Bitcoin Cash

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).

Related section: BTCUSDBitcoin PricesBTC to GBP.

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

Bitcoin price

Bitcoin Cash Dragged Lower on the Week – Threatens Major Support

Bitcoin’s tumble last week has seen a similar move lower in Bitcoin Cash with a drop under the $250 level. The four-day rally in the U.S. dollar caused an unwind in commodities and anti-dollar currency pairs, with much of the top thirty cryptocurrencies registering double-digit losses on the week.

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Ethereum ETHUSD

Ethereum Double Bottom in Place – Aiming for $650

The crypto market suddenly woke up to life over the weekend, as major cryptocurrencies gained against the USD. Bitcoin, Ripple, Bitcoin Cash, Ethereum are just a few examples. For the past several months, BTCUSD failed at the all-important $10,000 level. It simply lacked the energy to break higher, as each […]

Bitcoin Cash

BCHUSD: Why is Bitcoin Cash Price Furiously High Today?

Bitcoin cash price (BCHUSD) rose today as investors remained optimistic about the cryptocurrencies industry. The price is trading at $266, which is the highest it has been since May 9th. Other cryptocurrencies rallied as well, with Bitcoin staying above $10,000. In total, according to CoinMarketCap, the total value of cryptocurrencies [...]