Thursday, 13 December, 2018

Bitcoin Cash (CRYPTO:BCH) Hits Market Cap of $7.35 Billion

Bitcoin rout continues, following biggest dive in 8 months The crypto market's value fell by 15% in an hour
Jean Garcia | 18 November, 2018, 21:20

Bitcoin Cash ABC was up 4.3% to $260.74, the early gains providing much needed support to the broader market, as investors continue to monitor hash rates and which chain will come out ahead.

When measuring against BTC, BCH established a new low of 0.046 BTC on Bitstamp after the markets broke below resistance at 0.066 BTC.

Litecoin fell by just 0.48% on Saturday, following a 3.83% slide on Friday, to end the day at $41.54, the day's loss a 6 in the last 7-days.

Monero (XMR) is now at $87.82 against the Dollars, a -0.46 percent change in the last 24h.

It's the fault of the hard fork.

Solih sworn in as Maldives president, replacing pro-China leader
This is the first visit of Prime Minister Modi to Maldives and marks the beginning of a new chapter in Indo- Maldives relations. He said, India strongly desires to see a stable, democratic, prosperous and peaceful Republic of Maldives.

As of this writing, ETH is testing support at 0.0325 BTC, with the current price action appearing to follow roughly two months of sideways consolidation following May through July's heavy selling pressure.

NEO (NEO) traded down 2.5% against the dollar and now trades at $12.91 or 0.00229603 BTC.

When looking at XRP/BTC, the November 15 sell-off appears to have formed an inverse head & shoulder pattern on the hourly chart, priming the markets for the November 16 breakout that has driven the price of ripple up to test resistance at 0.000093 BTC in recent hours. The Bitcoin price of NEO is at 0.00227174 BTC.

The civil within the Bitcoin Cash community started like a minor disagreement. It launched on August 1st, 2017. 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. They rejected the agreed consensus (aka BIP-91 or SegWit2x) and have made a decision to fork the original Bitcoin blockchain and create this new version called "Bitcoin Cash". This would give the Bitcoin SV camp the power to manipulate blocks on the BCH network. In an attempt to defend itself in an official statement it said: "The final outcome of the BCH hard fork is still unpredictable, and so are the responses of other constituent exchanges to the new forked coins". During the last week, Bitcoin Cash SV [IOU] has traded 28% higher against the USA dollar.

Bitcoin Cash SV [IOU] can be traded on these cryptocurrency exchanges: Poloniex. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Bitcoin Cash SV [IOU] using one of the exchanges listed above.

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