RATE Group | Bitcoin Cash Surges 12% Prior to Hard Fork as Coinbase Reveals Support
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Bitcoin Cash Surges 12% Prior to Hard Fork as Coinbase Reveals Support

03 Nov Bitcoin Cash Surges 12% Prior to Hard Fork as Coinbase Reveals Support

Posted at 20:57h in Bitcoin News by

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bitcoin cash price



Over the last 24 hours, Bitcoin Cash (BCH) has increased by around 12 percent from $425 to $477 prior to its hard fork.

On November 2, CCN reported that Bitcoin.com and Binance decided to support the version of Bitcoin Cash set forth by ABC, the original developers of the BCH software that forked the Bitcoin blockchain network last year.

Upon the announcement of Bitcoin.com and Binance, the price of Bitcoin Cash increased from $425 to $460, briefly reaching $470. Since then, the price of BCH has risen from $460 to $477, with strong momentum and volume

The volume of BCH, which remained below $200 million behind ripple (XRP) throughout the past two weeks, has increased to $471 million, nearly doubling the volume of XRP.

Why Has BCH Started to Surge Again?

bitcoin cash price
BCH/USD | Coinbase

On November 3, Coinbase released a statement to its investor disclosing its support for the original roadmap of Bitcoin Cash from bitcoincash.org. Throughout the next two weeks,…

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