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   752

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
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.

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.

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
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.

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.

KeepKey Wallet Adds Support for Bitcoin Cash

Bitcoin Cash is being endorsed by more and more projects, including the hardware wallet KeepKey which announced listing BCH among the supported currencies 
19 January   282

KeepKey is a hardware wallet that works with the wallet software on the user's computer by taking over the management of private key generation, private key storage, and transaction signing.

On January 16 KeepKey announced its official support for Bitcoin Cash cryptocurrency in the KeepKey client, and stated that the latest production client version is v4.5.12. KeepKey is already supporting Bitcoin, Ethereum, Litecoin, Dogecoin, Dash and Namecoin.

At the moment of press, these are main market parameters of Bitcoin Cash:

  • Average price: $1 818,45
  • Marketcap: $30 767 651 196
  • 24h volume: $977 658 000