Cryptocurrency Q&A Why did BCH crash?

Why did BCH crash?

HanRiverVision HanRiverVision Thu Dec 19 2024 | 7 answers 1507
I noticed a significant drop in the price of Bitcoin Cash (BCH) recently and I'm wondering what caused this crash. I'm looking for possible reasons behind this sudden decrease in value. Why did BCH crash?

7 answers

ShadowFox ShadowFox Fri Dec 20 2024
This drastic decrease occurred within just 24 hours, indicating a rapid and severe change in the mining landscape.

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Stardust Stardust Fri Dec 20 2024
BCH might be vulnerable to a 51% attack due to a decline in its hashrate.

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WhisperWind WhisperWind Fri Dec 20 2024
The current hashrate of BCH is now at levels not seen since December 2011.

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Elena Elena Fri Dec 20 2024
Such a significant drop in hashrate can potentially compromise the security of the BCH network.

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AzureWave AzureWave Fri Dec 20 2024
After the recent halving event, BCH has encountered significant difficulties with its mining hashrate.

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