After the Fork: Here’s How Exchanges Are Dealing With Bitcoin Cash

The smoke is still clearing from Bitcoin Cash’s hard fork, but exchanges have already moved in to add support for the products of the skirmish. On November 16, 2018, what was intended to be a routine hard fork upgrade of the Bitcoin Cash blockchain became a struggle for hashing power and chain dominance as Bitcoin Satoshi’s Vision (SV), led by Craig S. Wright, attempted to wrestle control over the Bitcoin Cash blockchain from its original client, Bitcoin ABC. Bitcoin ABC (thus far) has strong-armed Bitcoin SV with its mining power…

Major Exchanges Are Already Distributing New Bitcoin Cash Tokens

After yesterday’s split of the bitcoin cash blockchain, several top exchanges have already accommodated the resulting two tokens. While the scheduled hard fork was originally intended as an upgrade to the network, the long-standard Bitcoin ABC version found itself with a rival network and token, Bitcoin SV, after it managed to garner enough support from miners. Taking place at around 18:00 UTC Thursday, the event soon saw both networks producing new blocks, though Bitcoin ABC took an early lead. At press time, ABC has mined 34 blocks more than SV and…

Bitcoin, Altcoins Begin Recovery While Bitcoin Cash Becomes Top 20’s Worst Performer

  Cryptocurrency markets are recovering from their recent mini crash today, Nov. 16, with only Bitcoin Cash (BCH) going against a trend which saw assets gain as much as 4.3 percent in 24 hours. Market visualization. Source: Coin360 The fallout from turbulence over BCH’s controversial hard fork, which occurred Thursday, Nov. 15, appeared not to last, with Bitcoin (BTC) recovering a modest 1.35 percent Friday to trade around $5,590 by press time. The largest cryptocurrency had fallen hard in the hours leading up to the hard fork, at one point…

Bitcoin Cash Price Analysis: BCH/USD Accelerating Declines Below $400

Key Points Bitcoin cash price extended losses and traded below the $400 level against the US Dollar. There are two key bearish trend lines in place with resistance at $420 and $450 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair remains at a risk of more losses below the $360 level in the near term. Bitcoin cash price traded below the key $400 support against the US Dollar. BCH/USD could correct higher, but sellers are likely to appear near $420 or $450. Bitcoin Cash…

Hours After Bitcoin Cash Network Update Begins, Bitcoin ABC Over 10 Blocks Ahead

The Bitcoin Cash (BCH) network update, which many predicted would lead to a hard fork, began as scheduled today, Nov. 15. At press time, Bitcoin ABC and Bitcoin Unlimited are currently leading Bitcoin SV in terms of both hash rate and number of nodes, according to Coin.Dance. Under the new consensus rules, 41 blocks have been already mined, wherein Bitcoin ABC is 12 blocks ahead. The update has led cryptocurrency exchanges around the world to suspend BCH trading and withdrawals. The news about the protocol upgrade has divided the BCH…

Bitcoin Cash Price Analysis: BCH/USD Crash Could Gain Pace Below $400

Key Points Bitcoin cash price crashed and declined more than $100 towards the $400 level against the US Dollar. There is a major bearish trend line in place with resistance at $470 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair is currently consolidating above the $400 level and it could correct a few points in the near term. Bitcoin cash price declined heavily below $450 against the US Dollar. BCH/USD tested the $400 support and it is currently consolidating losses. Bitcoin Cash Price Analysis…

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: Price Analysis, Nov. 14

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision. Market data is provided by the HitBTC exchange. After months of stability, cryptocurrencies are under a renewed bear attack, as total market capitalization has again dipped below $188 billion. The current sell-off comes after months of range bound trading on markets. This is a negative sign because it shows that, after a…

Crypto Market Wipes Out $8B, Bitcoin Cash Down 24.4% in 1 Week

Twitter Facebook LinkedIn Over the past 12 hours, more than $8 billion was wiped out from the crypto market, as several major digital assets including Bitcoin Cash (BCH) and Stellar (XLM) suffered. For the first time in the past ten days, the price of BCH has dropped below the $500 mark to $480. Within the past week, after securing a monthly high at $630, BCH has dropped by more than 24.4 percent. What’s Happening to Bitcoin Cash? Prior to a hard fork, especially a contentious hard fork in which a…

Bitcoin Cash Price Analysis: BCH/USD Consolidating Near $500

Key Points Bitcoin cash price stayed above the $496 swing low and consolidated against the US Dollar. There was a break above a key bearish trend line with resistance at $510 on the hourly chart of the BCH/USD pair (data feed from Kraken). The pair struggled to move above the $530 resistance and the 100 hourly simple moving average. Bitcoin cash price mostly consolidated near $500 against the US Dollar. BCH/USD must break the $530-540 resistance zone for a decent recovery. Bitcoin Cash Price Analysis Yesterday, there was another break…

Crypto Markets See Slight Decline on The Day, Bitcoin Cash Makes Minor Gains

Tuesday, Nov. 13: Cryptocurrencies have experienced a slight decline over the last day, with almost all top 20 coins by market capitalization in the red after seeing some growth yesterday, Nov. 12. Market visualization from Coin360 The leading cryptocurrency Bitcoin (BTC) is down less than a tenth of a percent today, trading at $6,370 at press time. During the day, the lowest BTC price point was $6,345, with an intraday high aof $6,395. BTC has lost around 1.34 percent over the last week. Bitcoin 7-day price chart. Source: CoinMarketCap The…