BITCOIN CASH EXCEEDS $ 1,500 - MAIN DEVELOPER ANNOUNCES DEATH OF BITCOIN

The Bitcoin Cash (BCH) is experiencing a new upward period, while the main developer of the project has declared the death of Bitcoin (BTC).

Again above 1500 dollars

The price of Bitcoin Cash (BCH), which is a "fork" of Bitcoin, rose in less than a week from 865 to more than $ 1,500, an increase of 73%.

Bitcoin Cash quickly recovered color after a recent drop to $ 865 late last week. Its price had risen to nearly $ 1,400 last Saturday, to see a second uptrend from Wednesday.

And if this increase is significant, the volumes traded are just as much, since they have exceeded $ 3.5 billion over the last 24 hours.

We note that Bithumb alone accounts for nearly 43% of Bitcoin Cash volumes traded on platforms:

Note that the list displayed is not exhaustive - you can find it in its entirety on CoinMarketCap.

South Korea seems particularly interested in the BCH - more than half of the Bitcoin Cash trading is conducted through the BCH / KRW (South Korean Bitcoin Cash) pair.

"Bitcoin is dead"

In recent times, the two Bitcoins seemed to be evolving inversely correlated - when the price of the BCH increased, that of the BTC decreased, and vice versa. But this time, the price of Bitcoin is rather stable despite the rise of Bitcoin Cash.

This rise does not make it possible to know if the Bitcoin Cash will one day reach the ultimate goal of its supporters: dethrone Bitcoin by becoming the first cryptocurrency in terms of capitalization and use.

It is known that it can rely on a community is very active, whose members would conduct information campaigns to merchants so that they begin to accept payments in Bitcoin Cash.

Moreover, a few days ago, the developers of Bitcoin Classic declared that Bitcoin Cash would become leader within 6 months. However, it is difficult to know if this statement is really objective.

Finally, on Twitter, the BTC and BCH communities continue to tear up.

A new declaration of death was formulated this Tuesday by Deadal Nix, on his account:

"Bitcoin is dead. It was split in two. There is Bitcoin Cash, and there is Bitcoin Core / Legacy. It will do with. "

The Bitcoin Core community responded to this attack. We can quote the reaction of Charlie Shrem, creator of the Bitcoin Foundation, who responded to this attack:

Explains the main developer of 'Bitcoin Cash', whose twitter profile indicates "professional shitlord". With Core, I can beat shitlord whenever I want.

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