Why is bitcoin cash surging

Chainalysis Market Intel provides live data and insights on the cryptocurrency market. Read up and subscribe here to get our weekly Market Intel Report delivered to your inbox. While the total supply of Bitcoin grows every day as more is mined, the actual amount available to buy depends on whether holders want to sell or trade it. The chart below shows how the amount of Bitcoin in each category has changed since January alongside price, thereby capturing the market dynamics of both the current price surge and that of

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WATCH RELATED VIDEO: What happened to Bitcoin CASH ? Important Lessons from BCH failure

Surge of dogecoin price sparks interest in cryptocurrency newcomers

Streisand effect is referred to an event where the information, which is attempted to be hidden or censored, backfires to become even more public. In India, the demand for Bitcoin has grown steadily since March last year as its volume surged from 82 to in June this year, as per Coin Dance data on Bitcoin trading service LocalBitcoins.

Bullish investors believe if Libra becomes a trusted payment mechanism then people are also more likely to trust Bitcoin as a reliable long-term store of value, a digital gold, according to Glen Goodman, author of Bitcoin and cryptocurrency trading advice book, The Crypto Trader.

Bitcoin price in India stood at around Rs 7. Like us on Facebook and follow us on Twitter. Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates. Written by Sandeep Soni. Updated: June 23, pm. Next Story. US Stock Market. Stocks post best 3-day rally since as investors bid up companies that benefit from a strong economy.

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Gold Price Today, 3 Feb Gold may rise to Rs , buy on dips; neutral to bullish in yellow metal. Petrol and diesel price today February 3: Fuel rates remain steady; check price in Delhi, Mumbai here.

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The native token of decentralized oracle network Chainlink LINK has just claimed a top-five spot in terms of market value. Sergey Nazarov. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group , which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights , which vest over a multi-year period.

Image may contain Text Label Number and Symbol. Bitcoincash/Ripple/Litecoin/Ethereum/CryptoKitties/Stellar/Composite. Bitcoin's surge may be.

Cleanup in aisle four: Kroger calls crypto news release a fake

The next target would be to surpass Chainlink LINK as the 5th most valuable cryptocurrency in the world. The Litecoin flappening has already happened. LTC was able to get the 6th position in the cryptocurrency market after outperforming Bitcoin Cash in the last few hours. Although many consider the Flappening has already happened, the next target will be to get the fifth position. The charts look very positive for Litecoin. LTC is now breaking out from a 3-year bear trend. If history repeats itself it may be possible for LTC to reach new highs in In terms of BTC, Litecoin is now also recovering part of the losses experienced in recent years. However, it will be difficult for it to continue moving higher. Litecoin is expected to continue growing if Bitcoin keeps in its bull trend.

Bitcoin soars to new highs as Bitcoin Cash hard forks into two. Tron blows past Ethereum.

why is bitcoin cash surging

N is looking into the publication of a fake press release, claiming the acceptance of bitcoin cash at its stores, the grocer said on Friday, after becoming the second major retailer in recent weeks to get entangled in a crypto hoax. The release, which said the grocer would accept the cryptocurrency this holiday season, appeared on Kroger's investor relations page and was later deleted. The company said the page, which gets automatically updated, receives a direct feed from PR Newswire PRN , where the fake release also appeared. PRN pulled the fake announcement and said it was "urgently investigating the incident including looking into any criminal activity associated with this matter". Bitcoin cash is a fork of bitcoin's underlying software code formed in , and was an initiative headed by a small group of mostly China-based bitcoin miners.

These are the core obsessions that drive our newsroom—defining topics of seismic importance to the global economy.

Ethereum and Bitcoin Cash Surge as Cryptocurrency Rally Widens

Enthusiasts will tell you it's the future of money - but investing in the notoriously volatile virtual currency can be a rollercoaster, and it's not without risk. The hunt for new coins, using powerful computers, is also causing a surge in energy demand - which is not so good for the environment. James Saye, tech consultant. I bought in again in when the price was lower so I'm still in but I don't regret cashing out when I did. Heather Delaney, founder of Gallium Ventures. I've been the silent crypto-investor.

Bitcoin cash price prediction: is the altcoin a dip buy?

Bitcoin Cash BCH is a cryptocurrency created through a hard fork of the bitcoin network, which occurred in August An increasing number of users are buying Bitcoin Cash, because the price of Bitcoin skyrocketed these past few months. Indeed, despite the split from Bitcoin, the rise and fall of BCH always closely mirrors it. The sudden spike in user activity has been no exception. The FCAS is a comparative metric that evaluates the fundamental health of a crypto project, and the FCAS 25 is a weighted moving average of the top 25 projects that aims to show the overall health of the crypto industry. The Flipside Crypto Asset Score Tracker provides institutional and sophisticated retail investors the ability to track over cryptocurrencies' fundamentals. FCAS Tracker is currently free to a select group of new users as it continues to develop the product. Visit Flipside here to gain access to Flipside Analytics.

10, set back by surging inflation, lagging recovery in the job market, putting any extra cash into a speculative asset like Bitcoin.

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Bitcoin Cash is jumping up in value. The offshoot cryptocurrency, which launched in August in response to slow transaction times on the original Bitcoin, was one of the best market performers on Friday after boosts in support and an overall confidence in future prices. The cryptocurrency, ranked as the fourth-largest on the market, jumped A number of factors may have contributed to this rise.

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When every investor became inquisitive about the first-ever cryptocurrency, not many realized its shortcomings. After , Bitcoin was the most buzzed word with huge search volumes on the Internet. But what pulled it back? Understanding what the world needed, Bitcoin took its step towards the same, and Bitcoin Cash entered the market, Bitcoin cash BCH outshines bitcoin in terms of transaction speed and accelerates the verifications of your transaction.

Bitcoin cash token is trading near the short-term moving averages of DMA SMA , while the coin also faces good buying interest.

Bitcoin cash outs arrive at 16,000 ATMs in the UK

Alex Mashinsky, the CEO and founder of crypto lending platform Celsius says that Bitcoin will crash in the short term, but predicts it will rebound and end the year four times higher than it is now. Despite the slight dip, the cryptocurrency is up 11 percent in the past week. With its relative strength index RSI now just above 50, the asset is fairly bought but still has great upside before it approaches overbought levels. But while BTC is showing signs of recovery in the past week, one crypto veteran warns that it will likely get worse before it gets better. Mashinsky, whose Celsius Network is one of the biggest crypto lending platforms in the world, stated in a recent interview that Bitcoin will likely dip by 20 percent in the near term.

Bitcoin is surging to record highs on 'FOMO' and Joe Biden stimulus bets

For the latest business news and markets data, please visit CNN Business. While the currency's moves are often inscrutable, analysts have floated a few theories to explain its meteoric rise. The first is speculation that trading of the currency could soon resume in China following a crackdown on domestic exchanges.

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  1. Judas

    I think you scammed.

  2. Estcott

    You have hit the spot. This is a great idea. I am ready to support you.

  3. Nigis

    You are wrong. I can defend my position. Write to me in PM, we will discuss.

  4. Tziyon

    It happens ... such a coincidence