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You are here: Home / Archives for Bitcoin Cash (BCH)

Bitcoin Cash (BCH)

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

March 2, 2021 by Chayanika Deka

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.

Filed Under: News, Altcoin News Tagged With: Bitcoin (BTC), Bitcoin Cash (BCH), Crypto Adoption, Cryptocurrencies, Ethereum (ETH), Google, Google finance, Litecoin (LTC)

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

February 21, 2021 by Sahana Kiran

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

download 3

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.

Filed Under: News, Altcoin News Tagged With: Bitcoin Cash (BCH)

Bitcoin Cash [BCH] Could Sprint Towards $460

January 29, 2021 by Sahana Kiran

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.

Filed Under: News, Altcoin News Tagged With: Bitcoin Cash (BCH)

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

January 12, 2021 by Sahana Kiran

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.

I’m herewith officially joining the effort to make Bitcoin Cash the leading electronic cash solution in the world.

I will help to accelerate the use of BCH with real world and online vendors and to increase the user base.

I know how to do this. Join me.#Bitcoin #BitcoinCash

— Kim Dotcom (@KimDotcom) January 10, 2021

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,

How did the cryptoverse get so toxic? It doesn’t matter which crypto leads in the future. What matters is that the idea of crypto finds mass acceptance so that all of humanity can benefit. The crypto community should work together on that common goal. Respect each other. #crypto

— Kim Dotcom (@KimDotcom) January 11, 2021

Filed Under: Altcoin News, News Tagged With: Bitcoin Cash (BCH)

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

December 25, 2020 by Sahana Kiran

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.

Filed Under: Market Analysis, Altcoin News, News Tagged With: Bitcoin Cash (BCH)

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

December 23, 2020 by Sahana Kiran

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.

Filed Under: News, Altcoin News, Market Analysis Tagged With: Bitcoin Cash (BCH)

Bitcoin Cash Fork: Here’s What Happened

November 16, 2020 by Reena Shaw

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.

hash

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.

bs

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.

Filed Under: Altcoin News, News Tagged With: Bitcoin Cash (BCH), hard fork

XRP, Chainlink, Bitcoin Cash Technical Analysis On 16th November 2020

November 16, 2020 by Reena Shaw

Bitcoin’s rejection from the crucial level of a little over $16K triggered a minor sell-off in altcoins such as XRP, Chainlink, and Bitcoin Cash among others. The global market cap stood firm at $459.2 billion as Bitcoin’s dominance neared to 65%.

XRP:

XRP 2 e1605505110307

XRP has been trapped below $0.269 and its upward attempt took a hit after registering a decline of 1.31% over the past 24-hours, XRP was down by 1.31%. Despite the dip, XRP geared up for a much-anticipated breach as it climbed to $0.268 while holding a market cap of $12.18 billion and a 24-hour trading volume of $3.27 billion.

The dotted markers of the Parabolic SAR aligned below the XRP price candles supporting the coin from a drop depicting a growing bullish pressure. The RSI also rose above the 50-median line depicting a phase of increasing buying pressure in the coin market.

If the range to the upside is resolved, XRP bulls could push the coin’s price to $0.296, a level not seen since the first week of September. The support level for the coin stood at $0.235

Chainlink [LINK]:

LINK 5 e1605505839817

Chainlink [LINK] was priced at $12.16 after noting a decline of 1.92% over the past day. At the time of writing, LINK recorded a market cap of $4.77 billion and a 24-hour trading volume of $1.02 billion.

The red closing bars of the Awesome Oscillator depicting a switch to the bullish momentum following the latest pullback. Chaikin Money Flow also dropped below the zero-line suggesting decline in the inflow of capital into the coin market.

Downward pressure could bring the coin’s value to retest support area of $10.43 as it failed to breach the crucial resistance of $13.03.

Bitcoin Cash [BCH]:

BCH 2 e1605506351634

Following the hard fork, Bitcoin Cash [BCH] noted a drop of 3.36% over the last 24-hours which drove the price to $243.6 as it registered a market cap of $4.52 billion and a 24-hour trading volume of $2.84 billion.

After being stuck in a tight range, BCH exhibited a strong bearish pressure as depicted by both Klinger Oscillator as well as MACD indicator.

If Bitcoin Cash fails to reverse its short-term downtrend, it could potentially face a fall to its immediate support level of $218 while its resistance remained unbreached $273.

Filed Under: Altcoin News, News Tagged With: Bitcoin Cash (BCH), Chainlink (LINK), Ripple (XRP)

Bitcoin Cash Holders Make Big Moves Into Exchanges Days Before Hard Fork

November 14, 2020 by Sahana Kiran

Bitcoin turned several heads after the king coin hit $16K. However, Bitcoin Cash seems to be creating a bigger uproar following its imminent hard fork. With the hard fork just days away, the BCH community seems to be prepping the right way for the same. Recent data revealed that those holding BCH have been moving their funds into exchanges in huge numbers.

Over 1 million Bitcoin Cash [BCH] Moved Into Exchanges

The Bitcoin Cash team recently revealed that the blockchain was steering towards a split. The distribution of the 8% mining fee stirred several contrasting ideologies in the community. While Amaury Sechet proposed the division of the 8% mining fee, Roger Ver and many others opposed this idea. Hence, Bitcoin Cash ABC and Bitcoin Cash Node, two of BCH’s critical clients were heading for a split.

While the hard fork is scheduled for 15 November 2020, the community was making the required arrangements. The fate of the blockchain and the creation of a new coin is uncertain. With only a few days left for the hard fork, Chainalysis revealed that more than $140 million worth of Bitcoin Cash was flowing into the exchanges. A whopping 1.56 million BCH found its way into the exchanges since the beginning of the month.

Bitcoin Cash

After a significant surge at the beginning of September, the inflows of BCH into the exchanges have been fairly low. However, this trend witnessed a reversal as the month of November commenced.

The Bitcoin Cash team was arguing against the allocation of the 8% rewards that were limited only to the BCH miners to the Bitcoin ABC development team as well. While the community continues disputing against this, several put forth the view that this division could question the decentralized nature of the network.

Days before the BCH hard fork, the coin bid adieu to its fifth position on the top ten crypto list. The coin was surpassed by Chainlink as its market cap slumped below $4.77 billion. During the time of writing, Bitcoin Cash was trading for $257.16 with a 0.34% drop in its price over the last 24-hours. The coin managed to secure gains of over 5.28% over the last seven days.

Filed Under: Altcoin News, News Tagged With: Bitcoin Cash (BCH)

Litecoin, Bitcoin Cash, Chainlink Technical Analysis On 13th November 2020

November 13, 2020 by Sahana Kiran

During the time of writing several coins were seen recording significant surges. Litecoin was one such coin that was under the crypto spotlight. While Bitcoin was enjoying its stay above $16K, it was dominating the market by over 65%. The global crypto market cap was evidently headed towards $500 billion. At press time, the market cap was noted at $461.93 billion.

Litecoin [LTC]

Litecoin was outshining every crypto asset in the industry. The coin was surging by over 7% over the last 24-hours and was priced at $63.30 during the time of writing. LTC had also climbed up the crypto ladder and stood as the seventh-largest cryptocurrency with a market cap of $4.169 billion.

Litecoin, Bitcoin Cash, Chainlink

A conflict was observed in the LTC market as the indicators used on the short term chart of digital silver were exhibiting diverging aspects. The MACD line took over the signal line and formed a bullish crossover. However, the Klinger Oscillator had converged once again and formed a bearish crossover.

Bitcoin Cash [BCH]

With just a few days left for the big BCH hard fork, the altcoin was seen slumping. Bitcoin Cash was also surpassed by Chainlink in terms of market cap as the former’s market cap fell below $4.7 billion. During the time of writing, BCH was trading for $253.83 with a 1.38% drop over the last 24-hours.

Litecoin, Bitcoin Cash, Chainlink

The BCH market was seen slowing making space for the bulls after while a few bears remained intact. The Relative Strength Index indicator was seen below the 50 median and still revealed a sellers’ sentiment. The RSI marker showed that the coin was recovering from the oversold zone following the imminent hard fork. The Awesome Oscillator, however, formed a green closing bar indicating the presence of bulls in the BCH market.

Chainlink [LINK]

After an entire week of delivering a notable performance, LINK was seen walking down the sober lane. The altcoin was seen recording a dainty increase of 0.65% over the last 24-hours. LINK stood as the fifth-largest cryptocurrency with a market cap of $5 billion. Over the week, LINK managed to garner up 10.76% worth of gains.

Litecoin, Bitcoin Cash, Chainlink

LINK was going to prolong its uptrend. The Parabolic SAR indicator laid down dotted lines below the candlesticks and eliminated the possibility of a downward breakout. The Chaikin Money Flow was seen well rested in the bullish zone.

Filed Under: Altcoin News, Market Analysis, News Tagged With: Bitcoin Cash (BCH), Chainlink (LINK), Litecoin (LTC)

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