Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Reason Behind Bitcoin Cash (BCH) Price Surge

by Baran Giresunluoglu
November 5, 2018
in HodlX
HodlX Guest Post  Submit Your Post
 

?Bitcoin Cash (BCH) has seen a sharp increase in price recently. The price increase was due to a popular cryptocurrency exchange, Binance, announcing that they will support the Bitcoin Cash hard fork. After the announcement, the ??trading volume for BCH has multiplied by 7x from $220 million USD to $1.4 ?billion USD. During the past three trading days, the price of Bitcoin Cash has ?steadily risen, up 37%+ outperforming the other top coins. During that same period, Bitcoin (BTC) is only up a few percent; Ethereum (ETH) is up 7%; Litecoin (LTC) is up 14%.

Recent BCH News

?Lately there has been other positive news surrounding Bitcoin Cash. Another popular coin exchange, Gemini, announced that they received the regulatory ?approval for listing Bitcoin Cash (BCH) on their trading platform. Gemini is a New York-based coin exchange owned by the Winklevoss twins. Currently the Gemini exchange only supports Bitcoin, Ethereum, Litecoin and Zcash.

Bitcoin Cash had seen a similar rally back in December when Coinbase listed Bitcoin Cash on their exchange. Listing on a large platform is a catalyst for future growth as the coin becomes more accessible to the public. The anticipation of Bitcoin Cash getting listed on Gemini exchange is another driver for the recent positive trend in price for Bitcoin Cash (BCH). Tyler and Cameron Winklevoss also mentioned that they’re planning to expand Gemini into the United Kingdom in efforts to grow the exchange. Other Bitcoin Cash ?related news is the announcement of Bitmain’s upcoming IPO on the Hong ?Kong Stock Exchange. Bitmain owns 1.02 million Bitcoin Cash which is currently valued at approximately $550 million dollars USD.

Cryptocurrency Sector

?The cryptocurrency sector overall has shown a positive trend based on the ?recent trading sessions. All of the top coins are up around 5%+ percent in ?price for the past 7 days. Investors are getting excited with all the new projects entering the crypto space lately. On October 23rd, Sony CSL announced that they developed cryptocurrency hardware wallet technology. ??Sony CSL is owned by its parent company Sony Corporation (NYSE: SNE). Also Bitplaza, a new shopping marketplace for bitcoin just launched on Google Play and Apple App Store. The Bitplaza app lets anyone spend bitcoin on physical products and ships worldwide. Another crypto related app Bundil appeared on the hit TV show Shark Tank on ABC and managed to get an investment from Kevin O’Leary only a few weeks ago. The Bundil app allows average people to invest in crypto by tracking daily credit card purchases and ??investing the remaining change from each transaction directly into ?cryptocurrency. We also saw some earlier stage projects by crypto ?enthusiasts such as a Coca Cola vending machine that accepts bitcoin payments as well an electric bicycle that accepts crypto payments for renting. ?It’s exciting to see the cryptocurrency industry grow with new innovations ?around every corner. With all the recent projects and developments, cryptocurrency is gaining interest from investors once again.

Overview

?Although the cryptocurrency prices declined overall this year, the ?cryptocurrency industry itself has made a great deal of progress with many ?new developments helping the ecosystem and building a stable foundation ?for crypto to thrive. Major corporations are also entering the crypto space ?gradually as the network is expanding. Some companies are adopting the new digital currency as a form of payment and some companies are even ?building new technology to help improve the use of cryptocurrency. With all ?the stuff going on in the industry, investors should definitely be on the look out for a future crypto rally.

 
Check Latest Headlines on HodlX


Follow Us on Twitter Facebook Telegram

Check out the Latest Industry Announcements
 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Industry Announcements

  • Aurigami Collects $12 Million War Chest To Grow Aurora-Based Lending Protocol
    August 2, 2022
  • Impel Adds Bitcoin to ISO 20022 Financial Messaging on XDC Network
    August 2, 2022
  • Serenity Shield and Digital Insights Announce Strategic Partnership
    August 2, 2022
  • Crypto Platform Phemex Becomes Partner of Université Paris Dauphine – PSL To Support Research on DeFi and Cryptocurrency
    August 1, 2022
  • Open Loot Announces Partnership With Hit Factor’s War Park
    August 1, 2022
  • Post Voyager Partners With Ozys, Announces Plans for Multi-Chain Expansion
    July 29, 2022
  • First Decentralized Data Warehouse Space and Time Raises $10 Million Seed Round Led by Framework Ventures
    July 28, 2022
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$23,298.24
$23,298.24
0.47%
Ethereum
$1,714.48
$1,714.48
0.01%
Cardano
$0.533979
$0.533979
2.77%
XRP
$0.375533
$0.375533
0.18%
Dogecoin
$0.069554
$0.069554
0.25%

Spotlight

  • Cardano’s Vasil Hard Fork Delayed for Several More Weeks As ADA Sees Green Week
    July 31, 2022
  • Institutions Turned Bullish on Crypto in July with 2022’s Strongest Inflows of $474,000,000: CoinShares
    August 3, 2022
  • US Conservative Political Organization Makes the Case Against CBDCs, Praises Bitcoin and Private Stablecoins
    August 5, 2022
  • Social Token Platform Socios.com Inks $100,000,000 Deal With Famous Soccer Team FC Barcelona
    August 1, 2022
Finance Magnates London Summit Banner
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX •
Futuremash •
Industry Announcements

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2022 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EMAIL ALERTS
  • DAILY HODL MIX

© 2022 The Daily Hodl