If Bitcoin can reclaim the $12,200 level, several altcoins are likely to resume their uptrend.
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.
Ledger has failed to fully fix a major vulnerability that allows for a “Bitcoin Fork” attack.4190
Despite tensions flaring among Bitcoin Cash developers over the protocol’s difficulty algorithm, another chain split seems unlikely.6541
The strong recovery in Bitcoin and altcoins from their weekend lows suggests that the traders are aggressively buying each dip.21961
Bitcoin finally broke through the $11.2K resistance and Ethereum’s continued strength is likely to pull several altcoin prices higher.35390
Bitcoin and most altcoins could consolidate for a couple of days before resuming their uptrend.31902
Bitcoin has made a decisive move above $10,500, which is likely to boost sentiment and pull several altcoins higher.37834
Ethereum price looks to make a new 2020 high as Bitcoin bulls fight to hold BTC price above $9,600.27550
Many altcoins could pick up momentum If Bitcoin and Ethereum break above key resistance levels in the coming days.20060
Financial regulators in the US approved shares of Grayscale Investments’ Bitcoin Cash and Litecoin trusts for trading on OTC Markets.8890
Most major altcoins have witnessed profit booking as traders become cautious about the future of Bitcoin’s price.21504
Bitcoin and a few altcoins are showing signs of weakness, which could result in a minor dip in the next few days.22320
Select altcoins are showing strength and if Bitcoin price perks up a fast paced, market-wide rally could occur.16996
Equities markets are surging and many altcoins continue to push higher as Bitcoin price consolidates into a tight trading range.19635
As Bitcoin corrected on July 9, altcoin prices dropped but many are holding above their support levels, suggesting the uptrend will resume.23445