Bitcoin Cash jumps 10% as crypto market sees positive spike

Bitcoin Cash jumps 10% as crypto market sees positive spike

The cryptocurrency market had a generally positive Wednesday with most currencies in the green, but the biggest mover by far was Bitcoin Cash (BCH), which jumped considerably to almost $1,500 over the past 24 hours before settling at the $1,450-$1,470 mark.

As already indicated in previous news articles, BCH is fast becoming the currency of choice for fast transactions and more payment providers are taking on the cryptocurrency, thus increasing its popularity.

Another positive mover which saw a significant increase in price was Ethereum, which finally breached the $700 mark and sailed beyond that psychologically important level to trade at around $720 at press time. The news that Ethereum has finally deemed not to be a security has perhaps given the currency a boost, with trading volumes spiking sharply in the past few hours.

BTC saw a consolidation at around the $9,200 mark, but the price could start pushing upwards in the next 24-28 hours as more trading volume enters the market. Ripple also consolidated at the $0.83-0.85 level but there seemed to be little appetite for a push forward in that direction with the fabled $1 mark still far away. Litecoin saw a push beyond the $150 mark, but volumes were quite low and it appeared that it will take some time for the currency to start moving forward beyond the $160 mark and towards the $200 level. However as with Ripple and BCH, there is a constant stream of news regarding agreements signed for Litecoin, which can have a positive effect on the price on a long-term basis.

Of the currencies with smaller market cap, EOS continued losing most of the big gains which it had achieved last week and was trading at around $17 at press time—a loss of 8% although this appears to be a good entry position for new investors. Stellar seemed to be consolidating at the $0.45 mark with very little movement up or down, whilst Dash has also consolidated but at around the $480 mark with a push beyond the $500 level expected very soon as trading volumes and interest in the currency continue to increase. Ethereum Classic appeared to be preparing for a move towards the $30 level, although it’s still trading at the $22 mark but with quite strong volumes at that price. NEO recouped some of this week’s slump after Sunday’s bull run and was trading in the mid $80s at press time.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Bitcoin Cash recovers as crypto market trades sideways

Bitcoin Cash recovers as crypto market trades sideways

The cryptocurrency market continued to trade sideways on Wednesday after dropping slightly in the past 48 hours. After a day of trading below the $9,000 mark, BTC regained the $9,100 mark on Wednesday morning although trading volumes remained slightly low.

Bitcoin Cash retraced slightly from its intra week highs on Tuesday; however, it was recovering well on Wednesday to trade above the $1,300 mark and was well on course to reach the $1,400 mark if a sustained rally takes place over the next few days. There has been a consistent spread of good news for this currency as it continues to be involved in payment agreements and other news that is generally positive.

The third largest currency by market cap, Ripple, also had a generally positive 24 hours, regaining the $0.80 mark with ease to trade at around $0.84 on Wednesday morning. Ripple also continued to be in the news with more banks and companies adopting the technology, so it must only be a matter of time before a jump in price is seen. Another larger market cap currency, Litecoin, appeared to be on a slight recovery as it was once again flirting with the $150 mark on Wednesday morning after having dropped in the low $140’s over the past days.

Ethereum remained relatively stable and was once again close to the $680 mark in the past hours after having dropped as low as $650 on Tuesday, when the market correction took place. The currency’s founder Vitalik Buterin seems to be in the news constantly nowadays and that can only have an effect on the currency’s short- to medium-term prospects as it continues to garner exposure. Ethereum Classic held on to the small gains it registered on Wednesday and was looking to breach the $22 mark if a rally takes place.

Currencies with smaller market caps had a slightly mixed day overall. XLM was up by around 4%, only to fall back in the past hours but is holding well at the $0.43 mark. EOS seems to have stabilized at the $18-19 mark after the steep rises of last week, whilst Dash is also stable in the $450-480 range. Other currencies such as TRON and VERGE had a mixed day with the former losing some of its steep gains achieved last week and the latter shooting up on high turnover.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Markets slump again as BTC drops below $9

Markets slump again as BTC drops below $9,000

After a relatively quiet morning in which only EOS experienced steep losses, the cryptocurrency markets experienced a considerable downturn on Monday evening and Tuesday morning. All major currencies were down with BTC experiencing another drop to below the $9,000 mark after having briefly flirted with $9,500 over the weekend. This had a corresponding negative effect on all major cryptocurrencies, which experienced drops in the values by around 5-10% in some cases.

Bitcoin Cash was down by around 6% after having superseded the $1,400 mark on Monday—it fell to below the $1,300 mark on Tuesday morning and was looking to drop deeper as selling pressure took hold. Ethereum also experienced a slight loss although this was not very marked and was trading at around $650 on Tuesday morning, with those levels appeared to be well supported. Its sister currency Ethereum Classic was also slightly down but had recovered considerably from its earlier lows in the past days, so was still well supported at the $21 mark.

Ripple had another disappointing day and lost the psychologically significant $0.80 level by dropping below that slightly to $0.79. The cryptocurrency had been playing around at the mid $0.85-0.90 levels, but Monday evening saw a steep drop of over 6% which was above the market movement. There appears to be good support in the $0.70-0.75 levels however, so there should not be cause for panic on investor’s part. Litecoin dipped well below the $150 mark on low volumes and there appears to be little appetite for a push in this currency at least for this week.

Of the currencies with smaller market caps, it was a mixed bag. EOS lost most of the gains it made over the weekend, dipping by around 16% as selling pressure took place although that was anticipated. NEO also lost some of the gains it made on Sunday and was down by about 10% overall at around $80. Stellar Lumens was perhaps the currency which held its own the best, with only a 3% drop and was trading at $0.42 at press time. Dash appeared to be losing support at the $480-490 level and was down by around 5% overall trading at $450 with a push towards the $50 mark appearing rather remote, at least for the next 24-48 hours.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Europe’s new tech ‘unicorn’ Revolut adds support for Bitcoin Cash

Europe’s new tech ‘unicorn’ Revolut adds support for Bitcoin Cash, Ripple

London-based alternative banking app Revolut’s plans to move forward in the cryptocurrency got a major boost, after the European company announced that it has secured a major injection of capital. With the new funding, Revolut said it will expand into other markets and introduce trading in Bitcoin Cash (BCH) and Ripple (XRP) on its cryptocurrency platform.

In a blog post, Revolut said it has raised a Series C investment round of $250 million, putting the company’s total valuation at $1.7 billion. This, according to the company, makes Revolut “one of the fastest companies in Europe to reach unicorn status.”

Revolut’s latest funding round was led by the Hong Kong-based DST Global, with Index Ventures and Ribbit Capital also taking part. This is incredible growth for the startup that was founded in July 2015, offering services such as prepaid debit cards (VISA or Mastercard), a fiat currency exchange, peer-to-peer payments, personal loans, remittances, travel insurance as well as international money transfers.

Revolut celebrated its new financing by adding support to two new cryptucrrencies on its Revolut Crypto platform: Bitcoin Cash and XRP.

“We’re extremely proud to announce that we will be adding Ripple (XRP) and Bitcoin Cash (BCH), alongside the current Bitcoin (BTC), Litecoin (LTC) and Ether (ETH),” the company said in a statement.

With fresh funding on hand, Revolut is also looking at expanding its workforce considerably over the next few months. The London startup is embarking on a hiring spree for developers and designers to help its plan “to scale the company globally.” Revolut plans to launch in the United States, Canada, Singapore, Hong Kong, Australia, and New Zealand this year.

At the moment, there are over 100,000 people who have signed up to Revolut’s waiting list, the company stated. The startup also has plans to add a new securities investment-based service in the pipeline.

“Revolut Wealth will be our next milestone, as we expand our services to allow our users to invest their funds into stocks, indexes and exchange traded funds (ETFs), alongside a variety of other financial instruments,” according to the company.

Note: Tokens on the Bitcoin Core (segwit) Chain are referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Bitcoin Cash pushes for $1

Bitcoin Cash pushes for $1,400 as crypto market continues muted recovery

The cryptocurrency market continued a steady recovery, with almost all currencies rising slightly in the past 24 hours. Stellar headlined the march forward, increasing by as much as 10% overnight. BTC also finally shrugged off the foibles of dropping below the $9,000 mark when it rose to around $9,200 at press time.

Bitcoin Cash consolidated above the $1,300 mark and was trading at around $1,380 at press time—it was looking to breach that mark and regain traction for a push to the $1,400 mark. Lots of good news for the currency continued to push interest in the coin as several exchanges introduced trading pairs for Bitcoin Cash in their portfolios.

Ethereum also continued a steady recovery with a rise to the $650 mark and it looks strong enough to reach the $700 mark again, a figure breached also on Tuesday but was surrendered during Wednesday’s drop. It’s sister currency Ethereum Classic also had  strong showing over the past four hours, rising by around 8% to breach the $20 mark and looks poised to make considerable gains over the next few hours.

Ripple recouped most of Thursday’s losses and was trading at around $0.84 at press time with a minimal 1% increase over the past few hours. However, the cryptocurrency appears to have considerable turnover behind its back and another forage forward to the $1 mark would not be untoward as trading continues throughout the day. Litecoin also began recovering some of its losses over the past days and breached the $150 barrier with relative ease.

Of the currencies with smaller market caps, EOS continued to perform strongly and was trading well over the $15 barrier to consolidate the gains it made over the past few days. Dash appeared poised to regain the $500 barrier yet again, whilst NEO was the only sluggish currency amongst the top 10 appearing quite stuck in the early $70s levels. However, interest in this crypto remains strong and another push towards the $80 mark and beyond would not be unexpected at this stage.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Bitcoin Cash maintains $1

Bitcoin Cash maintains $1,300 level amid mid-week market slump

The cryptocurrency market continued its mid-week slump, which started early on Wednesday morning after BTC dropped from a monthly high of $9,800 to below the $9,000 mark in just a few hours. That big crash dragged almost all major coins down with most dropping steeply and with double digit losses for the day. The market cap also dropping from almost $450 billion to below the $400 billion mark.

Bitcoin Cash retreated considerably although it was trading above the $1,300 mark at press time. This is still well over 120% up from its intra month low of around $600. Ripple also suffered a big decline over the past 24 hours, trading at below the $0.80 mark after having climbed to the $0.95 region on Tuesday and was thought to start attacking the $1 mark soon. Another currency that suffered a considerable drop was Ethereum, which had easily surpassed the $700 mark on Tuesday only to fall to the $630 mark even dropping below the $600 level at one point, although there was eventually a slight recovery in the price. Ethereum Classic also had a bad day, dropping over 20% overall after having flirted with the $22 mark. It is now trading at the $18.50 mark with a modest recovery expected in the next few days as it consolidates around that level.

Litecoin also lost the momentum it had gained on Tuesday and was trading at around $145 at press time, although there appeared to be strong support at the $140 level. The same could be said for Dash, which lost the $500 mark it had gained in the early part of the week and was trading at the $460 level at press time.

Of the currencies with smaller market caps, Stellar was the only bright spark for Thursday morning rising to the $0.39 mark again after having lost a whopping 20% on Wednesday and looked well poised to begin breaking the $0.40 mark yet again. NEO retreated by around 15% overall to the low $70’s level while EOS looked to have consolidated its level of around $14 with another push towards the $16 mark not out of the question. The latter currency was the only one not to drop considerably over the Wednesday crash and held on to most of its astonishing gains registered on Tuesday.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Bitcoin Cash holds on to its gains as crypto market recovery stalls

Bitcoin Cash holds on to its gains as crypto market recovery stalls

The cryptocurrency market experienced a slight correction on Wednesday morning from the dizzying highs experienced earlier in the week. BTC traded around $9,800 on Tuesday night, but eventually dropped to the $9,200 mark before recovering slightly to around $9,400 with selling pressure at that level.

Bitcoin Cash saw a slight retracement from Tuesday, dropping by around 8% to trade at $1,350 at press time but still held on to most of its gains over the past few days. The drop was probably due to investors cashing in on some short-term profits after the dizzying rise of 160% since April 1—a record in cryptocurrency price movements. With a lot of good news coming from the mining front and a hard fork expected in mid-May, Bitcoin Cash is expected to rise much further over the coming days.

Ripple also saw a retracement of around 10% to the $0.87 mark at press time having reached the $0.96 mark on Tuesday, which, again, could be attributable to selling pressure. After a meteoric rise over the past 48 hours where it even touched the $700 mark, Ethereum also retraced by around 10% to touch the $650 mark, although it was in recovery mode at press time trading at around $670 and well on its way to regain the $700 level. Litecoin was also down by around 5% to trade in the mid $150’s although the drop was not as steep in this coin. Ethereum Classic had advanced considerably on Tuesday to trade at the $22 mark but retraced again to the $20 level with major support at that level.

Of the currencies with smaller market caps, an almost identical pattern was to be seen. Stellar dropped by around 11% to trade at $0.37 after having been well over the $0.40 mark on Tuesday. NEO also saw a considerable retracement of around 8% to trade in the mid $70’s again after having reached the $83 mark on Tuesday. Dash also dropped by 8% after having been well over the $500 mark on Tuesday to just under that level although it could easily bounce back in this bull market. EOS retraced slightly from its dizzying 35% rise on Tuesday but was only down by around 5% and was consolidating at the $14.50-$15 level.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Ethereum

Ethereum, Ripple tokens could be securities, says former CFTC head

Two of the world’s largest cryptocurrencies could, in fact, be securities, according to the former chief of the U.S. Commodity Futures Trading Commission (CFTC).

Major cryptocurrencies like Ether (ETH) and Ripple (XRP) still operate in a largely unregulated environment, and according to former CFTC chairman Gary Gensler, they could yet still run into difficulties with U.S. regulators.

The comments are significant since securities are regulated in the U.S., as with most developed economies worldwide.

In comments delivered at an MIT blockchain event, Gensler confirmed his personal view that ETH and in particular Ripple’s XRP token, should be classified as securities. Citing the Howey Test, which can be used to decide when an investment is a security, Gensler told delegates that both Ethereum and Ripple tokens could be “operating outside of U.S. laws.”

Classification as a security brings a new level of scrutiny for any financial instrument, with specific regulation under the watch of the Securities and Exchange Commission a legal requirement before any security can be sold.

The specific features of ETH and XRP, including the fact they were launched via initial coin offerings (ICOs), means they fall within the parameters of the Howey Test, and should be regulated as securities, according to Gensler’s argument.

However, he highlighted that Bitcoin (BCH) would not be classed as a security on the same basis, because it was not launched with an ICO.

If the comments give any insight into the attitude of U.S. regulators, there could well be ramifications for those crypto tokens legally deemed to be securities, with severe penalties for those responsible for any breach in securities laws.

In response, a statement from Ripple dismissed the idea that their token should be regulated as a form of security.

In an email to Bloomberg, the Ripple spokesperson said the company doesn’t believe XRP should be classified as security since it “does not give its owners an interest or stake in Ripple and they are not paid dividends.”

“XRP exists independent of Ripple, was created before the company and will exist after it. Ripple has always promoted XRP as a useful digital asset for enterprise payments because it’s faster, more scalable and more inexpensive than other digital assets. That utility exists completely separate from Ripple,” according to Ripple’s statement.

The Ethereum Foundation has yet to respond to Gensler’s statement.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Bitcoin Cash jumps 120% in April to breach $1

Bitcoin Cash jumps 120% in April to breach $1,500

The cryptocurrency market rallied on, with all major cryptocurrencies rising considerably and reaching new monthly highs at regular intervals on Tuesday. In fact, the whole cryptocurrency market is now worth well over $400 billion and looks to be making a push towards the $500 billion mark pretty soon—a milestone that should see more institutional investors start coming slowly into the market accordingly.

Although BTC finally made a long-awaited push and breached the $9,000 mark to settle at around $9,200 at press time, the real star mover of the day was once Bitcoin Cash, which breached the psychologically significant $1,500 level to trade at around $,1520 at press time. This is an incredible 120% rise since April 10, when BCH was trading at just over $600. Another mover on Monday was Ethereum, which rose to well over $650 again and was trading at around $680 at press time. Its sister currency Ethereum Classic was also well up and trading at around $21 at press time—it appears to be close to achieving the levels it was at in February and may perhaps attack the $30 mark sometime soon.

Of the currencies with larger market cap, Ripple also saw a considerable push forward and crossed the $0.90 mark with ease, sailing through the $0.91 level and looking to make a drive towards the $1 mark in the next 24-28 hours. Volume has increased quite substantially with the major cryptocurrencies and this means that they can sustain rallies which push the price considerably upwards. Litecoin also breached a psychologically significant value of $160 and looks to begin testing the $200 mark perhaps in the coming days as good news continues to increase accordingly with regards to the coin’s operations.

Of the currencies with a smaller market cap, Stellar Lumens is poised to move over the $0.40 mark since it is currently trading at around the $0.395 region with a 5% increase overall. NEO was also strongly bullish over the past few hours and is now trading at well over $80—it seems that the days of its lows of around $46 are well and truly behind it. Dash continued to consolidate above the $500 level and is currently trading at $530, with a push towards the $600 mark not out of this world. All in all it seems that the crypto market is in strong recovery mode and by the end of April it looks like almost half the losses of the previous three months should be recouped.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Bitcoin Cash outperforms the crypto market with over 20% growth

Bitcoin Cash outperforms the crypto market with over 20% growth

The cryptocurrency market maintained its solid gains over the weekend although there was a slight retrenchment in some coins, with BTC coin still failing to surpass the $9,000 mark and settling between the $8,800 and the $8,960 region.

The star performer over the weekend was Bitcoin Cash, which saw a humongous increase of well over 20% to add to the 40% recorded in the past week to reach the $1,350 level—an astonishing gain that confirms the strength of interest in the currency as it looks to lead the market. Bitcoin Cash has already surpassed the $1,400 at press time.

Ethereum also had a relatively good few days consolidating at the $630 level, and it looks well poised to begin testing the $650 level this week after several slight movements between the $590 and $620 range. Ethereum Classic also performed well, and, at press time, it was trading at around $19.50 looking to begin testing the $20 mark for a further push to interesting new levels very shortly. This is in stark contrast to the performance of the currency over the past few weeks where it even dropped to $13 at one point—a full 40% increase in a matter of days.

Of the currencies with larger market caps, Ripple had a bit of a mixed weekend although it did soar to well over the $0.90 mark at one point on Sunday only to retract slightly to the $0.86 mark at press time. However, volumes have continued to increase and with a lot of good news about the potential of the currency, the barrier of $1 has to be tested very shortly—possibly in the next few hours. Litecoin remained relatively static and seems to be consolidating at the $150 mark. In fact, the currency moved slightly from $140 to $147, settling at those levels around press time with volumes quite strong too. News about its transaction speeds can only provide further interest in the currency and a strong rise is also expected in the not too distant future.

Of the currencies with smaller market caps, Stellar had another brilliant weekend reaching the $0.39 mark and it is now almost at the levels of mid-February, although it still has some time to go before it reaches its all-time high of $0.90 achieved in December. Neo also moved forward consistently but seems to be stuck in the mid $70s level although a further push towards $80 and beyond is not unexpected. Dash remains a sleeping giant and at press time was trading at around $470 with another push towards the $500 mark expected in the coming hours.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Crypto market recovery continues as Bitcoin Cash tests $1

Crypto market recovery continues as Bitcoin Cash tests $1,000 mark

The cryptocurrency market continued its solid recovery on Thursday, with several currencies posting strong recoveries with a few notable exceptions where the price rose exponentially to new monthly highs.

Bitcoin Cash continued to perform exceptionally well, shooting up to $960 level and getting ready to test the $1,000 mark anytime soon. This could be largely due to the extremely positive comments from several large investors who are betting on the cryptocurrency to continue climbing. It is still some way away from its all-time high of $4,000 established in December, but it has gained well over 40% in just a few days so the momentum appears to be there. Bitcoin Cash is trading at $980 level at press time.

Ripple (XRP) also rose by around 10% to regain the $0.80 mark, a level not seen since early March and which continued to confirm the strength of this innovative crypto currency. Analysts have observed that Ripple might be ready for a bull run where the value reaches $1 in a short period of time and then eventually shoots upwards with lots of positive buzz surrounding the currency

Meanwhile, SegWit-Coin BTC (also referred to as Bitcoin legacy or Core) had a rather staid day and appears to be stuck between the $8,150 and the $8,300 mark with very little movement either way although at least some consistency is observed. Analysts have observed that a breakout could be possible and it could test the $9,000 mark at some point, although volumes do not support that theory just yet. Ethereum continued its slow but steady climb to the $600 mark and was trading at around $560 on Friday morning, whilst its sister currency, Ethereum Classic, also had a relatively good day when it climbed to the $18 level in quite a short space of time looking to test the $20 mark from where a bull run might be expected.

Of the currencies with smaller market cap, Stellar had a somewhat quiet day although it maintained the $0.38 level easily and might be poised for a testing of the $0.40 level, a price not seen since February. NEO was also in somewhat neutral territory but again easily maintained its previous level of around $75 with a push towards $80 not untoward. Dash also remained well over the $420 mark and looks to begin testing the $450 level very soon. Perhaps the slowest mover was Litecoin but its price level of $145-147 could indicate that it was well poised to begin attacking the $150 level.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.
Bitcoin Cash closes in on $900 as crypto market roars ahead

Bitcoin Cash closes in on $900 as crypto market roars ahead

All major cryptocurrencies had an excellent day on Thursday against the U.S. dollar, with almost every single one of the top 10 coins seeing double digit rises. Leading the pack was Bitcoin Cash which roared ahead to $880—a whopping 23% increase over less than 24 hours, and a clear indication that this currency is back to the bull phase as we previously predicted.

SegWit-Coin BTC (also referred to as Bitcoin legacy or Core) was more or less static, although at one point it dipped again below the $8,000 mark but recovered during the day to trade between the $8,050-$8,200 range—significantly lower in terms of increases when compared to other currencies. In a week, the total market cap of cryptocurrencies has advanced by more than $100 billion overall with most coins enjoying considerable increases of up to 70% in some cases.

The other star in the firmament was the appropriately titled Stellar Lumens, which also saw a considerable increase of around 18% to reach the $0.38 level. This is more than double the price Stellar was trading at just a week ago, and those who got on to the train at low prices must be extremely satisfied with themselves since they are enjoying gains of over 100%. Another cryptocurrency that saw a considerable increase was Dash, whose price rose by 12% to well over the $410 mark. It appears that this crypto is preparing for another bull run although it remains to be seen whether it can approach the fable $1,500 mark it reached in December.

Ripple also had an excellent day and soared to well over the $0.72 mark with a 10% increase, whilst Litecoin finally crossed the $140 threshold after a day of teetering on the brink of that level. Both of these coins should see considerable increases in the near future as their graphs are well positioned for another move upwards.

Ethereum saw a steady increase of around 5% to the $530 mark and it appears that the line of next resistance is the $550 mark from where another considerable increase should be seen. Ethereum Classic also performed well, rising by around 10% to begin flirting with the $18 mark and corresponding price rises are expected in the coming days. Of the currencies with smaller market caps, NEO also soared and was trading at around $74, which is an increase of around 11% after having lagged slightly behind in the previous weeks.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.