The majority of the asset’s price decline occurred on April 10, with a steep drop of 7.51% in a three-hour window.
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 cost of fees made Bitcoin impractical for making small purchases, which led to a new Bitcoin-based currency, Bitcoin Cash (BCH).
BCH is a cryptocurrency established from a hard fork that took place to manage Bitcoin’s scalability problem. Bitcoin Cash has several significant differences from Bitcoin: it is advertised as faster and cheaper to use, the maximum block size is eight megabytes, whereas the Bitcoin blocksize is one megabyte, and it has an emergency difficulty adjustment feature. Bitcoin Cash utilizes 0-conf (zero-conf), enabling nearly instant transactions, typically confirmed in the next block. However, this approach compromises security as it demands less mining power for block verification.
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There has been speculation in the lead-up to the halving, with the price of Bitcoin Cash increasing 147.85% over the past three months. Despite a brief dip before the event, it quickly recovered.
10864Bitcoin Cash hasn’t seen open interest at this level since May 2021, when its price was nearly 2.5 times higher.
7677Crypto exchange Coinbase has announced plans to launch futures trading for Dogecoin, Litecoin and Bitcoin Cash as soon as April 1.
17683Going against Bitcoin is a tough pill to swallow for investors in one of the oldest altcoins.
14071Bitcoin forks, BCH, BSV and XEC rallied over the last 30 days while KAS and FLEX led among altcoin gainers in June, but data questions the sustainability of their rallies.
2766Bitcoin Cash developer Jason Dreyzehner states that the latest upgrade incorporates support for CashTokens, which he considers a “tool for expanding financial access.”
5850The lion’s share of the fintech’s held cryptocurrency assets lies in BTC and ETH with $499 million and $362 million, respectively — up more than 56% since Q4 2022.
7509Bitcoin Cash offers several advantages for DeFi applications thanks to its UTXO model, potentially offering better scalability and security.
18048Roger Ver, commonly known as “Bitcoin Jesus,” has 20 days to answer the summons from Genesis unit GGC International before being required to pay by default.
7234Bitcoin proponents argued that Ether’s monetary policy had changed at least seven times while BTC has seen zero changes.
7837The crypto wallet plans to stop support for the four tokens on Dec. 5, but any remaining funds will still be tied to users' existing addresses.
33124The country’s prime minister says it is considering introducing Bitcoin Cash on a legal basis, despite being within the territory of the pioneering CBDC DCash.
5339Corbin Fraser, an executive at Bitcoin.com, told Cointelegraph that they are also planning to release a prepaid debit card that rewards users with crypto.
2718If Bitcoin clears its overhead resistance level, ETH, BCH, AXS and EOS could resume their uptrend with surprising strength.
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