BIP-110 Fork Price Stutters as 'High-Risk' Exchange Warnings Spread

BTCB2 Hits the Market With a So-Called $80 Price Tag

Bitcoin.com News recently reported on the minority forked blockchain that split away from Bitcoin during the first week of August and how it changed its proof-of-work to be compatible with Blake2b. Yesterday, crypto proponents on X started to post on how BTCB2 was recently listed on a relatively unknown exchange and was trading for roughly $80 per coin. For the sake of safety and security, we will not be linking the exchange rate URL in this editorial.

At some points, BTCB2 was exchanging hands for $100, but many pointed to the fact that the market is extremely illiquid and volatile. “Umm. Yeah. $82 isn’t a price. It’s a bid on a 130% spread, on a beta exchange, for a minority BLAKE2b fork listed as BTCB2. A single book nobody uses for $BTC is not a valuation,” one person wrote in response to a BTCB2 price post.

Thin Books, Wide Spreads, and Exchange Warnings Cloud BTCB2’s Market Price

At press time, around 11:30 a.m. EDT on Wednesday, Sept. 2, BTCB2 traded against $USDC shows an ask of $130 per coin. Yet, the book looks like a poker game table with a few players who are not even playing the game. Over the last hour, the ask and bids have not moved at all. That market has seen around $94,100 in 24-hour trading volume. The BTCB2/$BTC market has reportedly logged $19,300 in trades.