A lot of positive momentum appears to be brewing across the cryptocurrency industry. Although this is not entirely uncommon, sustaining this uptrend over the coming week will be a different matter altogether. After facing a massive battering, the Bitcoin Cash price appears to be on the rise again in rather significant fashion.
Bitcoin Cash Price Uptrend Looks Promising
Considering how the weekends are usually extremely bearish for all cryptocurrencies, it is somewhat interesting to see different momentum shaping up all of a sudden.
Bitcoin is down 10 percent in the past 24 hours and has set a new low for the year. The currency has been struggling to stay above $4,000, but it looks like the bears have the upper hand, at least in the short term. The currency slumped below $3,400 on most markets overnight and has since then looked increasingly likely to head to $3,000. At press time, Bitcoin was trading at $3,377 on BitMEX, Coinbase Pro and Kraken.
The rest of the market has also been heavily battered, with Ethereum trading at $86, Stellar down 17 percent to $0.
As the cryptocurrency industry continues to struggle for any sort of traction, it is quickly becoming apparent there may be some permanent casualties when everything is said and done. There has been no sign of improvement for Bitcoin Cash, as its price continues to drift lower virtually every single day. The next battle ahead will see the Bitcoin Cash price retain $125 or fall below it in the coming hours.
Bitcoin Cash Price Struggles Intensify Further
Although Bitcoin Cash successfully celebrated its first birthday this year, things have never looked the same ever since.
The cryptocurrency markets are not off to the greatest of starts on this new week. While that will not entirely surprise too many people, it is still a rather unfortunate development. The Bitcoin downtrend is, once again, dragging everything else with it. As has been the case for a while now, the Bitcoin Cash price seems to feel the worst of this effect.
Bitcoin Cash Price Decline Continues
Anyone who has closely watched the cryptocurrency market prices throughout 2018 may have noticed some peculiar developments taking place.
As was to be expected, most of yesterday’s cryptocurrency market gains have been wiped out once again. Sustaining a bit uptrend has proven to be extremely difficult throughout 2018 and this latest round is no different. It seems the Bitcoin Cash price will be the first to head in the red again as its value is being pushed down below $185 at this time.
Bitcoin Cash price Faces Opposition
A lot of people were genuinely excited to see the Bitcoin price yesterday throughout the afternoon.
Those who were hoping for positive cryptocurrency price momentum over the weekend will be extremely disappointed first and foremost. Nothing is going the way people would have liked whatsoever, and it seems the worst is yet to come. Al major markets face massive declines, and it seems the Bitcoin Cash price continues to get battered every single day. There is no end to this madness, by the look of things.
Bitcoin Cash Price Goes off the Deep End
When looking at the big picture, one would almost begin to believe Bitcoin’s end is nigh.
It is safe to say the recent Bitcoin Cash protocol upgrade will continue to cause disruption for quite some time to come. There is still a lot of confusion regarding this fork and the potential long-term outcome of this most recent event. As such, the Bitcoin Cash price appears to be tanking once again, which does not bode well for the short-term future whatsoever.
Bitcoin Cash Price Drops Significantly
No one will be really surprised to earn the current momentum does not bode well for most cryptocurrencies.
It is always difficult for cryptocurrency projects to find their niche market. In the case of Ethereum, NEO, EOS, and TRX, the addition of letting users create and issue their own tokens has done wonders. Similar functionality will come to Bitcoin Cash through the Wormhole project. It is an interesting addition, although no one knows if this will be even remotely successful in the long run.
Changing the Bitcoin Cash Narrative
Over the past few weeks, the discussions pertaining to Bitcoin Cash have not been overly positive by any means.
It would appear all cryptocurrencies are going through some sort of a revival right now. After sustaining very serious losses yesterday, things have finally turned around again. The most bullish currency in the top 10 is none other than Bitcoin Cash. That comes as a bit of a surprise due to all the recent drama, although it also shows altcoins are very resilient first and foremost. For the time being, Bitcoin Cash seems to be underway to hit $250 again.
There is nothing to be excited about in the world of cryptocurrency at this stage. Considering how all markets remain in the red, it is more than evident there will be no immediate relief. The biggest loser to date is Bitcoin Cash, as its value has lost 44% in the past 24 hours. That is quite spectacular, although it seems multiple factors are at play in this regard.
Bitcoin Cash price Decline Gets Brutal
Most people expected some price turmoil when the Bitcoin Cash protocol upgrade of November 15th was first announced.
Третья по объему торгов криптобиржа Huobi Global расценивает более длинную цепь Bitcoin ABC как «настоящий» Bitcoin Cash с тикером BCH.
Bitcoin Cash ABC to Be Re-Designated BCH and Trading Announcement of Bitcoin SV (BSV)
Huobi Global has confirmed that the ABC version of Bitcoin Cash (BCH) will be retained for the designation of BCH.
Cryptocurrency exchanges are seemingly convinced BCHABC will remain the predominant chain of Bitcoin Cash following the network split. Although things look to be in favor of this implementation, both Bittrex and Coinex are taking a very controversial stance. They let users trade BCHABC tokens as “BCH”, even though nothing has been permanently decided in this regard as of yet.
Premature Actions by Exchanges?
The Bitcoin Cash hard fork and subsequent network split have caused quite a stir.
A lot of confusing action is taking place where the Bitcoin Cash price is concerned. Although its actual decline in value is quite obvious for everyone to see, the real price of BCH is not necessarily what people can see on Coinmarketcap. This is primarily because numerous exchanges treat BCHABC as Bitcoin Cash already despite nothing being decided in terms of which chain will be the longest.
Bitcoin Cash Value Fluctuates Heavily
Depending on where traders look at, the price of Bitcoin Cash will be either close to the $400 level or down to $250-ish.
It has been an interesting week in the cryptocurrency industry, although not necessarily for reasons one might expect. More specifically, the Bitcoin Cash price is getting battered, as that has everything to do with the hard fork and associated hash war. As such, one has to wonder if anyone is even winning based on the developments. So far, the “winner” remains unclear, and the future of Bitcoin Cash is anything but decided.
Bitcoin Cash Price Continues to Decline
No one should be really surprised to learn things are not looking too great for Bitcoin Cash in the price department.
The past 24 hours have been rollercoaster of sorts for the crypto market, with the price of the world’s premier digital currency, Bitcoin, dropping by more than 10% late Wednesday afternoon. As a consequence of this, BTC was seen stooping to its 2017 low of $5,312 before gradually recovering (a little) and settling around the 5,742 mark (at press time).
Today and tomorrow will be two incredibly important dates for Bitcoin Cash. The upcoming hard fork is a very controversial development which can have all kinds of side effects. So far, the Bitcoin Cash price is holding its own despite all of the controversy. Finding stability near $520 would be a semi-bullish signal for the future.
Bitcoin Cash Price Needs Solid Support
Despite a relatively steep price rise last week, the value per BCH has not found any real stability to speak of.
For people looking at Bitcoin Cash, things will undoubtedly look incredibly confusing as of right now. The current market momentum seems to make no sense whatsoever, but it is evident things may continue to change in the coming days. The looming hard fork is successfully dividing the community, and a lot of speculators are simply bailing until things calm down.
Bitcoin Cash Price Decline Worsens
It is not entirely surprising to see the Bitcoin Cash price decline at this crucial stage.
There has been a lot of talk regarding the upcoming Bitcoin Cash hard fork. Although there is a lot of support for the second chain across exchanges, it seems the BCH price is not going through a positive spell right now. In fact, its losses are slowly piling up as the week continues. That is a bit unfortunate, albeit it is evident this trend will not relent anytime soon.
Bitcoin Cash Price Continues to Dwindle
Compared to what Basic Attention Token is going through, the Bitcoin Cash downtrend is not something to be concerned about.
Cryptocurrency enthusiasts often wonder if and why Bitcoin Cash is used as a payment method. Several key developments in the ecosystem have made it easier to transact in BCH. One particular project on Twitch, while rather niche, seems to confirm Bitcoin Cash is a more than viable payment method. Time to feed the chickens!
Bitcoin Cash for Chickens
Every “‘mainstream” venture involving cryptocurrencies looks awkward at first.
With all cryptocurrencies still in the green, very interesting price momentum is shaping up at this stage. It is rather uncommon to see so many markets in the green at the same time, especially when considering how troublesome 201 has been so far. The value of Bitcoin Cash is still rising, as it successfully surpassed $600 in the past few minutes.
Bitcoin Cash Price Continues its Uptrend
The past few days have been very interesting for BCH holders.
This past week, there has been a lot of attention on Bitcoin Cash. The alternative version of Bitcoin is getting plenty of attention due to its price rise and upcoming hard fork. It appears the upward momentum is still ongoing, although users keeping an eye on the fork will need to remain somewhat cautious first and foremost.
Bitcoin Cash Price Uptrend Continues
Although most people expected the Bitcoin Cash rise to end as of today, things have turned out in a very different way.
After a very positive day yesterday, it seems the Bitcoin Cash price surge continues unabated. This is a very peculiar trend, although it mainly has to do with people stocking up on BCH prior to the hard fork. With the current gains in place, the value has risen above $230, and $550 still remains a potential target.
Bitcoin Cash Price Keeps Going
It is somewhat commendable to see at least one top cryptocurrency maintain its gains for more than 24 hours.
Most cryptocurrencies benefit from minor upward momentum during this weekend. Bitcoin Cash is a bit of an exception, as it has noted solid gains for two days straight. The current push brings the value to $475, and a further uptrend to $500 is not entirely unlikely. The network’s upcoming hard fork is generating some positive buzz, by the look of things.
Bitcoin Cash Price Continues to Rise
It is rather interesting to see how select cryptocurrencies mount a somewhat solid comeback during these market conditions.
15 мая на блоке 530356 в сети Bitcoin Cash произошел хардфорк, результатом которого стало анонсированное ранее увеличение размера блока с 8 до 32 Мб.
Happy Fork Day!#bitcoincash #bitcoin #bch #bchforeveryone pic.
Кто знает подойдет ли этот кошелек для постоянного приема в сатоши? Я просто майнить не решился, но написал несколько ботов для того, чтобы они собирали с кранов монеты. Я так понял, что это веб-кошел...