Altcoins are beginning to lose bullish momentum as Bitcoin price struggles to reclaim $40,000.
Bitcoin Cash News
In May 2017, Bitcoin transactions could take up to four days to complete. The only way to make a transaction quicker was to pay a transaction fee, which at the end of 2017 was around $28. The delay and the need to pay fees made Bitcoin impractical for making small purchases, which led to a new Bitcoin-based currency Bitcoin Cash (BCH).
BCH is a cryptocurrency established as a result of the hard fork that took place to manage the scalability problem. Bitcoin Cash has a number of significant differences to Bitcoin: it is advertised as being faster and cheaper to use, the maximum block size is eight megabytes against one in previous Blockchain, and it has an emergency difficulty adjustment feature. Bitcoin Cash also uses 0-conf (or zero-conf) which allows for nearly instant transactions, meaning Bitcoin Cash transactions are almost always confirmed in the next block.
The market capitalization of Chainlink has surpassed Bitcoin Cash, as the DeFi market continues to prosper with TVL exceeding $24 billion.15637
Altcoins have entered a slight correction after Bitcoin's relief rally lost steam and the price dropped below $35,000.39814
Traders are shifting funds into select altcoins as Bitcoin price trades in a sideways range.41583
Bitcoin’s sharp correction may not have broken its uptrend, but several altcoins have signaled that a short-term top could be in place.37181
The price of Bitcoin has dropped below $40,000 as several high-cap coins return to the spotlight.44414
Altcoins are surging higher as Bitcoin price consolidates and the prospect of a $3 trillion economic stimulus package sparks confidence in crypto investors.50083
Traders are buying every dip and pushing Bitcoin price to new highs on a daily basis, triggering many altcoins to follow suit.64976
Bitcoin's slow crawl toward $36,000 has given select altcoins the green light to rally higher.58816
After today’s sharp downside move, Bitcoin and altcoins could trade in a sideways range as bulls and bears fight to control the market’s momentum.51257
Altcoins could also see a strong buying interest and may run up vertically if Bitcoin rallies above $30,000.70136
Bitcoin price continues to chase after $30,000 but continued rejections below the key level are negatively impacting altcoin prices.52899
Bitcoin is taking a breather after the recent rally while altcoins are attempting to play catch up.39954
If Bitcoin seeing a minor correction or consolidation in the next few days could benefit select altcoins.42827
The SEC’s lawsuit against Ripple may be bearish for a few altcoins but could be bullish for Bitcoin.49013