One obvious reason for the sudden move away from bitcoin is the exponentially increasing fees caused by the artificially limited block size. https://i.imgur.co

One obvious reason for the sudden move away from bitcoin is the exponentially increasing fees caused by the artificially limited block size. https://i.imgur.com/7BXFyWX.jpg https://i.imgur.com/7BXFyWX.jpg Rather than paying the high fees of bitcoin, people are making their transactions in other currencies instead. Unsurprisingly, the currencies that allow more transactions are more economically useful, so their value edges up.