The range of Bitcoin cash has been successfully introduced on August 1, triggering a blockchain bsplit. The new coin started with the fourth place in the total market, but the current price of Bitcoin climbed high enough to cheat the third largest room in Ripple. Price Bitcoin has seen little movement after the fork, so putting on Bitcoin cash has increased the overall ceiling on the cryptocurrency market.
On August 1, the total value of all cryptocurrency was about $9.1 billion. After the creation of pieces of the species, Bitcoin cash coin crypto market was immediately raised to $99 billion, the highest rating since July of the first week. The current price of Bitcoin climbed the entire day, which helped to raise the entire crytocurrency market at the threshold of $100 billion. It remains to be seen whether the market supports this capital inflow or it gradually returns to pre-market levels.
Bitcoin Cash Price Soars 88%
Bitcoin cash survived his first day of exchange, avoiding the potentially catastrophic rapid winding-up. Immediately after the fork, the current price of Bitcoin went from $400 to $200, but it's constantly back all day. On August 2, Bitcoin's spot price has risen to $757, though it has fallen afterwards. Currently, Bitcoin's spot price is $678, rising 89% within 24 hours. Bitcoin cash is currently on the market for a cap of over $11 billion, ranking 3rd in the market share of the convenient graduation Ripple.
It might take awhile for the markets to sort out bitcoin cash’s true value. It seems that most casual bitcoin holders are unfamiliar with bitcoin cash or are yet to claim their coins. Expect bitcoin cash to experience price swings far more volatile than those normally seen by upper-echelon coins.
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What BCC true value is will indeed take a while to figure out. Exchanges trading it have very different values.
I believe Bittrex has the highest volume at the moment and the most options allowing BTC-BCC, ETH-BCC and BCC- USDT.
Alt coins with ETH trades are probably worth keeping an eye on closely. Any volatility on BTC and BCC prices might see them with increased activity.
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Great article!
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