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.
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: BTCUSD–Bitcoin Prices – BTC 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.
The Bitcoin Cash price is attempting to crawl back after dipping by more than 43% last week The BCH price is trading at $525, which is 21% above the lowest level on Sunday. This action brings its total market cap to more than $9.7 billion. What happened: Bitcoin Cash received […]
The Bitcoin Cash price is under intense pressure. BCH has dropped by more than 37% from its year-to-date high of $777, bringing its total market cap to more than $8.8 billion. This makes it the tenth-largest cryptocurrency in the world. What’s happening: The Bitcoin Cash price is dropping as a […]
The Bitcoin cash price is hovering near its highest point in July 2018 as investors react to the strong performance in the cryptocurrencies industry. The BCH price is trading at $709, slightly below the year-to-date high of $773. Fundamental analysis The focus this week has been on Bitcoin, whose price […]
The Bitcoin Cash and Ripple prices are flying high today as part of the massive cryptocurrency rally. The BCH and XRP prices have risen by more than 10% in the past 24 hours, bringing their total market cap to more than $14.3 billion and $21 billion, respectively. News: The Ripple […]
Bitcoin Cash and Litecoin prices are rising today as the momentum in digital currencies continues. The BCH price is trading at $439, up by more than 5.58% in the past 24 hours and 5.5% in the past seven days. On the other hand, the LTC price is trading at $152, […]
The Bitcoin Cash price has been pressured recently as other altcoins have rallied. Today, the price has risen by about 0.8% and is trading at $503, which is slightly above yesterday’s low of $490. Similarly, Bitcoin SV price has also moved sideways in the past few days while wrapped Bitcoin […]
Bitcoin Cash price is down by more than 3% after rallying by more than 7% yesterday. The BCH is trading at $506, which is slightly below this week’s high of $537. Other cryptocurrencies are also in the red today after the gains made yesterday. Their total market cap is slightly […]
Polkadot price is having one of its best days on record. The currency has jumped by more than 33% in the past 24 hours, pushing its market cap to more than $10 billion. This makes DOT the fifth-biggest cryptocurrency in the world after Bitcoin, Ethereum, Tether, and Ripple. What’s happening: […]
Bitcoin Cash and Bitcoin SV prices are soaring today, erasing some of the losses made yesterday. BCH price is up by 5% in the past 24 hours to $503 while BSV price is up by almost 3%. At the same time, Bitcoin, Ethereum, and Litecoin prices have also bounced back […]
Bitcoin cash price did what we predicted on Friday. In our note, we mentioned that BCH would soar to $500 as the demand for the currency continued to rise. During the weekend, it jumped to $656, the highest level since 2017. However, it quickly erased those gains and is currently […]
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