A few major cryptocurrencies are in an uptrend and they could offer buying opportunities in the short-term.
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.
Most major cryptocurrencies have turned down from their immediate resistance levels, which suggests a minor correction in the next few days.15768
Most major cryptocurrencies are struggling to break out of their immediate resistance levels, which could result in a minor pullback for the next few days.25606
Data indicates that someone was propping up Bitcoin Cash at a loss after the coin's halving.11440
The latest revolt against the controversial BitPay appears to result in open-source competitor BTCPay getting its business.10573
The action in altcoins has become coin specific, meaning, traders should remain with those that are in an uptrend as they are likely to follow Bitcoin if it moves higher.18899
The hash rates of BCH of BSV have recovered, after crashing hard following their April halvings. Mining profitability for BSV, BCH, and BTC is now roughly the same.14758
Altcoins are currently following Bitcoin price but soon they are likely to decouple and chart their own course.33125
With the Bitcoin halving set to transpire in just a few days, analysts are predicting significant disruptions to mining operations.10466
After Bitcoin’s rally, several major cryptocurrencies are attempting to resume their up move.30578
Bitcoin Cash startup General Protocols has raised more than $1 Million for its DeFi vision.5154
Most major cryptocurrencies are stuck in a tight range awaiting direction from Bitcoin.21519
Several major cryptocurrencies are facing selling at higher levels but the fact that traders are buying on the dips suggests further range-bound action is likely.31824
The crypto markets are expected to remain volatile this week. Hence, several short-term trading opportunities are likely to crop up.21101
Most major cryptocurrencies are facing resistance at higher levels, meaning a few days of consolidation could be needed before the rally can resume.17503