The ongoing sell-off surrounding cryptocurrencies weighed on Bitcoin Cash on Wednesday as well and the coin fell to its lowest level in two weeks at $415 after starting the day at $520. With today’s sharp drop, the BCH’s market cap fell to $8 billion from $9 billion earlier today according to the latest available data on CoinMarketCap. As of writing, the BCH was trading at $443, losing 15% on a daily basis.
Earlier today, Coinbase has announced that it halted all trading activity for Bitcoin Cash ahead of the hard fork that is scheduled to take place tomorrow on November 15th.
“Due to recent developments, we have now determined that it will be necessary to also pause all buys, sells, and trading of BCH starting at 8:00AM PST on Thursday on Coinbase.com, in the iOS and Android apps, and on Coinbase Pro and Prime. Accordingly, during the time of the pause, you will not be able to sell or remove your BCH from Coinbase. If you wish to have access to your BCH during the pause, you will need to remove it from the Coinbase platform prior,” Coinbase said.
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