Why Did Bitcoin Cash Fell In Price By 50%?

19 November, 2018, 14:06 | Author: Regina Silva
  • Crypto-currency mining

Its total market cap now stands at $98.3 billion. During the launch of Bitcoin Cash chain past year, at one stage we witnessed nearly 50% of BTC miners direct hash power toward the BCH chain.

Stellar (XLM) traded 4.4% higher against the dollar and now trades at $0.25 or 0.00004515 BTC.

TRON (TRX) traded up 0.7% against the dollar and now trades at $0.0189 or 0.00000337 BTC.

Namecoin (NMC) traded up 2.5% against the dollar and now trades at $0.49 or 0.00008767 BTC.

XRP (XRP) traded 7.6% higher against the dollar and now trades at $0.52 or 0.00009226 BTC.

Crown (CRW) traded down 5.2% against the dollar and now trades at $0.28 or 0.00005054 BTC.

ATBCoin (ATB) traded down 1.9% against the dollar and now trades at $0.0191 or 0.00000301 BTC.

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Bean Cash (BITB) traded up 0.6% against the dollar and now trades at $0.0018 or 0.00000032 BTC.

IOStoken (IOST) traded down 0.3% against the dollar and now trades at $0.0396 or 0.00000526 BTC.

We now see around 4.4 exahashes per second of hashrate on the Bitcoin Cash network, this compares to more than 50 exahashes per second of hashrate on the BTC chain.

Bitcoin Cash SV [IOU]'s official website is bitcoinsv.io.

For the day ahead, holding above $5,670 through the morning would support a second run at $5,700 levels and the day's second major resistance level at $5,712.3 later in the day, though for Bitcoin to have a chance of a breakout, hash rate support will be needed and Bitcoin Cash ABC will need to be garnering the majority of the Bitcoin Cash hash rate through the day. "It would be highly surprising if we don't launch an exchange". Bitcoin Cash's total supply is 17,463,813 coins. Investors seeking to trade Bitcoin Cash using United States dollars directly can do so using GDAX, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Bitcoin Cash ABC [IOU] using one of the aforementioned exchanges.

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