Bitcoin Diamond Soars As Market Trading Turns South

Sep 05, 2018 at 20:05

Bitcoin Diamond (BCD) is the biggest winner in Wednesday’s trading as the cryptocurrency trading turned sour after a generally upbeat sentiment earlier in the day.

The legacy Bitcoin (BTC) was steadily holding its position above $7,300 for most of the day when it plunged down to the $7,000-level in the evening.

As of this writing, BTC is trading at $7,090.83, down 3.05%.

Most cryptocurrencies immediately followed the leading token’s downward trend, with only six digital currencies left in the green which are BCD, Dropil, MOAC, TenX, TrueUSD and Tether.

Among this day’s six winners, BCD was holding itself pretty good at the top, after being steady for the past month.

BCD maintained its spot in the $1.31 to $1.34 range before shooting up to above $4.5 in the afternoon.

The Bitcoin hard fork is now up 133.62 percent to $3.08 as of this writing.

The price surge is attributed to the announcement of Binance, one of the world’s top virtual currency exchanges, that it will open transactions for BCD.

“Binance will open deposits and withdrawals for Bitcoin Diamond (BCD) at 2018/09/05 10:00 AM (UTC),” the crypto exchange said in its announcement (https://support.binance.com/hc/en-us/articles/360015518211).