off probably is because of bitcoin cash, which split off in last summer from the normal bitcoin with the purpose of processing more transactions. Bitcoin cash is doing a "hard fork" or "effectively a software upgrade," the cryptocurrency fund manager said. "When you do a software upgrade, everybody usually agrees. But in this particular case, everybody is not agreeing."
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Daily Analysis - 15/11/2018