Since July 28, Bitcoin Cash’s price has traded within a descending channel, which has seen it lose over 30 per...
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’s price is up by a percentage point in today’s trading session, a day after its prices plunged by...
Bitcoin Cash price bounced back on Thursday as the strong US dollar index (DXY) rally took a breather and American...
After a significant decrease in inflation, our last Bitcoin cash price prediction is now even more likely to hit. Most...
Our Bitcoin Cash price prediction is still bullish, as indicated in last week’s article. Currently, the price is retracing due...
Our Bitcoin Cash price prediction is looking bullish once again as the price has shown tremendous recovery within the last...
The Bitcoin Cash price is down by a percentage point in today’s trading session. The drop also marks the second...
Our Bitcoin Cash price prediction is still bearish as the coin has failed to show any strength. BCH price appears...
The downtrend on the BCH/USDT pair remains intact, keeping bearish Bitcoin Cash price predictions unmoved. Bitcoin Cash has been one...
The Bitcoin Cash price prediction will be determined by the outcome of the emerging pattern on the charts. The pattern...