Confirmed by the National Institute of Standards and Technology (NIST):
“When SegWit has activated, it caused a hard fork, and all the mining nodes and users who did not want to change started calling the original Bitcoin blockchain Bitcoin Cash (BCC). Technically, Bitcoin is a fork and Bitcoin Cash is the original blockchain.”
Report: see p.43 para 8.1.2
https://csrc.nist.gov/CSRC/media/Publications/nistir/8202/draft/documents/nistir8202-draft.pdf
Market Update:
The longer BTC consolidates and trades sideways, the better the opportunity for an alt coin run. Also the greater the likelihood of a breakout to the upside for BTC.
Even with the massive XEM hack of hundreds of millions of dollars worth, the crypto community barely blinked. We have come a long way since Mt. Gox.