Bitcoin Cash Spikes 20 Percent in the Wake of Upcoming Hard Fork Backed by Binance
Crypto markets have seen a lot movement today, with most of the top 20 coins by market cap seeing significant growth, and with Bitcoin Cash (BCH) spiking almost 21 percent by press time. Bitcoin Cash, the fourth top cryptocurrency by market capitalization, has grown sharply from $473 at the beginning of the day to as high as $573 as of press time, which is the highest trading point of the cryptocurrency over the past month. Trading around $420 for the most part of the week, Bitcoin Cash started this upward trend on Nov. 2.The fourth top coin is up around 30 percent over the past 7 days in the wake of the now-second largest global crypto trading platform Binance recent announcement of support for Bitcoin Cash’s upcoming hard fork. While most top cryptos have seen an influx of gains, Bitcoin (BTC) is one of few coins that suffered some losses today. As of press time, the major cryptocurrency is down some 0.4 percent and trading at $6,327. The coin is down around 2.2 percent over the past 7 days, and Bitcoin’s dominance on the market has slightly dropped over the day from 53.3 percent to its current 52.5 percent.
About Binance: Binance is one of the largest and most liquid alt coin trading platforms with millions of users from over 200 countries. It's only fundable by crypto and it offers easy trading on over 150 different cryptocurrency pairs.
About Bitcoin Cash: Bitcoin Cash brings sound money to the world, fulfilling the original promise of Bitcoin as "Peer-to-Peer Electronic Cash". Merchants and users are empowered with low fees and reliable confirmations. The future shines brightly with unrestricted growth, global adoption, permissionless innovation, and decentralized development. Bitcoin Cash is a peer-to-peer electronic cash system. It's a permissionless, decentralized cryptocurrency that requires no trusted third parties and no central bank. In 2017, the Bitcoin project and its community split in two. Perhaps the least controversial way to refer to each side is simply by their respective ticker symbols, BTC and BCH. Bitcoin Cash is usually represented by the BCH ticker symbol and is considered by its supporters to be the legitimate continuation of the Bitcoin project as peer-to-peer digital cash. With Bitcoin Cash, you can send money to anyone, anywhere in the world, 24 hours a day, 365 days a year. Like the Internet itself, the network is always on. No transaction is too big or too small. And you never need anyone’s permission or approval.
Bitcoin cash is the 4th largest cryptocurrency by market cap size with a current market cap of $9,416,737,563. It's up 10.23% over the past 24 hours and is currently trading at $539.93. Bitcoin cash has a circulating supply of 17,440,638 BCH. It can be bought with fiat dollars, debit, and credit cards at cryotocurrency exchanges such as Coinbase and Changelly.
