“Crypto is in a bear market, bitcoin cash forks fighting for dominance will hurt bitcoin cash’s value. Once these two are out of the way the coin will flourish and that will mean a price rise,” according to Forbes.

Recent data indicate bitcoin ownership is increasingly evenly split among short-term speculators and market participants willing to hold the largest digital currency for long periods of time.

Courtesy: Coinmarketcap.com

For more information on the cryptocurrency market, visit the Bitcoin category.