Even with Wednesday's pullback, Bitcoin and most major altcoins are finding buyers on minor dips to underlying support levels, signaling that the trend remains bullish.
Bitcoin Cash News
In May 2017, Bitcoin transactions could take up to four days to complete. The only way to make a transaction quicker was to pay a transaction fee, which at the end of 2017 was around $28. The delay and the need to pay fees made Bitcoin impractical for making small purchases, which led to a new Bitcoin-based currency Bitcoin Cash (BCH).
BCH is a cryptocurrency established as a result of the hard fork that took place to manage the scalability problem. Bitcoin Cash has a number of significant differences to Bitcoin: it is advertised as being faster and cheaper to use, the maximum block size is eight megabytes against one in previous Blockchain, and it has an emergency difficulty adjustment feature. Bitcoin Cash also uses 0-conf (or zero-conf) which allows for nearly instant transactions, meaning Bitcoin Cash transactions are almost always confirmed in the next block.
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- Price Analysis
Select altcoins are likely to move higher even as Bitcoin price takes a breather after hitting $50,000 for the first time in months.
36835 - Price Analysis
Bitcoin has resumed its move toward $50,000 and this is likely to send altcoin prices higher.
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Bitcoin and most major altcoins are near critical overhead resistance levels, suggesting that the downtrend is very close to ending.
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“After an attempted attack yesterday, some serious hashing power was unleashed today at 11:46 am and attackers are succeeding,” said Lucas Nuzzi of Coin Metrics, referring to the Bitcoin SV chain.
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Bitcoin price has hit a few barriers, but many altcoins appear positioned for continuation.
31045 - Price Analysis
Traders expect altcoins to move higher now that Bitcoin price finally pierced the $41,000 resistance.
41893 - Price Analysis
Bitcoin's defense of the $38,000 level and renewed interest from institutional investors could be a sign that the bull trend is resuming.
24187 - Price Analysis
Traders are hopeful that Bitcoin’s bounce from $29,000 to $40,000 and the strong rally seen in altcoins is a signal that the bull market has resumed.
27471 - Market Analysis
Data from Delphi Digital shows holding BTC and ETH was more profitable than investing in weighted average market cap crypto and DeFi index funds.
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Bitcoin and most major altcoins are meeting resistance at higher levels but the bearish sentiment of the last two months seems to be reducing.
12902 - Price Analysis
The strong recovery in Bitcoin and altcoins shows there is aggressive buying at lower levels but bears are unlikely to give up without a fight.
27254 - Price Analysis
Analysts and traders prepare for the worst after Bitcoin price broke below $31,000 and triggered a sell-off in major altcoins.
29861 - Price Analysis
Bitcoin bulls defended the $31,000 level again, but data shows demand for BTC and altcoins is weak and this heightens the chase of further downside.
32107 - Price Analysis
Bitcoin and most major altcoins are bouncing off strong support levels, indicating possible accumulation by the bulls.
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