BCH price is trading within a horizontal channel following the subsiding of fear levels in the crypto market. The crypto...
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
The Bitcoin cash price is attempting to rebound after staging a major decline in the past few days. The BCH...
Bitcoin Cash price is back up above the crucial support zone of $600 after Tuesday’s cryptocurrency selloff. According to CoinMarketCap,...
Bitcoin Cash price is rallying as the crypto market’s bull run continues. According to CoinMarketCap, the combined crypto market cap...
Bitcoin Cash price is hovering at around $650 after declining in the previous session. The bulls failed to gather enough...
The Bitcoin SV price strong bullish momentum has faded. The BSV token is trading at $167, which is about 9.7%...
Bitcoin Cash price is wavering below the support-turn-resistance level of 650 as the bullish sentiment begins to fade. While BTC/USD...
Bitcoin Cash price has eased on its rebound from the previous session’s low. The bulls are gathering momentum to reach...
Bitcoin Cash price is on a consolidation pattern as the bulls strive to push it back above the psychological level...
Bitcoin Cash price is on a rebound after pulling back from its two-month high. According to the Crypto fear &...