RATE Group | Looming Fork Pushed Bitcoin Cash Up Almost 40% Over The Weekend — Here’s Why
47975
post-template-default,single,single-post,postid-47975,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Looming Fork Pushed Bitcoin Cash Up Almost 40% Over The Weekend — Here’s Why

05 Nov Looming Fork Pushed Bitcoin Cash Up Almost 40% Over The Weekend — Here’s Why

Posted at 08:32h in Bitcoin News by

[ad_1]

Bitcoin cash, the fork of bitcoin created by a schism over block size last year, is about to fork again and prices have risen sharply as a result — moving the wider altcoin market higher.

Bitcoin cash, which has struggled against slumping value and waning volumes since it was created in August last year, added a whopping 37% to its price between Friday evening and Sunday afternoon before falling back. The bitcoin cash price is currently around $550, up from lows of $415 last week.

Bitcoin and other major cryptocurrencies have tended to surge in price ahead of hard forks (which result in the creation of a second chain and token) as investors of the original chain are rewarded with the newly created cryptocurrency based on a 1:1 ratio.

The bitcoin.com website is run by Roger Ver, a proponent of bitcoin cash. Photo: Ina Fassbender/picture alliance via Getty…

[ad_2]

Source link

Tags:
, , , , , , ,