Bitcoin SV Nodes Crash Hard Following Genesis ‘Downgrade’

Following the Bitcoin SV ‘Genesis’ Hard Fork on Feb 4th, the number of nodes on the network has reduced dramatically. In a tweet this morning, Arthur van Pelt of Dragon Industries claimed that there were only around 250 nodes still servicing the network. Nodes Don’t Follow Fork Referring to the hard fork as the ‘BSV Genesis downgrade’, van Pelt explained that following the fork, 80-85 nodes seemed to have started a new chain of their own. Another 30 or so nodes had also been left behind in the process. This…

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Is the Bitcoin Price’s Bull Trend Intact After the 4% Flash Crash?

Wow. After days of extremely low volatility, with Bitcoin grinding higher without much downward price action, BTC suddenly dropped 4% in twenty minutes just last hour, plunging from $10,100 to $9,700 in a rapid sell-off. This move filled a CME gap formed this weekend, which is actually a more bullish sign than it is bearish. Though, as fast as the price dropped, it recovered. As of the time of writing this, Bitcoin is trading at $9,999.92, having effectively recovered the entire drop, save for a few dollars to the upside.…

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