Bitcoin Cash price remains green on Friday as the crypto markets take a breather. BCH crypto outperformed BTC as the...
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
Following the collapse of FTX, Bitcoin cash price was one of the most affected cryptos, dropping by over the 30...
Bitcoin Cash price today continues to trade around the $210 price level, which is a key support-turned resistance area. After...
BCH price is struggling to get back above the crucial support level of $500 with the crypto market being in...
The Bitcoin Cash price is struggling today. BCH dropped to an intraday low of $690, which was 42% below last...
With the persistence of extreme fear in the crypto market, here's what to expect from BCH price.
Bitcoin cash is up by a percentage point in today’s trading session, extending yesterday’s 3.5 per cent. However, for much...
Bitcoin Cash is on a decline despite recouping some of its losses in the previous session. The mixed risk sentiment...
Bitcoin Cash and Litecoin prices are rising today as the momentum in digital currencies continues. The BCH price is trading...
Our Bitcoin Cash price prediction is still bullish, as indicated in last week’s article. Currently, the price is retracing due...