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Bitcoin Cash gained over 30% in less than 24h

Huge price jump of one of the Bitcoin's hardfork brothers; what's the reasons?

10 November 2017 1168

Bitcoin Cash' price gained more than 30% in less than 24 hours. At the moment of press, 15 UTC, November 10, 2017, it's $829.10 with $13 822 501 360 marketcap and $3 104 290 000 24h volume.

Bitcoin Cash Price Chart

The rapid increase in the price of Bcash can be attributed to a number of factors, including the latest announcement of the founder of the Pirate Party, Rick Falkvinge, that he is redirecting all available resources to the BTH.

With recent developments, I'm putting all available dev resources to retool my software for #Bitcoin Cash. I suspect I'm far from alone.

— Rick Falkvinge (@Falkvinge) 9 ноября 2017 г.

Under the "latest developments" Rick Falquinge is referring to the statement of the supporters of SegWit2x about the refusal of the planned for the middle of November hardfork.

Another important reason for the increase in Bcash's price can also be considered the approaching hardfork of this network: as previously confirmed by the developers, it will happen on November 13. This fork is planned and is aimed at changing the existing consensus rules in the Bcash network.

We can not, however, exclude another version, which co-founder of Bitcoin.org Cobra recently expressed.

Bitcoin Cash is a parasite coin that aims to undermine and suck value out of Bitcoin. It’s not like other altcoins. We should be prepared for a BCH pump during fork which could have unpredictable effects on miner incentives and harm the true Bitcoin block chain.

— Cøbra (@CobraBitcoin) 8 ноября 2017 г.

Also, among the latest developments in the Bitcoin Cash ecosystem, we can point out the Bitcoin. com almost stopped BTC mining and now is focused on Bitcoin Cash. At the moment, the Bitcoin.com share in the total hashte Bitcoin Cash is about 18%.

Bitcoin Cash last blocks

ViaBTC, which owns one of the largest mining pool in the Bitcoin Cash ecosystem and the Exchange of the same name, circulated a statement that it is taking a community decision and disclaims the BCC ticker in favor of BCH.

Announcement on changing ticker of Bitcoin Cash from “BCC” to “BCH”https://t.co/8z193jOFPd

— ViaBTC (@ViaBTC) 10 ноября 2017 г.

In late October, the Bitcoin Investment Trust, announced the sale of 1,688,700 shares denominated in Bitcoin Cash and the further distribution of the funds received to the company's shareholders.

This news looks interesting on the background of Bitcoin price rapid fall.

Ethereum Ripple Bitcoin Cash Litecoin Blockchain

Dow Jones' MarketWatch to Track Additional 8 Cryptos

Now it also shows data on Ethereum, Ripple, Bitcoin Cash, Litecoin, Ethereum Classic, Monero, Dash and Zcash

25 April 2018 95

MarketWatch, the news department of the Dow Jones Media Group begun to track the market movements of eight new cryptocurrencies. This is reported by Coindesk.

The MarketWatch website tracks the bitcoin price from 2014, but from now on, users will also be offered data on Ethereum, Ripple, Bitcoin Cash, Litecoin, Ethereum Classic, Monero, Dash and Zcash.

The new service will publish real-time quotations of these coins against the US dollar and the euro, as well as historical trends in the price movement, using the data from the Kraken crypto exchange.

It's no doubt that our readers, as the world's savviest investors, have an eye on digital currency and we're happy to be expanding our real-time tracking of a total of 9 cryptocurrencies in both Euro's and USD, with Kraken's help.

Dan Shar

General Manager, MarketWatch

Last week, the financial news agency Dow Jones Media Group announced a partnership with the Brave startup. Within its framework, DJMG will test the possibilities of a blockbuster-developed platform for online advertising developed by a start-up, and will provide access to premium content of Barron's MarketWatch publications to about 2 million users of the Brave browser.