Bitcoin Cash going upwards

Bitcoin Cash saw a series of optimistic events and a notable rise within past week growing by almost 40%
07 November 2017   549

At the press time, Bitcoin Cash is on the 3rd place in the list of top cryptocurrencies with the highest market capitalisation. Bitcoin Cash currently follows Bitcoin and Ethereum having a $10 billion MarketCap, which is $3 billion more than it had only 6 days ago. During past week Bitcoin Cash was developing quite positively and eventually rose almost by 40% from $440 on November 1 to $620 on November 7.

Bitcoin Cash Charts November 2017 Bitcoin Cash Charts

On November 3 the cryptocurrencies market cap exceeded $200 billion and it was noticed that Bitcoin Cash rose by 87%. What is more, on November 1 Wikileaks Shop announced in twitter that it starts to accept Bitcoin Cash as a method of payment, notably rising awareness of the currency among users.

Also, Bitcoin Cash is in the centre of attention because its hard fork is due to come on November 13. According to Bitcoin entrepreneur Juan Garavaglia, Bitcoin Cash hard fork is only meant to upgrade the protocol.

It seems like the transformation and development of Bitcoin Cash as an independent cryptocurrency outside Bitcoin, lets it grow so fast. For instance, Bithumb, the second largest crypto exchange after Bitfinex, was making nearly $1 billion in Bitcoin Cash trades daily during the last month.

Bithumb Bitcoin Cash Graph November 2017Bithumb Bitcoin Cash Graph

Also, such a successful development of Bitcoin Cash may be linked to a fast-growing Bitcoin as any cryptocurrency directly connected with Bitcoin would benefit from the exposure of Bitcoin in media services and within financial industry.

Moreover, on November 6 the official account of Bitcoin Cash made an announcement that 21 of Los Angeles area bitcoin ATM locations of BitcoinPlug will be selling Bitcoin Cash from now on, which is also quite a positive piece of news.

Athena Bitcoin adds Bitcoin Cash to its ATMs

Athena Bitcoin adds support for Bitcoin Cash to their machines
19 February 2018   68

Rising interest in Bitcoin Cash has made a big impact on cryptocurrency market and service providers alike. The rising exchange rates and more widespread support on exchange platforms contributes to the fact. And this can;t be ignored by companies involved in Bitcoin ATM business. They wouldn't want to be left on the side in such a quick-rising market. So Athena Bitcoin took a logical step and added support for Bitcoin Cash to their ATMs.

In the case of Athena Bitcoin, it's an interesting step because of many reasons. The don't plan to drop Bitcoin anytime soon, so it's just an expansion of bases, rather than a complete turnover. Also added support will be interesting to statistics, because Athena's widespread coverage in several US states will allow to see, whether or not BCH is more popular than BTC in some states.

Bitcoin Cash support will also allow for BCH to fiat conversion with two-way machines available in Athena's network. Added competition doesn't thrill Bitcoin Core community, but BCH enthusiasts are quite happy with this situation.

So far Athena Bitcoin is one of the first providers to give such opportunity to the masses, so it would be interesting to see if other ATM networks will follow the example. Decisions like that are always more than a little controversial so we'll have to wait and see if it pays off.