1H
-0.30%$1.48
24H
-1.89%$9.50
7D
-10.6%$58.57
30D
-16.1%$94.53
Bitcoin Cash (BCH) has turned bullish after the Federal Reserve’s latest rate decision, gaining almost 6% in the past 24 hours to trade at $637.71.
Bitcoin Cash (BCH) outperformed major cryptocurrencies this week, posting double-digit gains as Bitcoin’s price consolidation and active profit-taking among Ethereum and Chainlink investors triggered mixed market reactions.
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 (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.
Launched in late 2022, Bonk Coin is a community-driven dog-themed cryptocurrency built on Solana. This in-depth guide explores Bonk’s airdrop origins, decentralized design, token utility, and evolving role in the crypto market.
Since the number of countries exploring the concept of CBDC is actively growing and their adoption is expanding, it is important to understand how this works and how one can leverage CBDCs to improve one’s financial stability. We invite you to learn the key basics of Central Bank Digital Currencies in this guide.
