Bitcoin Cash (BCH) Price Surges 9% as Network Upgrade Approaches, Should You Buy or Sell?
Despite the downturn in the broader crypto market, Bitcoin Cash (BCH) price prediction turns positive after 9% gains in the last three days.
Keep up with what's happening in the crypto world in real-time.
Despite the downturn in the broader crypto market, Bitcoin Cash (BCH) price prediction turns positive after 9% gains in the last three days.
Today's cryptocurrency market highlights Bitcoin SV (BSV), Kava (KAVA), Luna Classic (LUNC), Bitcoin Cash (BCH), SUI (SUI.io), and PEPEcoin (PEPE) as top gainers. On the other hand, Stacks (STX), Casper (CSPR), Render Token (RNDR), Convex Finance (CVX), Injective Protocol (INJ), and Woo Network (WOO) are facing losses.
The token was up 11% on the day, but analysts think the cryptocurrency will not be able to sustain its gains.
Bitcoin Cash (BCH) appears to be rising from the ashes today following its 8.24% growth over the past 24 hours. With its current performance, the cryptocurrency has pared off all losses it has taken on over the past week and is now up 2.74% within that time frame.
Lido DAO (LDO) and Bitcoin Cash (BCH) are the two exceptions from the top 50 altcoins with notable gains.
Bitcoin cash is attempting a recovery wave above the $115 resistance against the US Dollar. The price is now trading near the $118 zone and the 55 simple moving average (4 hours).
Pro-freedom technologies advocate and software developer Jason Dreyzehner recently spoke with Bitcoin.com News via email about the upcoming Bitcoin Cash network upgrade on May 15. One of the most talked about improvement proposals set to go through on that date — which proponents view as a boon to economic freedom — is the Cashtokens CHIP.
Today's crypto market displays a mix of projects experiencing significant gains and others facing notable losses. CRO, IMX, WOO, ISP, RNDR, and SOL are the day's top gainers, while EGLD, XMR, FLR, BNB, STX, and BCH are the top losers.
Bitcoin cash price started a fresh decline below the $125 zone against the US Dollar. The price is now trading below the $120 zone and the 55 simple moving average (4 hours).
As the Bitcoin Cash enthusiasts brace themselves for the much-awaited upgrade that vows to unleash decentralized applications, General Protocols revealed a complete production release of its decentralized hedging application, boasting a doubled contract size. Meanwhile, those utilizing the privacy-boosting protocol Cashfusion have fused over 17.
These cryptos may be lesser known, but they have had big rallies this year and look to have bright futures ahead.
The Decentralized Finance (DeFi) landscape has been experiencing significant growth in the cryptocurrency sector, offering users innovative financial solutions without the need for centralized intermediaries. Bitcoin Cash (BCH), with its unique Unspent Transaction Output (UTXO) model, has emerged as a promising contender among various blockchain networks utilized for DeFi applications, potentially providing superior scalability and security.
Bitcoin Cash (CRYPTO: BCH) is trading lower by 3.92% to $118.86 Friday. The altcoin is trading lower in sympathy with the broader cryptocurrency sector following key U.S. economic data.
Bitcoin cash price started a fresh decline from the $135 zone against the US Dollar. The price is now trading below the $130 zone and the 55 simple moving average (4 hours).
What is happening to the crypto assets Bitcoin Cash (BCH), Cardano (ADA) and Shiba Inu (SHIB)? Let's take a look at the performance of these coins, with a forecast of future prices and the latest news featuring them.
Bitcoin cash started a decent increase above the $125 and $130 levels against the US Dollar. The price is now trading above the $130 zone and the 55 simple moving average (4 hours).
The most recent Bitcoin Cash price analysis shows that there has been an upward trend for the previous 24 hours due to the price's rapid growth. A continuation of the bullish trend is indicated by green candlesticks.
Given that the price has dropped to $124.28 in the last four hours, the Bitcoin cash price analysis is strongly bearish for the entire day. The market has continued to collapse as the bears gradually regained momentum.
Bitcoin cash started a decent increase above the $122 and $124 levels against the US Dollar. The price is now trading above the $125 zone and the 55 simple moving average (4 hours).
When every investor became inquisitive about the first-ever cryptocurrency, not many realized its shortcomings. After 2009, Bitcoin org was the most buzzed word with huge search volumes on the Internet. But what pulled it back? Undoubtedly the other cryptocurrencies on the list that guaranteed to overcome Bitcoin's setbacks.
Cardano ended a two-day losing streak on Monday, as the token moved closer to a two-month high to start the week. Cryptocurrency markets were mostly lower in today's session, with the global market cap down 0.36% as of writing. Bitcoin cash also climbed, hitting a ten-day high.
Bitcoin Cash [BCH] retreated from $140 in mid-March and hit $116.5 at the end of March. After that, BCH's price action has consistently stayed above an ascending line as bulls aim to recover losses in the past few days.
Bitcoin cash price started a fresh decline from the $138 zone against the US Dollar. The price is now trading below the $125 zone and the 55 simple moving average (4-hours).
Bitcoin Cash (CRYPTO: BCH) is trading lower by some 4.88% to $118.94 Monday morning amid broader weakness across cryptocurrencies.