Bitcoin Cash Trading Up 29.9% This Week (CRYPTO:BCH)

Bitcoin Cash price moves within striking distance of $900 after Wednesday surge

This means that if Bitcoin Cash fails to adapt, it could ultimately see its prices decline.

While the scheduled hard fork may have provided support in recent days, a material shift in market sentiment has been the key driver, with similar gains being seen elsewhere, the only laggard being Bitcoin. Traders and analysts have seen bullish characteristics in bitcoin.

At the time of writing the coin is trading at $937 (Bitfinex), bringing the ratio of BTC to BCH back above 0.1000.

Antpool believes that Bitcoin Cash will only increase in popularity after the planned hard fork on 15 May 2018, which will change the block size from its current 8MB to 32MB and introduce basic smart contract functionality.

The Bitcoin Cash price resumed its advance in today's early trading, rising to as high as $994.79.

Therefore, let's find out the current price levels from the price analysis.

After facing a little resistance at $900, it then broke out again with even more exuberance to form a five percent green candle reaching highs over $940.

Bloomberg takes note of the current rise has brought BTC's increases over the two-week time frame to very almost 29 percent, with an upward pattern for other major altcoins also: Ripple up as much as 19 percent, Ethereum up 7.5 percent and Litecoin, 4 percent.

At present, AntPool accounts for 7.3 percent of Bitcoin Cash blocks mined within the past week, though it has mined more than 10 percent of blocks mined in the past 24 hours.

The bull run formed at 6 April's swing lo $0.45716 remains firmly intact, the passing of the U.S tax deadline, talk of Soros and other family money entering the market and an easing in government and regulator chatter supporting the latest bull run.

Ripple's XRP slipped to a $0.88034 low in the early part of the morning, before bouncing back, with investors quick to jump in at sub-$0.90 levels, the day's first major support level of $0.8146 and 23.6% FIB Retracement Level of $0.8385 untested in the early part of the day.

The breakout was called by crypto trader Brian Kelly, who on April 18 cited "increased volatility in the coin and higher volumes in the last month as proof of a potential breakout".

Bitcoin cash has been experiencing an upside for some time now. As a result, upside from the $0.65 level saw it attain the $0.75 price level now.

Related News:

  • IPL 2018 | KXIP vs SRH, match 16: Stats review

    IPL 2018 | KXIP vs SRH, match 16: Stats review

    This game could have turned out so differently if Wriddhiman Saha had held on to an under-edge off Rashid's first ball to Gayle . His explosive batting helped KXIP post a strong total of 193-3 at the end of 20 overs and win the match comfortably by 15 runs.
    Royal Challengers Bangalore opt to Bowl

    Royal Challengers Bangalore opt to Bowl

    In the bowling, young leggie Rahul Tewatia has lived up to the expectations after scalping six wickets from four games. Hence in today's match, it is predicted that RCB has more chance to win against DD as they are playing in their home.

    Daiwa Securities Group Inc. Trimmeds Holding in Itau Unibanco Holding SA (ITUB)

    YTD calculations are commonly used by investors and analysts in the assessment of portfolio performance due to their simplicity. The stock now shows its YTD (Year to Date) performance of 23.77 percent, whereas its Weekly performance stands at -0.46%.
  • Medical Properties Trust, Inc. (MPW) Analysts See $0.36 EPS

    In looking the SMA 200 we see that the stock has seen a -2.42%.The Company's net profit margin for the 12 months at 40.90%. The Ontario - Canada-based Financial Bank Of Montreal Can has invested 0% in Medical Properties Trust, Inc . (NYSE: MPW ).

    Anticipated $-1.38 EPS for Adamas Pharmaceuticals, Inc. (ADMS) as of May, 8

    The stock rating was maintained by Noble Financial with "Buy" on Wednesday, November 8. (NASDAQ:ADMS) PTs and latest ratings. The Company is engaged in developing medicines to manage the daily lives of those affected by chronic neurologic disorders.
    Myanmar police punish colleague who exposed entrapment

    Myanmar police punish colleague who exposed entrapment

    He and Khin Maung Lin are also facing Official Secrets Act charges, as well as additional legal action under the Police Act. If the judge rules in favour of the prosecution, Moe Yan Naing's testimony will be officially struck from the record.
  • Brokerages Set Retail Properties of America Inc (RPAI) Target Price at $15.92

    ORDINARY SHARES's float is 0.07%. 139.03 million shares or 0.55% less from 139.79 million shares in 2017Q3 were reported. Barclays Capital downgraded Fulton Financial Corporation (NASDAQ:FULT) on Tuesday, December 6 to "Underweight" rating.
    Los puntos importantes de los próximos cambios en Facebook

    Los puntos importantes de los próximos cambios en Facebook

    Todos, independientemente de dónde vivan, se les pedirá que revisen información importante sobre cómo Facebook usa los datos y toman decisiones sobre su privacidad .
    National Football League  releases 2018 schedule, Cowboys to play first game in Charlotte

    National Football League releases 2018 schedule, Cowboys to play first game in Charlotte

    Another schedule leak? The Super Bowl champion Philadelphia Eagles will host the Atlanta Falcons for the season-opening game. The game against the Seahawks marks the ninth meeting since 2010, with two of those games coming in the postseason.
  • The woman killed on a Southwest flight was a New England native

    The woman killed on a Southwest flight was a New England native

    United Continental Holdings said that it had begun inspections earlier after a recommendation from CFM. The inspections recommended within the next 20 days will affect about 680 engines, officials said .
    LG G7 ThinQ Rumored To Feature Dedicated Google Assistant Button

    LG G7 ThinQ Rumored To Feature Dedicated Google Assistant Button

    Like the iPhone X, this device will sport a notch design, but it can be turned off via software if you're not much of a fan. Unfortunately just like Samsung's Bixby button , it seems that LG's Google Assistant button can not be remapped either.
    Karan Johar's star-studded production 'Kalank' shoot begins

    Karan Johar's star-studded production 'Kalank' shoot begins

    Varun Dhawan , Alia Bhatt , Sanjay Dutt , Madhuri Dixit , Aditya Roy Kapoor and Sonakshi Sinha will come together for Kalank . Karan possibly is following the good results of 2 States , which was directed by Varman and was released on April 18, 2014.

Most liked

$1.29 Billion in Sales Expected for Chesapeake Energy Co. (CHK) This Quarter
This organization's stock showed a trading volume of 29.89 million shares, compared to its average daily volume of 37.72M shares. Institutions purchase large blocks of a company's outstanding shares and can exert considerable influence upon its management.

'It smells like death': Alabama town endures New York City 'poop train'
The train ended up parked in Parrish after another nearby town went to court to prevent the train's passage. The city ships it to Alabama, where low-priced land and permissive zoning allow for its disposal.

Arsenal v West Ham United
They ended a run of three losses to beat Southampton 3-0, ahead of 1-1 draws with Chelsea and Stoke. Jack Wilshere is expected to be out with a minor ankle injury.

Amir Khan And Phil Lo Greco Make Weight For Saturday's Fight
It has been almost two years since Amir Khan has stepped into a ring for a fight, when he was knocked out by Canelo Alvarez . Canadian Lo Greco, 33, weighed in at 10st 9lb 5oz before the fight at a sold-out Echo Arena in Liverpool.

USPS worker hoarded over 17000 pieces of mail
USPS questioned Germash after receiving a tip that there was a Nissan Pathfinder in Dyker Heights with over 20 blue bags of mail. Sixteen-year USPS veteran Aleksey Germash is accused of failing to deliver 17,000 pieces of mail. .

Oasis Petroleum (OAS) Now Covered by JPMorgan Chase
Over the long run, the price of a stock will generally go up in lock step with its earnings (assuming the P/E ratio is constant). Now the stock price is moving -55.07% off from the highest level of twelve months and +5.41% above from twelve months low.

Stocks to Watch For: Wal-Mart Stores Inc. (WMT), Intel Corporation
Analysts at Wall Street see Walmart Inc.'s -15.79 % negative EPS growth compared to $1.33 earnings per share for last quarter. The rating was maintained by Stephens with "Overweight" on Thursday, February 22. (NYSE:WMT) rating on Friday, November 10.

New Russia Sanctions To Come Soon As They 'Deserve It'
The Ministry of Foreign Affairs in Moscow confirmed that the United States government had made a call to the Russian embassy in Washington regarding the change in the earlier policy on economic sanctions.

Palestinian professor shot dead in Malaysia, family accuses Israel's Mossad
In a statement from the Hamas-ruled Gaza Strip, his family said: "We accuse the Mossad of being behind the assassination". But Israel has a long history of targeting wanted Palestinian militants in daring overseas operations around the globe.

Ariana Grande releases new song, first since 2017 bombing
After gushing about the track, Kevin also requested that Ariana , 24, teams up with Janet Jackson. This article was originally seen in The Sun and has been republished here with permission.

Sevilla v Barcelona — Big Match Focus
There are things we must correct with respect to that game. 'Tomorrow, it's time to grit my teeth and go into the game. Before that, only Madrid won four straight, from 1905-08. "We maybe the favourites but you still have to play".

Hottest day in April in Britain for almost 70 years
And to make getting to the finish running strongly the main goal, and to run by perceived effort rather than mile splits. If you are out enjoying the weather do not forget to protect yourself from the sun, which is now at full strength.

The service Flickr was acquired by SmugMug
Verizon bought the assets of Yahoo , sold the publishing platform and store photos called Flickr to another photo service SmugMug. After the advent of smartphone apps like Facebook and Instagram, Flickr's popularity gradually faded away.

Homeland to end with season 8
However, he also said that he doesn't know Danes or Mandy Patikin's decision yet if they are still up for another season or not. Gansa said the show will also dump the President Donald Trump allegories.

Research Ratings: Automatic Data Processing, Inc. (ADP), Premier, Inc. (PINC)
Inv Counsel Inc has invested 1.11% in Automatic Data Processing, Inc . 5,381 were accumulated by Trustco Savings Bank N Y. It improved, as 50 investors sold ADP shares while 442 reduced holdings. 113 funds took stakes and 282 increased stakes.