Coinbase Reopens Bitcoin Cash [BCH] Trading With Prices Sharply Lower

2018-11-21 18:19

Most major exchanges halted trading in Bitcoin Cash while the controversial hard fork was taking place last week. Exchanges which remained open such as Kraken saw Bitcoin Cash drastically depreciate in price. Prices on Kraken declined around 40% since the time the fork took place.

Coinbase reopened trading in Bitcoin Cash today, and the price opened sharply lower to reflect the depreciation of the last few days. While Coinbase halted trading at $415 on the 15th November, price reopened today at $275. Price continued to decline to a low around $210 after opening but has since begun to rise back up and currently trades around $258.

Coinbase Reopens Bitcoin Cash Trading – Source: tradingView.com

The main reason for the decline is still uncertain. Some of the important computing power that previously supported Bitcoin Cash may be after leaving to support the hard fork of Bitcoin Cash, Bitcoin Cash SV. Bitcoin Cash SV is estimated to be priced around $50 and has not gained the amount of support it had hoped for before the fork.

On the hourly timeframe, we can see Bitcoin Cash is mostly following the movements of the market. After forming a low around $210, it has started to form some higher highs, and higher lows as a small recovery in prices occur across the market. It is questionable how long this will last as if the market leader Bitcoin suffers another sharp drop; it is likely that Bitcoin Cash will follow.

Bitcoin Cash Hourly Chart – Source: TradingView.com Key Takeaways: Trading reopens for Bitcoin Cash on major exchanges such as Coinbase. Price opens sharply lower to reflect the depreciation which has taken place. Key resources may be after leaving Bitcoin Cash to go to the forked version of the cryptocurrency, Bitcoin Cash SV. Bitcoin Cash has started to increase since forming a low around $210 but is likely to be following the movements of the market.

 

Coinbase Reopens Bitcoin Cash [BCH] Trading With Prices Sharply Lower was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Cashcoin (CASH) на Currencies.ru

$ 0.0004289 (+0.63%)
Объем 24H $2
Изменеия 24h: -19.83 %, 7d: -30.46 %
Cегодня L: $0.0004262 - H: $0.0005443
Капитализация $22.93k Rank 99999
Цена в час новости $ 0.0018784 (-77.17%)

bitcoin cash trading prices coinbase kraken fork

Источник: blokt.com

bitcoin cash → Результатов: 126


Bitcoin Cash $BCH Takes The Spotlight While Bitcoin Battles Selling Pressure 

Bitcoin Cash ($BCH) positions itself as a user-friendly solution for daily transactions, boasting minimal fees and swift confirmations, ideal for routine purchases and micro-transactions. Despite its designed convenience, concerns are surfacing as traders exhibit Fear, Uncertainty, and Doubt (FUD) towards assets like Bitcoin Cash and Loopring, reflected in a surge […]

2024-1-25 23:15


Каковы перспективы Bitcoin Cash после роста на 140%?

На этой неделе цена Bitcoin Cash (BCH) взлетела более чем на 100%, достигнув 13-месячного пика в $235. Ключевые ончейн-метрики указывают на возможность продолжения ралли. Во вторник, 20 июня, состоялся официальный запуск EDX Markets.

2023-6-30 12:56


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

SOL Price Breaks $150 – Why Solana Could Soon Test $180

Solana is gaining bullish momentum above $150. SOL price is showing positive signs, and it could even surpass the $162 resistance in the near term. SOL price started a fresh increase from the $138 support against the US Dollar.