Total cryptocurrency market capitalization has reached $200 billion as Bitcoin price gains over 5.68% hitting new all-time high of more than $7400.
Over the last 24 hours Bitcoin cash gained about 10 percent to its price.
Last month’s much spoken hard fork has seen Bitcoin price rally to reach new all time high of $5000. Let’s try to understand the possible reasons behind the rally and the future prospects for Bitcoin and Bitcoin Cash – forked version of Bitcoin.
The new cryptocurrency has more than doubled in value during the last few days and keeps getting more support from the cryptocurrency community.
The price of bitcoin maintained flat on Friday, while Bitcoin Cash has surged beyond $500 amid the growing chances of another bitcoin split.
The Bitcoin Cash network gains momentum, even though the difficulty is a lot lower than that of Bitcoin and mining the latter is still more profitable.
The price of Bitcoin is hovering at a record high, following a surge over the weekend, while Bitcoin Cash price more or less leveled off.
Bitcoin Cash, created by Bitcoin hard fork, became an apple of discord between Coinbase, refusing to support the new currency, and its customers, angrily requesting their share of bitcoin cash from the company.
Bitcoin Cash price is surging now though experts talks about possible increased volatility in the nearest future.