The newly created coin, Bitcoin Cash (BCH or BCC), was initiated when a group of miners "forked" from the main bitcoin blockchain. Given the relatively small amount of miners running the new software, Bitcoin Cash struggled to keep up with the main bitcoin network. At about 6:14 p.m. UTC, ViaBTC mined the first Bitcoin Cash block, which came in at a block size of 1.915 MB, and contained 6,985 transactions, according to public data.
The block's passage also seemed to spur launches on digital currency exchanges, with Bitcoin Cash trading now live on bourses like Kraken, TheRockTrading and OKCoin, among others. With exchanges listing the coin and newly-found Bitcoin Cash owners taking control of their assets, one of the big questions will be what happens with the price of the digital asset. Bitcoin Cash is trading at roughly $460 (at current time) on digital currency exchange Kraken.
The BCH-USD markets started trading just after 4 GMT yesterday afternoon and have seen lows of $219 and highs of $537 - presently sitting at $437. Volumes have hit $9.91m which is an 11% market share of total Bitcoin Cash trading.
The dominant pair is BTC with over 70% market share. One BCH has oscillated between 0.0939 BTC and 0.1967 BTC since trading begun and now sits at 0.17BTC per BCH. Kraken and Bittrex have dominated trading on the BTC pair with 26% and 72% respectively.
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Thanks for the info!
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