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Tag Archives: bchusd

Bitcoin Cash Trading Volume on Upbit Skyrockets as BCH Soars 120% Weekly

The leading South Korean cryptocurrency exchange – Upbit – has recorded a trading volume of more than $350 million for the Bitcoin Cash (BCH)/Korean Won (KRW) pair for the past 24 hours. In comparison, trades involving Bitcoin (BTC) have been three times less. BCH has been among the best performers in the crypto market lately, with its USD valuation up over 180% for the past two weeks. BCH Grabs the Attention of Koreans  As revealed by Wu Blockchain, BCH/KRW trades on South...

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The Reason Bitcoin Cash (BCH) Surged Over 100% in 7 Days

Bitcoin Cash (BCH) – the most popular hardfork of Bitcoin (BTC)’s blockchain – is up over 117% this week, outperforming Bitcoin’s still sizable 15% rise. As of this writing, its the only coin to see anything close to 2X gains within that time frame. What’s attracting traders and investors to the large-blocker network? Let’s dive in. Bitcoin Cash’s EDX Listing Bitcoin Cash’s seismic gains began on June 21, precisely when the Wall Street-backed crypto exchange EDX Markets...

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SEC Chief Gary Gensler Called BTC, ETH ‘Not Securities’ in 2018

A newly-surfaced video that dates back to 2018 showed that the current Chairman of the US Securities and Exchange Commission (SEC) – Gary Gensler – classified several cryptocurrencies, including Bitcoin (BTC) and Ether (ETH), as “not securities.”  His stance from nearly five years ago contrasts with his nowadays vision. Gensler has argued several times that the only digital asset which could categorize as a commodity is BTC.  Gensler’s View Before Becoming SEC Chair The...

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Saint Kitts and Nevis to Make Bitcoin Cash Legal Tender in 2023

The island country located in the Caribbean region – Saint Kitts and Nevis – plans to turn Bitcoin Cash (BCH) into an official payment method inside its borders by March next year. The announcement positively affected the asset’s price, which jumped above $100. The Prime Minister of Saint Kitts and Nevis – Terrance Micheal Drew – disclosed that the government is willing to engage with Bitcoin Cash mining and make the asset legal tender on local soil by March 2023. The leader...

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Market Watch: Avalanche (AVAX) Explodes 30% to New ATH, Bitcoin Stagnant at $45K

After falling to $44,000 and spiking to $46,000, bitcoin has calmed once again around the $45,000 mark. Most altcoins are slightly in green on a daily scale, but some have charted impressive gains. Avalanche is among those as AVAX has surged by more than 30% to tap a new ATH. ETH at $3,300 as AVAX Marks a New ATH Most larger-cap altcoins have mimicked BTC in the past few days. Ethereum plummeted during the mid-week crash, attempted rapid recovery, but failed to increase any...

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Bitcoin Drops Below $45K, Crypto Market Cap Slumps $120B (Weekend Watch)

After a few days of consolidation around $46,000, bitcoin has headed south and dropped beneath $45,000. Most altcoins have retraced in a similar fashion, with a few exceptions. LUNA is among those as it pumped by double-digits to tap a new ATH above $40. Bitcoin Slides Below $45K The primary cryptocurrency had a rough week. As it was preparing to become a legal tender in El Salvador, its price went to a multi-month high at just over $53,000. However, shortly after it became...

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Bitcoin Tapped $49K as Crypto Markets Recover $100 Billion (Weekend Watch)

Following a few days of price declines, bitcoin has bounced off and jumped to around $49,000. Most alternative coins have also reacted well to the recent slumps, with impressive increases now. ADA leads the pack with a 10% surge to above $2.8. Bitcoin Touched $49K As reported by CryptoPotato, the past few days didn’t go well for the primary cryptocurrency. It had failed to remain above $50,000 after it breached that level for the first time since mid-May and the bears had a...

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Cardano (ADA) Sets New All-Time High as Bitcoin Reclaims $49K: Weekend Watch

Following a sharp retracement below $49,000, bitcoin has rallied up and reclaimed that particular level. Most altcoins have stalled since yesterday, except for Cardano. ADA has painted another fresh all-time high above $2.6. ADA’s Latest ATH; Alts Calm The alternative coins were all covered in green yesterday with impressive gains across the charts. Ethereum briefly exceeded $3,300 but has retraced slightly since then and currently sits below that level. Binance Coin, which...

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Bitcoin Neared $50K: Highest Since May and 51% Monthly (Weekend Watch)

Bitcoin initiated another impressive leg up in the past 24 hours resulting in breaking above $49,000 for the first time since mid-May. The alternative coins have joined the ride with notable gains, including an 8% surge from BNB and 10% increases from Polkadot and Solana. Bitcoin Neared $50K It was just two days ago, on August 19th, when the situation in the bitcoin landscape seemed rather negative. The asset had lost several thousand dollars of value in hours and had fallen...

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Correction Time: Bitcoin Slips Below $45K, $110B Wiped Off the Total Cap (Market Watch)

The bears have returned to the crypto market and have pushed bitcoin south to around $45,000. The alternative coins, which flew high recently, have struggled even more. ETH is close to breaking below $3,000, ADA is just above $2, and BNB is down to $400. Bitcoin Dropped to $44.5K Ever since the Saturday retracement in which bitcoin dropped below $46,000, the cryptocurrency’s price performance seemed rather healthy. In fact, BTC jumped and touched $48,000 on Sunday for the...

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