Bitcoin still stable while Bitcoin Cash (BCH) is recovering slowly
The price per Bitcoin Cash (BCH) is only recovering slowly after the long-term decline in prices last week while Bitcoin continues to hold to the new all-time high.
The price per Bitcoin Cash after a positive correction of more than 20 per cent currently is 222.65€ his big brother Bitcoin however continues to a record value of 2.875,86€. On release day the price per Bitcoin Cash was on Aug. 2nd at 615€.
Due to the increasing number of trading facilities more and more Bitcoin Cash (BCH) were sold over the past few days which drove the course further into the cellar. Too little hash power and an insecure network kept many exchanges and wallet providers from integrating the fourth largest digital currency Bitcoin Cash. As a result the traders even if they wanted could not exchange their BCHs in BTC Fiat or other digital currencies.
Bitcoin on the other hand was able to disprove all fears of a price slippage and high volatility after the Hard Fork and boosted by the BCH exchange business reached a new all-time high of more than 3,000 USD. Bitcoin recorded a particularly strong rise, when the trading platform Bittrex released the trade with BCH here was massively exchanged BCH in BTC.
We will see where all this goes and if BCH will be acceptet by the community and hits up to its highest point of 756.93 USD from Aug. 2nd again.
What do you think?
Let me knowe in the comments!
Bitcoin almost touching $3,400 and an overall market cap of $117 billion. We're seeing some big growth in cryptocurrency.
I think that it will rise up to 3.600$ soon and be at least at 5.000$ by the end of the year
Very possible. You have to remember that it is summer which usually sees prices going down because of low trading. But this year we've just been seeing growth. So if trading picks up even more after summer, $5,000 could be easily seen.