How do Bitcoin forks affect its price?

Bitcoin forks occur when the blockchain undergoes a protocol update, sometimes leading to the creation of a new copyright. Hard forks, such as Bitcoin Cash (BCH) and Bitcoin SV (BSV), can create market uncertainty and influence Bitcoin’s price. Some investors sell Bitcoin ahead of a fork due to concerns about network splits, while others buy in anticipation of receiving free tokens from the new chain. The impact on price varies depending on the market’s reaction to the fork’s legitimacy and support from exchanges. Traders monitoring Bitcoin’s response to upcoming forks can check btc price live for real-time updates.