Crypto.IQ Daily Radio Show May 27: Bitcoin (BTC) Rises to $8,800 and Total Crypto Market Cap Gains $25 Billion in 24 Hours, Bitcoin Cash (BCH) Experienced a $1.3 Million Double Spend Attack on May 15, Cryptopia Founder Launching a New Crypto Exchange, Bitcoin (BTC) Is a Safe Haven in Argentina

May 27, 2019 / by Zachary Mashiach

Listen to the May 27 Crypto.IQ Daily Radio Show

On this edition of the Crypto.IQ Daily Radio Show, we do a deep dive market analysis. Bitcoin (BTC) has broken through resistance at $8,300-$8,400 and is currently trading near $8,800. The rest of the crypto market has surged into the green, and the total crypto market cap has gained $25 billion in the past 24 hours. We discuss how Bitcoin Cash (BCH) experienced a $1.3 million double spend attack during the hard fork on May 15. Apparently, coins that had been sent to SegWit addresses which were previously unspendable became spendable after the fork, and someone tried to claim these coins. A couple of mining pools coordinated to take these coins back for themselves. Although the Bitcoin Cash (BCH) market hasn’t been negatively impacted by this news, it is a hit against Bitcoin Cash’s (BCH) reputation. Hear about how the Founder of Cryptopia, Adam Clark, is creating a new cryptocurrency exchange only weeks after Cryptopia went out of business. Learn about how Bitcoin (BTC) is a safe haven for people in countries with high fiat inflation. For example, Bitcoin (BTC) is worth more now than it was during the bull run of late 2017 in terms of Argentinian Pesos.

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