BTCB2 trades 99.9% below Bitcoin as thin order book shows $108 spread

  • BTCB2 traded on Neoxa Exchange while Bitcoin was priced near $77,000.
  • $82 was the highest bid, versus a $190 lowest ask and $389 top ask.
  • Some BIP-110 supporters had advocated a separate BLAKE2b proof-of-work chain.

BTCB2, a coin on a separate chain created by changing Bitcoin’s proof-of-work (computational transaction-validation process) from SHA-256d to BLAKE2b, traded at about $82 on Neoxa Exchange, Bitcoin News reported. Bitcoin was trading at about $77,000 at the same time, putting BTCB2 roughly 99.9% below its price. An order book shared by Bitcoin News on X showed a highest bid of $82 and a lowest ask of $190, a $108 spread equal to 131.7%. Ask prices reached $389, indicating that limited trading activity could make the market vulnerable to sharp moves from relatively small orders. The coin emerged amid earlier debate over Bitcoin BIP-110, during which some supporters advocated a separate chain using BLAKE2b proof-of-work.

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