The Bitcoin Cash price is in a freefall today as investors react to the ongoing cryptocurrency sell-off. The BCH price is trading at $580, which is more than 10% below the highest point yesterday and 64% below the highest level this year. The coin has a market cap of more […]
In this section, you will find our latest Bitcoin Cash news and analysis, you will also be able to read about its history, and find a live chart for technical analysis.
What is Bitcoin Cash?
In 2018, Bitcoin Cash had its own fork. The original Bitcoin Cash is now referred to as Bitcoin SV (Satori’s Vision) while the other one is called Bitcoin ABC (Adjustable Blocksize Cap).
Bitcoin cash is a type of cryptocurrency which came about in August 2017. It is a fork of Bitcoin which means that it was invented by developers who took source code from Bitcoin and started to independently develop it. It is also sometimes referred to as Bcash and is currently the fourth-largest cryptocurrency in the world in terms of market capitalization. Aside from being a cryptocurrency, it also works as a payment network. It is measured in terms of BCH tokens.
Bitcoin cash was created to address the shortcomings of Bitcoin. Its proponents argued that Satoshi Nakamoto, the man who invented Bitcoin, wanted the cryptocurrency to be mainly used in day-to-day transactions. The 2008 financial crisis and the eurozone debt crisis raised concerns about the credibility of conventional currencies like the US dollar and the euro. The cryptocurrency soon saw staggering demand and was quickly viewed more as an investment asset than a currency.
This consequently led to a surge in the price of Bitcoin. With it, came problems. The time it took to confirm transactions took longer. Not to mention, the transaction fees also trickled higher.
Bitcoin cash remedies these problems by increasing its size blocks to 8 MB and 32 MB. With Bitcoin’s 1 MB size limitation, it can handle 1,000 to 1,500 transactions. With a higher limit, Bitcoin cash is able to reduce transaction queues.
Given that Bitcoin cash is relatively new, it’s popularity has yet to gain traction. Bitcoin’s cash news about more partnerships that would allow more merchants to adopt the cryptocurrency will likely have a bullish effect on its price.
There also seems to be an inverse correlation between Bitcoin cash and its step-brother, Bitcoin. A rally in Bitcoin tends to reflect a weakening Bitcoin cash outlook.
Live Bitcoin Cash Chart
Bitcoin Cash News
Is another selloff in the BCH/USD pair in the offing? If the BCH price prediction is based on the emerging pattern on the daily chart, then this could be the case. The recent price action of several Bitcoin-correlated assets has evolved into a bearish pennant, as the highs and lows […]
The Bitcoin Cash price has been in a tight range in the past few trading sessions as investors question the next moves in cryptocurrencies. The BCH price is trading at $685, which is about 46% above its lowest level in May. Risks for Bitcoin: Bitcoin and Bitcoin Cash have a […]
The Bitcoin Cash price has bounced back after it declined to the lowest level since March last week. The BCH is trading at $748, which is 60% above the lowest level last week. The total value of all BCH in circulation has jumped to more than $13.9 billion. What happened: […]
Bitcoin Cash price has been under pressure this week. BCH dropped to $505 amid the cryptocurrency rout that happened on Wednesday. This was a 70% decline from the year-to-date high of $1,645. The currency is now trading at $805, which is 61% above the lowest level this week. Its market […]
The Bitcoin Cash price is attempting to bounce back after it declined to its lowest level in almost two weeks yesterday. BCH is trading at $1,125, which is 13.80% above the lowest level on Monday. It has a market capitalization of more than $21 billion and is the tenth largest […]
The Bitcoin Cash price surged to a new multi-year high as the cryptocurrency industry rebounded. BCH has risen by about 15% in the past 24 hours, bringing the total gains in the past 7 days to almost 50%. On the other hand, Bitcoin has recovered to $57,100, which is substantially […]
The Bitcoin Cash price has set a new record for 2020 overnight. Trading as high as $1,485 ahead of May 15th network upgrades. The proposed changes to the network come after users requested removing the unconfirmed chained transaction limit, which currently sets a cap of 50 such transactions at a […]
The Bitcoin Cash price is paring some of the losses it made during the American and Asian sessions. BCH is trading at $970, which is slightly above $945, where it declined to a few hours ago. It is about 40% above the lowest level on April 23. Bitcoin Cash has […]
The Bitcoin Cash price has made some modest recovery after it crashed by 46%. Today, the BCH price is at $875, which is 27% above its lowest level last week. The Bitcoin Cash market cap has bounced back to more than $16 billion, making it the 11th biggest digital currency […]