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Bitcoin Cash (BCH)

Bitcoin Cash [BCH] Steps Into May With Significant Gains

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The month of May started off on a good note for several coins including, Ethereum [ETH], Bitcoin Cash [BCH], and several others. The altcoin market emerged in terms of both price as well as market cap. The overall market cap of the crypto-verse rose to $2.21 trillion with the altcoins accounting for most of it.

With a 24-hour price rise of 9.49%, Bitcoin Cash [BCH] was right behind Dogecoin [DOGE] in bagging daily profits. The altcoin was trying to surge past $1K, however, a prominent line of support was still in the making as it kept slipping back below its milestone. BCH, during the time of writing, was trading for $1,009. Over the last seven days, the altcoin scored gains of over 29%.

While several coins like Litecoin [LTC] and Chainlink [LINK] failed to stay in the top ten, BCH managed to retain itself as the tenth-largest cryptocurrency. The altcoin’s market cap was noted at $18.73 billion, quite close to that of Litecoin’s.

Bitcoin Cash [BCH] One-Hour Price Chart On Coinbase

Bitcoin Cash

The bears were noticed hibernating in the short-term price chart of BCH. While the Bollinger Bands indicator affirmed limited volatility as the bands were converging, the Awesome Oscillator indicator suggested that this was for the best. The Awesome Oscillator indicator laid out red closing bars insinuating the presence of the bears. The Money Flow Index indicator noted a buyers’ sentiment as the marker was over the 50 median.

Bitcoin Cash [BCH] One-Day Price Chart On Coinbase

Bitcon Cash

Contrasting sentiments were observed in the short and long-term charts of BCH. The one-day price chart of BCH was welcoming the bulls. The MACD indicator was heading in for a bullish crossover as the MACD line was sluggishly trying to rise over the signal line. The Chaikin Money Flow indicator was seen dwelling in the bullish arena over zero median. The Relative Strength Index indicator suggetsed that the altcoin could have been moving towards the overbought zone.

Roger Ver And Jesse Powell Bid Adieu To Market Manipulation Suit

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Roger Ver aka Bitcoin Jesus, the founder of the prominent cryptocurrency exchange Bitcoin.com along with Jesse Powell, the CEO of Kraken with a few others had recently filed a motion seeking the dismissal of a market manipulation suit that they were hit with back in 2018.

The CEO of Bitmain, Jihan Wu, Bitcoin Cash developers Shammah Chancellor and Jason Cox as well as Powell and Roger Ver was accused of manipulating the market just before the network-wide upgrade of Bitcoin Cash. While this complaint was filed by the United American Corp [UAC] in 2018, an amended version of the complaint was recently updated. However, this lawsuit did not stand in court as it was dismissed citing lack of evidence.

Roger Ver Tackles Lawsuit

UAC’s initial complaint did not make it following lack of personal jurisdiction as well as failure to state a claim. However, the court suggested that UAC could present an amended version for the case to prolong. While the crypto platform went on to do so as advised, UAC alleged that the accused had employed mercenary mining power to surge the hashing power of the crypto exchange, Bitcoin.com.

To this amended lawsuit, Chris McAliley, the U.S. Magistrate Judge of the Southern District of Florida decided to incline towards dismissing the complaint based on the lack of evidence provided with respect to the case. McAliley added,

“The Court considers first whether the Complaint satisfies the pleading requirements of the first element, conspiracy. It does not. As noted, the Complaint must state facts — not conclusions — that plausibly suggest a conspiracy.”

The Judge, after evaluating the circumstantial evidence provided by the plaintiffs revealed, “the court concludes that it lacks facts that create a reasonable expectation that discovery will reveal evidence of illegal agreement.”

Several members of the community were happy about this news and were seen congratulating Roger Ver as well as Jesse Powell for their latest victory.

Bitcoin Cash Processes 50K More Transactions Than Bitcoin

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Bitcoin [BTC] and its fork versions have always managed to make headlines. One of its many iterations was Bitcoin Cash [BCH] that has able to claim one of the top spots on the leaderboard.

In the recent development, Bitcoin Cash surpassed its big brother in terms of transaction figures. With this, BCH established a “new economic record” by processing 340,106 transactions on the 7th of March, while Bitcoin’s figures stood at 281,065 on the same day.

Bitinfocharts

In short, Bitcoin Cash processed nearly 60,000 more transactions than Bitcoin on that day. However, it was not until January 2021, when BCH witnessed a sudden jump in the transaction numbers.

Following this stint, BCH figures maintained a steady uptrend and climbed that of BTC’s in March. According to the latest data compiled by BitInfoCharts, this is the first time that Bitcoin Cash’s surge has been consistent.

Zooming out, prior to this, the fork coin had only five other times when transaction figures surpassed that of Bitcoin and all the instances were abrupt spikes and equally abrupt declines.

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Bitcoin’s transaction fee has also receded from the recently established ATHs. Previously, the daily BTC transaction fee was fluctuating between $24 and $31. Lately, the transaction fee figures have slowed down potentially signifying that the current bull season has hit a pause.

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Besides, Bitcoin Cash’s transaction fee also saw an equally pronounced dip.

Despite fresh challenges over the past few years and emergence of several copycat tokens, Bitcoin [BTC] has reigned as the leader of cryptocurrencies and the market continued to see its rising dominance. Bitcoin Cash [BCH], on the other hand, suffered a significant decline as the crypto-asset was pushed out of the top 10 coins by market cap.

On the price side, Bitcoin finally closed above the crucial resistance level of $50k after a week of sluggish price action. Its fork iteration reclaimed $506-level after a minor market-wide recovery as the new week dawned.

Google Finance Adds ‘Crypto’ Tab featuring Bitcoin, Litecoin, Ethereum, Bitcoin Cash

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Times are definitely changing for Bitcoin and the crypto industry as the bull market continued to heat up.

Crypto has been in the limelight for quite some time. But thanks to the massive institutional capital, the space has finally received the much-needed legitimacy. In the latest development, Google Finance has added a crypto-dedicated field.

Google Finance is essentially a data site maintained by the tech giant, hence this development is crucial for the digital currency ecosystem. This was first reported by ‘Documenting Bitcoin’ which also revealed that the ‘crypto’ is placed right at the top of the page among five default markets such as the US, Europe, Asia, and Currencies.

Here, the users of the platform can compare the aforementioned markets. The tool offers a rundown of real-time as well as historical data for Bitcoin [BTC], Ether [ETH], Litecoin [LTC] and Bitcoin Cash [BCH] with just a click.

However, the information for other top cryptocurrencies such as Cardano [ADA], XRP, Binance Coin [BNB], Polkadot [DOT] was not available yet on Google Finance’s website.

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The latest move by the website which focuses on business news and financial information hosted by Google is no less than a milestone. It is indicative of the industry’s growing mainstream presence and demand for the latest information on the top coins in the market.

Crypto has come a long way

The industry has now entered mainstream usage. It is important to note that Google’s parent, Alphabet, owns one of the world’s most famous platform YouTube.

This video streaming platform had previously come under severe criticisms for banning virtual currency-focussed educational and news content. Several channels of prominent news platforms have been subjected to suspensions that have subsequently.

However, Google Finance’s move to enable users track the performance of various cryptocurrencies is a positive step as the asset class continued to witness massive investments from big institutional players and corporations.

Bitcoin Cash [BCH] Aims For $800 As Bulls Promise Assistance

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The entire crypto-verse was beaming in joy after the industry hit a high of $1.71 trillion. Bitcoin Cash (BCH) had recorded an immaculate growth over the last couple of days. BCH wasn’t the only asset that experienced such a surge as an array of assets like Ethereum (ETH), Binance Coin (BNB) stole the show. BNB climbed on to a third-place with its market cap hitting a high of $30 billion. This was great for the crypto industry as it seems to be making its way to $2 trillion. With Bitcoin accounting for $1 trillion, the total crypto market cap stood at $1.71 trillion, during press time. While all the other prominent coins took a step down, BCH retained its position in the top ten.


Bitcoin cash was quite far away from its all-time high of $2,979. Nevertheless, the asset was trying to make its way to $1K. The recent crypto rally proved to be extremely beneficial for almost all the assets, BCH was undoubtedly a member of this list. At the time of writing, BCH was trading for $734 with a 2% rise in the last 24-hours. Throughout the week, BCH managed to score gains up to 25%.

Bitcoin Cash [BCH] One-Hour Price Chart

Bitcoin Cash

The short-term price chart of BCH revealed that the bulls and the bears were putting up a fight in the market. The Parabolic SAR indicator laid down a line of support below the candlesticks, hindering any potential downfall. The Awesome Oscillator indicator formed red closing bars affirming the presence of the bears. The trading activity in the BCH market was neutral, however a buyers’ sentiment was noted.

Bitcoin Cash [BCH] One-Hour Price Chart

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The Bollinger Bands indicator used in the one-day price chart of BCH suggested that the asset was in for an increase in volatility. The MACD indicator formed a bullish crossover and suggested that an increase in the altcoin’s volatility could push its price over $800. The Klinger Oscillator followed the footsteps of the MACD indicator and inclined towards the bulls.

All this bullish sentiment in the BCH market could push the altcoin to a new yearly high.

Bitcoin Cash [BCH] Could Sprint Towards $460

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Bitcoin Cash [BCH] came no where close to its all-time high of $4,355.62 that it achieved three years ago. While Bitcoin [BTC], Ethereum [ETH] and several other coins surged past their all-time highs, BCH, XRP along with many others failed to do so. XRP’s squabble with the SEC pushed the coin to a critical point. The altcoin, at press time, was trading for a low of $0.25. All the new coins like Polkadot and Chainlink prevailed during this crypto rally.

Bitcoin Cash, went up to a high of $629.80 in the last 30 days. But it wasn’t very hard for the coin to plummet down to a low of $331.91 either. At the time of writing. BCH was trading for $396 with a dainty surge of 1% in the last 24-hours. Over the last week, BCH had suffered losses of over 14%. The trading volume in the BCH market was seen soaring by 3.47% and was at $5.7 billion.

Bitcoin Cash [BCH] One-Hour Price Chart

Bitcoin Cash

After witnessing a steep fall from $460, BCH was finally seen getting back on track. The Money Flow Index was recovering from its journey to the oversold zone on the one-hour price chart. The MFI marker was just above 50 median, which revealed that BCH was revealing a buyers’ sentiment. The Chaikin Money Flow indicator opened the gates for the bulls as the marker pushed past zero.

Bitcoin Cash [BCH] On Binance

Bitcoin Cash

The bulls were dancing around the BCH market. The Parabolic SAR indicator formed dotted lines below the candlesticks. This stood as a barricade against any possible downtrend. The Awesome Oscillator indicator laid out green closing bars which is considered to be bullish. The MACD indicator was in sync with the other indicators. Just today, the MACD line took over the signal line formulating a bullish crossover.

This bullish notion in the BCH market could fuel the altcoin’s journey back to $460. The prolongation of this trend could push BCH beyond $500.

Bitcoin Cash Endorsement Has Got Kim Dotcom Questioning The “Toxic” Nature Of The Crypto Community

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Bitcoin Cash [BCH] managed to secure a lot of fans after Roger Ver aka Bitcoin Jesus went on to promote the coin. Over the years, several followed suit as Bitcoin Cash entailed a block size larger than that of Bitcoin. The asset is now widely being used for online payments, however, its popularity and value remain dainty when compared to Bitcoin [BTC]. The tiff between Bitcoin maximalists and the evangelists of other coins is not news, the Bitcoin Cash community seems to have added another person to their list.

‘Bitcoin Cash Is Great For Online Payments’, Suggests Kim Dotcom

German entrepreneur, Kim Dotcom sprang to fame after rolling out Megaupload as he bagged in millions of dollars. After trying his hand at crypto and failing, Kim Dotcom seemed to be joining the Bitcoin Cash community. He affirmed the same in his latest tweet.

This tweet triggered several members of the crypto community who began questioning Kim Dotcom’s latest move. The German entrepreneur pointed out that Bitcoin Cash functioned on low fees and was easy to use while being secure. While the Bitcoin Cash community and Roger Ver have time and again dissed Bitcoin for being “slow with high fees and unreliable transactions”, Kim Dotcom seemed to have joined the BCH gang. However, he suggested that he chose BCH over BTC as he considers BCH “great for online payments”, while BTC “is great to store value.”

Furthermore, Kim Dotcom went on to explain that he intends to bring in more people to the community through his “innovations, with my contact network and the incredible power of genius marketing”, he added.

The entrepreneur received backlash for his latest move but suggested that his stance was a result of the demands and necessities of users and vendors from the digital verse. A Twitter user even went on to ask the entrepreneur if Roger Ver had paid him money for this endorsement. To which Kim Dotcom replied,

“He sent me $1000 in BCH via text message to try the Bitcoin.com wallet. I then sent $500 in BCH to a friend via text message because I wanted him to see how easy this is.”

Back in September 2020, Tim Draper was subject to immense resentment for endorsing BCH. However, the venture capitalist affirmed that the endorsement was a result of a hack.

The repercussions of exhibiting support for certain coins seemed to be getting out of hand as Kim Dotcom suggested that healthy competition is good for the crypto-verse and those who have been preaching Bitcoin maximalism aren’t doing the king coin a favor. He added,

Bitcoin Cash [BCH] Records Constant Fluctuations As It Looks For A Way Into The Bullish Area

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The color red was painted across the crypto market. There was a crypto carnage that had taken over the market. Bitcoin Cash[BCH], XRP, Cardano [ADA] were all slumping by a huge majority returning all the gains they secured in the recent bull run. While Bitcoin is still at $23K, it was slumping by 1.94% in the last 24-hours. XRP had fallen down by 51.07% over the last seven days in terms of price. The altcoin also took a blow with regard to its market cap as stablecoin, Tether took over XRP as the third-largest crypto coin.

At the time of writing, Bitcoin Cash was seen drowning in the red sea. BCH was trading for $278.65 with an 8.67% drop in its price over the last 24-hours. The altcoin had recently made way for Litecoin and gave up its position as the fifth-largest cryptocurrency. During press time, the market cap of BCH was at $5.23 billion.

Bitcoin Cash [BCH] One Hour Price Chart

Bitcoin Cash

The one hour price chart of Bitcoin Cash [BCH] restored some hope in the market. The volume in the market seemed quite low compared to before. The daily moving average indicator revealed a bearish sentiment the last few days as the 50 daily moving average [Blue] was above the candlesticks. However, at the time of writing, the 50 daily moving average was seen moving below the candlesticks. Bullish sentiment was noted as the 100 daily moving average [Red] was below the 50 daily moving average.

Bitcoin Cash [BCH] Price Chart With Key Indicators

Bitcoin Cash

In the short term price chart of Bitcoin Cash, all the indicators seemed to be wishing well for the altcoin. The Bollinger Bands were finally converging after witnessing an increase in volatility all this while. The Stochastic RSI indicator revealed that it was heading back from the overbought zone. The Chaikin Money Flow [CMF] indicator was seen climbing back into the bullish realm.

Bitcoin Cash [BCH] Gears Up For Trend Reversal After Its Minor Setback

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After enjoying a nice stay in the green zone, all the crypto assets were seen slumping by a huge majority. Bitcoin Cash [BCH], XRP, Bitcoin SV [BSV], and several other coins were seen dipping into new lows. XRP even got into trouble for recording a major drop. At the time of writing, the altcoin was depreciating by 8.51% over the last 24-hours. Bitcoin continued to stay in the $22K zone after hitting multiple all-time highs over the course of the last week. A few coins like Cardano [ADA], Polkadot [DOT], and Monero [XMR], however, remained safe as they continued their uptrend.

At the time of writing, Bitcoin Cash was trading for $312.63 with a 3.41% drop in the last 24-hours. The asset had managed to secure gains up to 10% over the last seven days. BCH was recently surpassed by Litecoin [LTC] in terms of market cap. BCH currently sits as the sixth largest coin with a market cap of $5.803 billion. 

Bitcoin Cash [BCH] One Hour Price Chart

Bitcoin Cash

In the short term price chart of Bitcoin Cash, the asset was seen gearing up for a trend reversal. BCH had formed a descending triangle pattern with two downward sloping lines. The upper trend line was identified with lower highs at, $377.09, $371.94 as well as $315.30. The lower trend line formed lower lows at $300.90 and $297.90. This pattern quite often breaks out in an upward direction.

The daily moving average formed a bullish crossover and followed the pattern. The 50 daily moving average [Blue] was seen above the 100 daily moving average [Red]. This crossover is considered to be a bullish one.

Bitcoin Cash [BCH] Price Chart With Indicators

Bitcoin Cash

All the indicators were pointing in the direction of the bulls. The Awesome Oscillator indicator had formed green closing bars which suggested the presence of bulls. The MACD indicator was moving from the bears onto the bulls. In the one-hour chart of BCH, the MACD line was seen overtaking the signal line.

Bitcoin Cash Fork: Here’s What Happened

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Following the much-awaited hard fork, the Bitcoin Cash network has split into two new blockchains, yet again, this time- Bitcoin Cash Node [BCHN] and Bitcoin Cash ABC. A lot has been said and done. This is the second time that an ideological battle between the two camps of a prominent coin had quickly escalated to a controversial hard fork. Here’s how the event unfolded:

Bitcoin Cash Node Emerges As The Dominant

According to the data compiled by Coin Dance, the BCHN chain is currently 111 blocks ahead of Bitcoin Cash ABC. It is important to note that the dominant chain is being spearheaded by Roger Ver. Many industry experts have questioned the viability of the BCHA chain of Bitcoin Cash since, over the last 24-hours, there have been only 11 blocks mined. Whereas, 123 BCHN blocks have been mined during the same time period, according to data from Blockchair.

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The hard fork has been disastrous for BCHA as its hash rate took a huge downturn after the fact. It is also important to note that the BCH hash rate has always been very low.

As noted by Nikita Zhavoronkov, the Lead Developer of Blockchair, only 0.6% of the BTC SHA-256 hash rate is required to 51% attack BCH. What is even more damaging is that with BCHA, it is just 0.05%. Hence a big solo miner can potentially attack and leave the BCHA network with malicious chain reorgs.

To top that, BCHA was currently being mined by just one miner at a “huge loss” giving rise to 100% control of the hash rate. The miner is also at the risk of losing the newly minted coins in an event of an attack.

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It was Binance that mined that the last “common block” among Bitcoin Cash miners at #661647. The first block that split the blockchain was mined by AntPool. Even before the fork, nearly 80% of miners demonstrated support for BCHN, and hence hash power has been in BCHN’s favor soon after the split.

Bitcoin Cash’s Price Takes a Plunge

As the hard fork went live, BCH crashed significantly as investors continued to struggle with the uncertainty of the future of the network. Over the last seven days, Bitcoin Cash’s price dropped by nearly 9% despite a rather bullish week as Bitcoin and the peer altcoins climbed an upward trajectory. At the time of writing, BCH was priced at $248.9.

The Controversy

The contentious hard fork arose from a massive conflict between the two camps Bitcoin Cash ABC and BCHN. The former’s camp, led by Developer Amaury Séchet, essentially intended to deploy an Infrastructure Funding Plan [IFP] that would introduce a “miner tax” of 8%., this implying that 8% of the miner rewards would be distributed to the team behind the network.

This was vehemently opposed by the BCHN camp stating that reducing miner rewards was not a good option since this could bring about centralization fears emerging out of the network’s development around just one team of devs.