A mock Bitcoin is displayed on a table in an illustration picture taken in Berlin January 7, 2014. European banking regulators warn consumers against hacking and other risks associated with online currencies like Bitcoin. It follows similar advisories from the Bank of France and the Chinese central bank - and adds pressure to calls for the sector to be regulated.

Bitcoin split into two currencies, but one still has a number of hurdles to clear

$360

Bitcoin split into two currencies, but bitcoin cash, priced at $360 on Tuesday (Aug. 8), still has a long way to go to reach the value of bitcoin, priced at $3,451.

Published   |  Photo by Reuters/Pawel Kopczynski
A mock Bitcoin is displayed on a table in an illustration picture taken in Berlin January 7, 2014. European banking regulators warn consumers against hacking and other risks associated with online currencies like Bitcoin. It follows similar advisories from the Bank of France and the Chinese central bank - and adds pressure to calls for the sector to be regulated.
$360

Price of bitcoin cash compared to other currencies

A mock Bitcoin is displayed on a table in an illustration picture taken in Berlin January 7, 2014. European banking regulators warn consumers against hacking and other risks associated with online currencies like Bitcoin. It follows similar advisories from the Bank of France and the Chinese central bank - and adds pressure to calls for the sector to be regulated.
$360

Bitcoin cash is also much less valuable than bitcoin. The first has a market value of only $6 billion, while the second of $56.4 billion.

A mock Bitcoin is displayed on a table in an illustration picture taken in Berlin January 7, 2014. European banking regulators warn consumers against hacking and other risks associated with online currencies like Bitcoin. It follows similar advisories from the Bank of France and the Chinese central bank - and adds pressure to calls for the sector to be regulated.
$360

Market value of bitcoin cash compared to other currencies

A mock Bitcoin is displayed on a table in an illustration picture taken in Berlin January 7, 2014. European banking regulators warn consumers against hacking and other risks associated with online currencies like Bitcoin. It follows similar advisories from the Bank of France and the Chinese central bank - and adds pressure to calls for the sector to be regulated.
$360

A number of devoted developers work on the technology behind bitcoin and exchanges, startups, and institutions work with the currency.

A mock Bitcoin is displayed on a table in an illustration picture taken in Berlin January 7, 2014. European banking regulators warn consumers against hacking and other risks associated with online currencies like Bitcoin. It follows similar advisories from the Bank of France and the Chinese central bank - and adds pressure to calls for the sector to be regulated.
$360

Now bitcoin cash has to create a similar ecosystem for itself. Its failure or success will reflect in its price.

A mock Bitcoin is displayed on a table in an illustration picture taken in Berlin January 7, 2014. European banking regulators warn consumers against hacking and other risks associated with online currencies like Bitcoin. It follows similar advisories from the Bank of France and the Chinese central bank - and adds pressure to calls for the sector to be regulated.
$360

It had a good start, because it inherited some of bitcoin’s popularity and value. It is already the fourth most valuable currency in the world. Not bad for a seven-day-old coin.

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