bitcoincash
581,218 views
342 Posts
Hot
Latest
💥💥💥 #bitcoincash (BCH) Price Reclaim $600 after #EthereumETF Approval?
Bitcoin Cash (BCH) saw a 5% rebound to reclaim $490 on May 24, with recent whale activity suggesting further upside potential.
Ethereum ETF Sell-the-News Triggers BCH Volatility
- After the SEC approved the Ethereum ETF on May 23, Bitcoin Cash dropped 11% to a weekly low of $472 before rebounding 5% to $490 by Friday evening. This volatility is due to a "sell-the-news" reaction from swing traders & short-term investors.
BCH Price Action After Ethereum ETF Approval
- The "sell-the-news" strategy, where investors sell off holdings at the peak of bullish news to secure early profits, seemed to play out in the BCH market. After the Ethereum ETF approval, BCH prices plummeted 11% but quickly rebounded.
Whale Investors Boost BCH Holdings
- On-chain data shows that despite a sell-off by swing traders and retail investors, whale investors remained bullish. Santiment data reveals that wallets holding at least 1,000 BCH increased their holdings by 10,000 BCH to a total of 11.93 million BCH since May 20.
- At the current price of $496 per coin, BCH whales have invested approximately $5.2 million. Large whale purchases typically create bullish pressure by reducing market supply & boosting confidence in the asset's future performance.
BCH Price Forecast: Targeting $600
- Following a recent rebound, Bitcoin Cash seems poised to move toward $600, especially if whale buying continues to counteract swing trader selling. The Parabolic SAR indicator supports this bullish outlook, with SAR dots indicating strong support at $454, well below the current price of $493.
- However, BCH faces short-term resistance at $530. Breaking through this level could attract more buyers, potentially pushing the price toward the $600 target.
In summary, Bitcoin Cash's recent price movements, coupled with significant whale activity, indicate potential for further gains, especially if the buying trend continues & resistance at $530 is overcome.
Source - thecryptobasic.com
#CryptoNews🔒📰🚫 #BinanceSquareTalks
Bitcoin Cash (BCH) saw a 5% rebound to reclaim $490 on May 24, with recent whale activity suggesting further upside potential.
Ethereum ETF Sell-the-News Triggers BCH Volatility
- After the SEC approved the Ethereum ETF on May 23, Bitcoin Cash dropped 11% to a weekly low of $472 before rebounding 5% to $490 by Friday evening. This volatility is due to a "sell-the-news" reaction from swing traders & short-term investors.
BCH Price Action After Ethereum ETF Approval
- The "sell-the-news" strategy, where investors sell off holdings at the peak of bullish news to secure early profits, seemed to play out in the BCH market. After the Ethereum ETF approval, BCH prices plummeted 11% but quickly rebounded.
Whale Investors Boost BCH Holdings
- On-chain data shows that despite a sell-off by swing traders and retail investors, whale investors remained bullish. Santiment data reveals that wallets holding at least 1,000 BCH increased their holdings by 10,000 BCH to a total of 11.93 million BCH since May 20.
- At the current price of $496 per coin, BCH whales have invested approximately $5.2 million. Large whale purchases typically create bullish pressure by reducing market supply & boosting confidence in the asset's future performance.
BCH Price Forecast: Targeting $600
- Following a recent rebound, Bitcoin Cash seems poised to move toward $600, especially if whale buying continues to counteract swing trader selling. The Parabolic SAR indicator supports this bullish outlook, with SAR dots indicating strong support at $454, well below the current price of $493.
- However, BCH faces short-term resistance at $530. Breaking through this level could attract more buyers, potentially pushing the price toward the $600 target.
In summary, Bitcoin Cash's recent price movements, coupled with significant whale activity, indicate potential for further gains, especially if the buying trend continues & resistance at $530 is overcome.
Source - thecryptobasic.com
#CryptoNews🔒📰🚫 #BinanceSquareTalks
See original
Monthly trading volume on crypto exchanges exceeded $1 trillion
For the first time since September 2022, monthly trading volume on cryptocurrency exchanges exceeded $1 trillion.
The December figure is $1.1 trillion, according to The Block. A higher value was last recorded in May 2022 ($1.35 trillion).
Binance accounted for 39.3% of total trading volume ($432.7 billion) in December. Upbit’s figure is 8.3% ($91.8 billion), OKX’s is 8% ($87.5 billion).
#bitcoincash #Solana📈🚀🌐 #Ripple #BNBUSDT #Ethereum
$BTC $ETH $SOL
For the first time since September 2022, monthly trading volume on cryptocurrency exchanges exceeded $1 trillion.
The December figure is $1.1 trillion, according to The Block. A higher value was last recorded in May 2022 ($1.35 trillion).
Binance accounted for 39.3% of total trading volume ($432.7 billion) in December. Upbit’s figure is 8.3% ($91.8 billion), OKX’s is 8% ($87.5 billion).
#bitcoincash #Solana📈🚀🌐 #Ripple #BNBUSDT #Ethereum
$BTC $ETH $SOL
See original
Saylor began selling MicroStrategy shares to buy bitcoins
The executive chairman of the technology company MicroStrategy, Michael Saylor, began selling shares of his company to buy bitcoins
Saylor filed a filing with the U.S. Securities and Exchange Commission indicating his plans to divest 315,000 MicroStrategy shares valued at $215.8 million at current prices. On January 2, Michael made his first trade, selling 5,000 securities, and plans to sell all of his assets within four months.
Information on the sale of MicroStrategy shares by Saylor
#bitcoincash
$BTC
The executive chairman of the technology company MicroStrategy, Michael Saylor, began selling shares of his company to buy bitcoins
Saylor filed a filing with the U.S. Securities and Exchange Commission indicating his plans to divest 315,000 MicroStrategy shares valued at $215.8 million at current prices. On January 2, Michael made his first trade, selling 5,000 securities, and plans to sell all of his assets within four months.
Information on the sale of MicroStrategy shares by Saylor
#bitcoincash
$BTC
See original
Indian police warn about fraudulent sites masquerading as CoinDCX exchange
Delhi Police said it has received numerous complaints from affected users who invested in digital assets. For example, a 24-year-old Indian engineer claims to have started using one of these apps last month and invested about 14 lakh rupees (about $16,800). However, when he tried to withdraw the money, he was asked to transfer 4.65 lakh rupees ($5,500) as tax. Other victims had to pay much more.
According to the investigative report, no arrests have been made yet, but the name of the cryptocurrency exchange CoinDCX appears in the lawsuits. The management of this exchange stated that we are talking about fraudulent websites and applications that imitate the trading platform. However, a senior police officer said that CoinDCX has not yet filed a formal complaint.
#bitcoincash #etherium #BNB🔥 #Solana📈🚀🌐 #XRP/USDT
$BTC $ETH $BNB
Delhi Police said it has received numerous complaints from affected users who invested in digital assets. For example, a 24-year-old Indian engineer claims to have started using one of these apps last month and invested about 14 lakh rupees (about $16,800). However, when he tried to withdraw the money, he was asked to transfer 4.65 lakh rupees ($5,500) as tax. Other victims had to pay much more.
According to the investigative report, no arrests have been made yet, but the name of the cryptocurrency exchange CoinDCX appears in the lawsuits. The management of this exchange stated that we are talking about fraudulent websites and applications that imitate the trading platform. However, a senior police officer said that CoinDCX has not yet filed a formal complaint.
#bitcoincash #etherium #BNB🔥 #Solana📈🚀🌐 #XRP/USDT
$BTC $ETH $BNB
See original
Arthur Hayes predicted Bitcoin would fall below $40,000
The first cryptocurrency will fall below the $40,000 level, and the fall will continue until January 31, when the US Treasury announces its quarterly borrowing plan. This forecast was given by ex-CEO of BitMEX Arthur Hayes.
“Bitcoin looks crazy heavy,” he commented.
#btc- #Bitcoin. #bitcoincash #BTCUSD #BitcoinWorld
$BTC
The first cryptocurrency will fall below the $40,000 level, and the fall will continue until January 31, when the US Treasury announces its quarterly borrowing plan. This forecast was given by ex-CEO of BitMEX Arthur Hayes.
“Bitcoin looks crazy heavy,” he commented.
#btc- #Bitcoin. #bitcoincash #BTCUSD #BitcoinWorld
$BTC
See original
Analyst: Bitcoin futures point to bullish trend in spring 2024
Binance has a significant premium of over $2,000 on Bitcoin futures contracts expiring at the end of March. According to the analyst, this indicates the expectation of an increase in the price of Bitcoin this spring.
When futures contracts trade at a higher price than the spot price, it is called “contango.” This situation suggests that the market expects the price of the asset to increase before the expiration of the futures contract (in this case, March 29).
Ruslan Lienkha, head of markets at YouHodler, called the current contango a clear bullish indicator for Bitcoin:
#bitcoincash
$BTC
Binance has a significant premium of over $2,000 on Bitcoin futures contracts expiring at the end of March. According to the analyst, this indicates the expectation of an increase in the price of Bitcoin this spring.
When futures contracts trade at a higher price than the spot price, it is called “contango.” This situation suggests that the market expects the price of the asset to increase before the expiration of the futures contract (in this case, March 29).
Ruslan Lienkha, head of markets at YouHodler, called the current contango a clear bullish indicator for Bitcoin:
#bitcoincash
$BTC
See original
The date when the price of Bitcoin will overcome its historical maximum has been announced
Crypto expert Lai: Bitcoin price will soar to $100 thousand at the end of 2024
The cost of one bitcoin will overcome the historical maximum - $70 thousand - and reach $100 thousand at the end of 2024 - the first half of 2025. Lennix Lai, commercial director of the OKX crypto exchange, gave this forecast to Gazeta.Ru, commenting on the latest cryptocurrency highs.
“Like any other asset, Bitcoin does not have a clearly defined value limit - its rate is formed based on market conditions, the ratio of supply and demand, the interest of market participants in cryptocurrencies and under the influence of macroeconomic factors.
The current year 2024 is generally expected to be favorable for cryptocurrencies. The first growth factor is the approval of spot exchange-traded funds linked to the value of Bitcoin (Bitcoin ETF), which occurred in January,” the expert explained.
The second factor is the halving of miners (cryptocurrency miners), which will take place in April 2024.
#Bitcoin #BTC; #bitcoincash #BitcoinWorld #BTCUSD
$BTC
Crypto expert Lai: Bitcoin price will soar to $100 thousand at the end of 2024
The cost of one bitcoin will overcome the historical maximum - $70 thousand - and reach $100 thousand at the end of 2024 - the first half of 2025. Lennix Lai, commercial director of the OKX crypto exchange, gave this forecast to Gazeta.Ru, commenting on the latest cryptocurrency highs.
“Like any other asset, Bitcoin does not have a clearly defined value limit - its rate is formed based on market conditions, the ratio of supply and demand, the interest of market participants in cryptocurrencies and under the influence of macroeconomic factors.
The current year 2024 is generally expected to be favorable for cryptocurrencies. The first growth factor is the approval of spot exchange-traded funds linked to the value of Bitcoin (Bitcoin ETF), which occurred in January,” the expert explained.
The second factor is the halving of miners (cryptocurrency miners), which will take place in April 2024.
#Bitcoin #BTC; #bitcoincash #BitcoinWorld #BTCUSD
$BTC
See original
Analyst Pershikov named the conditions under which Bitcoin could soar to $60 thousand
Bitcoin continues to develop the upward trend formed in 2023 against the backdrop of a number of fundamental prerequisites. The latter, under certain conditions, can lead to its further growth at the level of 55-60 thousand dollars. cryptocurrency market analyst Viktor Pershikov spoke about this
#bitcoincash
$BTC
Bitcoin continues to develop the upward trend formed in 2023 against the backdrop of a number of fundamental prerequisites. The latter, under certain conditions, can lead to its further growth at the level of 55-60 thousand dollars. cryptocurrency market analyst Viktor Pershikov spoke about this
#bitcoincash
$BTC
See original
Bitcoin technical analysis: 15th anniversary celebration marred by market chaos
Today, the price of Bitcoin fluctuated between $41,804 and $45,813, with a market capitalization of $832 billion and a trading volume of approximately $35.96 billion.
Oscillators and moving averages hint at mixed sentiment: momentum and moving average convergence divergence (MACD) levels indicate bearish action, while we see strong bullish signal from exponential and simple moving averages, especially over longer periods (50, 100, and 200 days)
A study of the situation shows the neutral position of the Relative Strength Index (RSI), Stochastic Indicator, Commodity Channel Index (CCI), Average Directional Index and Wonder Oscillator. However, selling pressure is evident due to the negative momentum and MACD level. Moving averages are predominantly bullish, especially on longer time frames, indicating continued underlying optimism.
#bitcoincash
$BTC
Today, the price of Bitcoin fluctuated between $41,804 and $45,813, with a market capitalization of $832 billion and a trading volume of approximately $35.96 billion.
Oscillators and moving averages hint at mixed sentiment: momentum and moving average convergence divergence (MACD) levels indicate bearish action, while we see strong bullish signal from exponential and simple moving averages, especially over longer periods (50, 100, and 200 days)
A study of the situation shows the neutral position of the Relative Strength Index (RSI), Stochastic Indicator, Commodity Channel Index (CCI), Average Directional Index and Wonder Oscillator. However, selling pressure is evident due to the negative momentum and MACD level. Moving averages are predominantly bullish, especially on longer time frames, indicating continued underlying optimism.
#bitcoincash
$BTC
Notable Airdrops in History
Title: Top 5 Notable Crypto Airdrops in History
Airdrops have played a significant role in the cryptocurrency space. Here are five of the most notable airdrops in history:
Bitcoin Cash (BCH): In 2017, Bitcoin holders received Bitcoin Cash in a 1:1 ratio during the hard fork, giving many their first taste of airdrops.
Stellar Lumens (XLM): Stellar conducted multiple airdrops, including a massive one with Blockchain Wallet, distributing billions of XLM to users.
Uniswap (UNI): In 2020, Uniswap airdropped 400 UNI tokens to anyone who had used the platform, creating instant buzz and significant value for early adopters.
Ontology (ONT): Ontology rewarded NEO holders with free ONT tokens, leading to widespread interest in the project.
Decred (DCR): One of the earliest airdrops, Decred distributed tokens to BitcoinTalk forum users, helping to establish its initial community.
These airdrops not only rewarded participants but also helped to promote and grow these projects. Keep an eye out for future airdrops—you never know which ones might make history next!
#bitcoincash #dcr #uni #bch #airdropguide
Title: Top 5 Notable Crypto Airdrops in History
Airdrops have played a significant role in the cryptocurrency space. Here are five of the most notable airdrops in history:
Bitcoin Cash (BCH): In 2017, Bitcoin holders received Bitcoin Cash in a 1:1 ratio during the hard fork, giving many their first taste of airdrops.
Stellar Lumens (XLM): Stellar conducted multiple airdrops, including a massive one with Blockchain Wallet, distributing billions of XLM to users.
Uniswap (UNI): In 2020, Uniswap airdropped 400 UNI tokens to anyone who had used the platform, creating instant buzz and significant value for early adopters.
Ontology (ONT): Ontology rewarded NEO holders with free ONT tokens, leading to widespread interest in the project.
Decred (DCR): One of the earliest airdrops, Decred distributed tokens to BitcoinTalk forum users, helping to establish its initial community.
These airdrops not only rewarded participants but also helped to promote and grow these projects. Keep an eye out for future airdrops—you never know which ones might make history next!
#bitcoincash #dcr #uni #bch #airdropguide
Bitcoin Cash Eyes 28% Explosive Move🚀🚀
Bitcoin Cash poised for a major bullish move if resistance at $400 caves.
Bitcoin Cash starts the week on a bullish note, rising by a modest 0.8% to trade at $388. Based on the BCH price prediction looking at the technical structure and fundamentals, a major rally is on the horizon, likely to push the 16th-largest cryptocurrency to $515
FOLLOW us
Like & Share
comment
#Hotternds
Bitcoin Cash poised for a major bullish move if resistance at $400 caves.
Bitcoin Cash starts the week on a bullish note, rising by a modest 0.8% to trade at $388. Based on the BCH price prediction looking at the technical structure and fundamentals, a major rally is on the horizon, likely to push the 16th-largest cryptocurrency to $515
FOLLOW us
Like & Share
comment
#Hotternds
See original
Better Markets: Approving Spot Crypto ETFs Would Be a Huge Mistake
The letter was signed by Better Markets CEO Dennis M. Kelleher. In the document, Kelleher and Better Markets analysts write to SEC Secretary Vanessa Countryman and say that approval of spot cryptocurrency ETFs could lead to significant risks for investors.
Better Markets analysts believe that spot Bitcoin ETFs will expose investors to potential fraud, a problem that is intrinsically linked to the cryptocurrency industry. In addition, the approval of such funds will allow crypto firms to claim that cryptocurrencies are approved by the US government, Kelleher and company write.
At the same time, Bloomberg analysts believe that the approval of spot cryptocurrency ETFs in January is extremely likely, but there is still a small chance that the SEC will reject applications for such funds in order to gain additional time to develop legal regulations for cryptocurrency ETFs.
#bitcoincash
$BTC
The letter was signed by Better Markets CEO Dennis M. Kelleher. In the document, Kelleher and Better Markets analysts write to SEC Secretary Vanessa Countryman and say that approval of spot cryptocurrency ETFs could lead to significant risks for investors.
Better Markets analysts believe that spot Bitcoin ETFs will expose investors to potential fraud, a problem that is intrinsically linked to the cryptocurrency industry. In addition, the approval of such funds will allow crypto firms to claim that cryptocurrencies are approved by the US government, Kelleher and company write.
At the same time, Bloomberg analysts believe that the approval of spot cryptocurrency ETFs in January is extremely likely, but there is still a small chance that the SEC will reject applications for such funds in order to gain additional time to develop legal regulations for cryptocurrency ETFs.
#bitcoincash
$BTC
See original
Jamie Dimon: 'I don't want to talk about Bitcoin anymore'
“There are cryptocurrencies that can actually do something. And there’s one that doesn’t do anything,” says Jamie Dimon, speaking about Bitcoin.
When reminded that BlackRock CEO Larry Fink changed his mind about Bitcoin after his company moved into ETFs, Dimon responded: “I don’t care, so please stop talking about it.”
“I don’t know what he would say about blockchain and currencies that do something and Bitcoin that doesn’t do anything. People have opinions and this is the last time I express mine,” he said.
#BTC!💰 #BTCUSD #BTCtraders #BitcoinWorld #bitcoincash
$BTC
“There are cryptocurrencies that can actually do something. And there’s one that doesn’t do anything,” says Jamie Dimon, speaking about Bitcoin.
When reminded that BlackRock CEO Larry Fink changed his mind about Bitcoin after his company moved into ETFs, Dimon responded: “I don’t care, so please stop talking about it.”
“I don’t know what he would say about blockchain and currencies that do something and Bitcoin that doesn’t do anything. People have opinions and this is the last time I express mine,” he said.
#BTC!💰 #BTCUSD #BTCtraders #BitcoinWorld #bitcoincash
$BTC
See original
Bitcoin ETF Almost Approved, Says Analyst Glen Goodman
In a recent interview, analyst Glen Goodman, author of The Crypto Trader, discussed whether an exchange-traded fund (ETF) position in Bitcoin has been approved, and what could happen if the “unknown factor” Gary Gensler decides to delay it.
The market is eagerly awaiting the decision of the US Securities and Exchange Commission (SEC) on the approval of a Bitcoin ETF.
Speaking to Bloomberg, Goodman argued that almost everyone has accepted the idea that ETFs are inevitable.
“If we realize that the delay from the [SEC] is indefinite and not just 'we just want a few more last things done,' then that could be really bad.”
#bitcoincash
$BTC
In a recent interview, analyst Glen Goodman, author of The Crypto Trader, discussed whether an exchange-traded fund (ETF) position in Bitcoin has been approved, and what could happen if the “unknown factor” Gary Gensler decides to delay it.
The market is eagerly awaiting the decision of the US Securities and Exchange Commission (SEC) on the approval of a Bitcoin ETF.
Speaking to Bloomberg, Goodman argued that almost everyone has accepted the idea that ETFs are inevitable.
“If we realize that the delay from the [SEC] is indefinite and not just 'we just want a few more last things done,' then that could be really bad.”
#bitcoincash
$BTC
See original
Arthur Hayes: Bitcoin will start growing after March
Arthur Hayes believes that the price of the world's first cryptocurrency will decrease by at least 20-30% in March 2024 from whatever level it reaches by then. Reason: US monetary policy. BTC will return to growth immediately after March 20th. It is on this day that the US Federal Reserve System (FRS) will provide a forecast for changes in the key rate, which is currently being prepared by the Open Market Committee.
Therefore, the ex-businessman claims that he will not buy Bitcoin until March comes.
#bitcoincash
$BTC
Arthur Hayes believes that the price of the world's first cryptocurrency will decrease by at least 20-30% in March 2024 from whatever level it reaches by then. Reason: US monetary policy. BTC will return to growth immediately after March 20th. It is on this day that the US Federal Reserve System (FRS) will provide a forecast for changes in the key rate, which is currently being prepared by the Open Market Committee.
Therefore, the ex-businessman claims that he will not buy Bitcoin until March comes.
#bitcoincash
$BTC
See original
Since January 12, 50,100 BTC worth $2 billion have been withdrawn from the GBTC fund. What is the reason?
GBTC, recognized as a spot Bitcoin ETF, maintains a significant reserve of Bitcoin (BTC). Since converting to a public ETF, the trust has experienced significant outflows.
On Thursday, GBTC's holdings fell by 10,823.86 BTC, and after Friday's trading sessions, the fund recorded a further decline of 14,300.52 BTC. In total, since January 12, 2024, there has been an outflow of 50,106.59 BTC from the trust’s reserves, worth more than $2 billion.
Several factors are contributing to the intense sales of GBTC. GBTC shareholders were initially constrained in their actions as shares, initially trading at a premium to their net asset value, suddenly shifted to a discount. The discount appeared in February 2021 and remained almost until this year.
Long-term investors were likely biding their time until the opportunity to sell presented itself. Additionally, investors who assumed the discount would narrow and bought GBTC at a lower price can now sell their shares for a substantial profit.
#BTC!💰 #BTCUSD #BitcoinWorld #bitcoincash #BitcoinTrends
$BTC
GBTC, recognized as a spot Bitcoin ETF, maintains a significant reserve of Bitcoin (BTC). Since converting to a public ETF, the trust has experienced significant outflows.
On Thursday, GBTC's holdings fell by 10,823.86 BTC, and after Friday's trading sessions, the fund recorded a further decline of 14,300.52 BTC. In total, since January 12, 2024, there has been an outflow of 50,106.59 BTC from the trust’s reserves, worth more than $2 billion.
Several factors are contributing to the intense sales of GBTC. GBTC shareholders were initially constrained in their actions as shares, initially trading at a premium to their net asset value, suddenly shifted to a discount. The discount appeared in February 2021 and remained almost until this year.
Long-term investors were likely biding their time until the opportunity to sell presented itself. Additionally, investors who assumed the discount would narrow and bought GBTC at a lower price can now sell their shares for a substantial profit.
#BTC!💰 #BTCUSD #BitcoinWorld #bitcoincash #BitcoinTrends
$BTC
See original
BlackRock and Other Issuers Update Spot Bitcoin ETF Applications
Asset managers BlackRock, Grayscale, Fidelity, VanEck, Valkyrie, Hashdex, Franklin Templeton, Bitwise, WisdomTree, ARK Invest, 21Shares, Invesco and Galaxy have updated their Form 19b-4 applications to launch a spot Bitcoin ETF.
Stock exchanges filed amended Forms 19b-4 for filings by asset managers including BlackRock and Fidelity. This was the final step on the issuers' path to obtaining approval from the Securities and Exchange Commission.
So, to launch the products, asset managers now need to get approval for the amended documents and wait for the registration statements, called S-1s, or in the case of Grayscale Investments, S-3s, to become effective.
#bitcoincash
$BTC
Asset managers BlackRock, Grayscale, Fidelity, VanEck, Valkyrie, Hashdex, Franklin Templeton, Bitwise, WisdomTree, ARK Invest, 21Shares, Invesco and Galaxy have updated their Form 19b-4 applications to launch a spot Bitcoin ETF.
Stock exchanges filed amended Forms 19b-4 for filings by asset managers including BlackRock and Fidelity. This was the final step on the issuers' path to obtaining approval from the Securities and Exchange Commission.
So, to launch the products, asset managers now need to get approval for the amended documents and wait for the registration statements, called S-1s, or in the case of Grayscale Investments, S-3s, to become effective.
#bitcoincash
$BTC
Bitcoin Cash (BCH)
Issue Date and Issue Date Price
$240 (08/01/2017)
Price now $263.76 (02/26/2024)
All Time High-$4,355.62 (12/20/2017)
All Time Low-$$75.07 (12/15/2018)
Circulation Supply-19.65M BCH
Max Supply-21M BCH
Rank No.20 (The rating may change in the future)
Introduction
Bitcoin Cash (BCC)/BCH is a hard forked version of the original Bitcoin. It is similar to bitcoin with regards to its protocol; Proof of Work SHA-256 hashing, 21,000,000 supply, same block times and reward system. However, two main differences are the block size limits, as of August 2017 Bitcoin has a 1MB block size limit whereas (BCC)/BCH proposes 8MB blocks. Also, (BCC)/BCH will adjust the difficulty every 6 blocks as opposed to 2016 blocks as with Bitcoin.
Bitcoin Cash is a proposal from the via BTC mining pool and the Bitmain mining group to carry out a UAHF (User Activated Hard Fork) on August 1st 12:20 pm UTC. They rejected the agreed consensus (aka BIP-91 or SegWit2x) and have decided to fork the original Bitcoin blockchain and create this new version called “Bitcoin Cash”. Bitcoin Cash can be claimed by BTC owners who have their private keys or store their Bitcoins on a service that will split (BCC)/BCH for the customer.
specialty
Bitcoin Cash (BCH) is a cryptocurrency that originated from a hard fork of Bitcoin in 2017. Its primary aim was to address scalability issues faced by Bitcoin by increasing the block size limit, allowing for more transactions to be processed in each block. This was done to improve transaction speed and lower fees, making it more suitable for everyday transactions.
One of the specialties of Bitcoin Cash is its focus on being a peer-to-peer electronic cash system, emphasizing fast and cheap transactions. It aims to be a practical alternative to traditional fiat currencies for everyday transactions like buying goods and services. This focus sets it apart from Bitcoin, which has shifted more towards being a store of value akin to digital gold.
#Wrtite2Earn #TrendingTopic #TrendingToEarn #tradeNTill #bitcoincash
Issue Date and Issue Date Price
$240 (08/01/2017)
Price now $263.76 (02/26/2024)
All Time High-$4,355.62 (12/20/2017)
All Time Low-$$75.07 (12/15/2018)
Circulation Supply-19.65M BCH
Max Supply-21M BCH
Rank No.20 (The rating may change in the future)
Introduction
Bitcoin Cash (BCC)/BCH is a hard forked version of the original Bitcoin. It is similar to bitcoin with regards to its protocol; Proof of Work SHA-256 hashing, 21,000,000 supply, same block times and reward system. However, two main differences are the block size limits, as of August 2017 Bitcoin has a 1MB block size limit whereas (BCC)/BCH proposes 8MB blocks. Also, (BCC)/BCH will adjust the difficulty every 6 blocks as opposed to 2016 blocks as with Bitcoin.
Bitcoin Cash is a proposal from the via BTC mining pool and the Bitmain mining group to carry out a UAHF (User Activated Hard Fork) on August 1st 12:20 pm UTC. They rejected the agreed consensus (aka BIP-91 or SegWit2x) and have decided to fork the original Bitcoin blockchain and create this new version called “Bitcoin Cash”. Bitcoin Cash can be claimed by BTC owners who have their private keys or store their Bitcoins on a service that will split (BCC)/BCH for the customer.
specialty
Bitcoin Cash (BCH) is a cryptocurrency that originated from a hard fork of Bitcoin in 2017. Its primary aim was to address scalability issues faced by Bitcoin by increasing the block size limit, allowing for more transactions to be processed in each block. This was done to improve transaction speed and lower fees, making it more suitable for everyday transactions.
One of the specialties of Bitcoin Cash is its focus on being a peer-to-peer electronic cash system, emphasizing fast and cheap transactions. It aims to be a practical alternative to traditional fiat currencies for everyday transactions like buying goods and services. This focus sets it apart from Bitcoin, which has shifted more towards being a store of value akin to digital gold.
#Wrtite2Earn #TrendingTopic #TrendingToEarn #tradeNTill #bitcoincash
See original
The price of Bitcoin will definitely skyrocket as the first ETFs appear
The US Securities and Exchange Commission's (SEC) approval for the launch of spot Bitcoin exchange-traded funds (ETFs) will legitimize BTC as an asset class, experts say. And they admit that in January Bitcoin is quite capable of trading above $50,000. And the main drivers of growth, in addition to SEC approval, will be the shortage of BTC supply in the market and the spring halving.
Matrixport analysts recalled: the average return on investment in BTC in the years of past halvings (2020, 2016 and 2012) was 192%. Therefore, the price could reach $125,000 as early as July, experts repeat their bold forecast from the beginning of December.
#bitcoincash
$BTC
The US Securities and Exchange Commission's (SEC) approval for the launch of spot Bitcoin exchange-traded funds (ETFs) will legitimize BTC as an asset class, experts say. And they admit that in January Bitcoin is quite capable of trading above $50,000. And the main drivers of growth, in addition to SEC approval, will be the shortage of BTC supply in the market and the spring halving.
Matrixport analysts recalled: the average return on investment in BTC in the years of past halvings (2020, 2016 and 2012) was 192%. Therefore, the price could reach $125,000 as early as July, experts repeat their bold forecast from the beginning of December.
#bitcoincash
$BTC