1H
0.43%$2.50
24H
7.89%$42.73
7D
8.07%$43.63
30D
7.09%$38.68
Bitcoin Cash price action lagged behind the market on Sunday as whale retreat, and rapid profit-taking cast shadows on BCH short-term prospects.
Bitcoin Cash rallied 6% to $580 on Monday during a broad altcoin resurgence, but declining whale transactions below $200 million suggest limited conviction among major investors.
Bitcoin Cash broke above $570 on Wednesday, driven by the largest whale accumulation in weeks. With 66,040 BCH flowing into large holder wallets, the altcoin shows bullish momentum heading into August.
Bitcoin Cash demonstrated relative stability on Friday with only a 1.63% decline to $488, outperforming major altcoins that fell 4-5%.
Bitcoin Cash jumped 7% on Thursday, leading top 20 cryptocurrencies as geopolitical tensions fuel demand for Bitcoin alternatives. Search interest rose 28% month-to-date, signaling renewed investor appetite.
Bitcoin Cash (BCH) is peer-to-peer digital money for the Internet. It sprang out on August 1, 2017, when bitcoin network was officially forked into two separate blockchains creating two cryptocurrencies – Bitcoin and Bitcoin Cash (BCH) respectively.
The main reason for the fork to take place was scalability problem – the original Bitcoin code had a maximum limit of 1MB of data per block, or about 3 transactions per second. Although it was technically simple to raise this limit, crypto enthusiasts failed to reach any consensus, even after years of robust debates.
A new cryptocurrency is thought to be backed by a version of the blockchain that boasts a unique technical roadmap. In particular it means adjustable blocksize limit with an increased default of 8MB, replay protection and protection against hashrate fluctuations, improved hardware wallet security, and upgraded consensus rules.
Requiring no third parties in order to operate, Bitcoin Cash is fully decentralized and resistant to any political or social effects on protocol development.
The guide provides an explanation of an Initial Twitter Offering (ITO). With ITO, Twitter users can buy tokens without having to leave the social network.
Single asset staking is a proof-of-stake (PoS) consensus that is common in the blockchain ecosystem. However, multi-asset staking is still nascent. In this guide, you will learn about multi-asset staking and how it works.
