The bearish sentiment in the cryptocurrency market has hit Bitcoin Cash hard. In yesterday and today’s trading sessions, Bitcoin Cash...
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: 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.
Live Bitcoin Cash Chart
Bitcoin Cash price today continues to trade around the $210 price level, which is a key support-turned resistance area. After...
Bitcoin Cash is an analogue of Bitcoin, and tends to follow the number one crypto around the market. In the...
Bitcoin Cash, BTHUSD, is up sharply today (+8.55%) as investors pile back into cryptocurrencies following yesterday’s sell-off. Bitcoin Cash is...
Bitcoin Cash BCHUSD Price Analysis, Daily Bitcoin Cash, a fork of Bitcoin, joined in on the rally among cryptocurrencies yesterday....
The variant of Bitcoin Cash known as Bitcoin Cash SV (BSV) performed a flash spike against the USD, rising above...
Bitcoin Cash price has been relatively mute in the past few days. The price has barely moved in the past 24 hours. This is in line with what other cryptocurrencies have performed. For example, according to Coin Market Cap, Bitcoin, Ethereum, and Tether have moved by less than 1% in the past 24 hours.
Bitcoin cash price, a cryptocurrency fork of Bitcoin, is up by 5.10% in today’s trading at 243.04. Does it have...
Bitcoin cash price is up by 5.68% or $14.34 at 267.00 in today’s trading following its first halving event since forking away from Bitcoin. Just what is 'halving'?
Bitcoin cash price (BCHUSD) rose today as investors remained optimistic about the cryptocurrencies industry. The price is trading at $266,...