This cryptocurrency was formed in 2017 as a result of a Bitcoin fork. Bitcoin cash has increased the block size dramatically, allowing for more transactions to be completed while also improving security.

In November 2018, the cryptocurrency underwent another fork, resulting in Bitcoin Cash ABC and Bitcoin Cash SV (Satoshi Vision). Because it employs the original Bitcoin cash client, this is referred to as the Bitcoin cash.Bitcoin promises several advantages over its predecessors. It still has to keep some promises. The most crucial one has to do with block size. The average block size mined on Bitcoin cash is substantially less than on Bitcoin.

Team Behind Bitcoin Cash

Craig Wright, who claims to be the original Nakamoto, is the leader of Bitcoin Cash SV. On a site intended for payment transactions, he rejected several of the smart contracts.

What…

A mixed start to the day saw Bitcoin rise to an early morning intraday high $61,476.0 before hitting reverse.

Falling short of the first major resistance level at $62,126, Bitcoin slid to a late afternoon intraday low $59,533.0.

Bitcoin fell through the first major support level at $60.117 before a partial recovery to end the day at $61,800 levels.

The near-term bullish trend remained intact, supported the latest return to $66,000 levels. For the bears, Bitcoin would need a sustained fall through the 62% FIB of $27,237 to form a near-term bearish trend.

The Rest of the Pack

Across the rest of the majors, it was a bearish day on Sunday.

Chainlink slid by 5.32% to lead the way down.

Binance Coin (-2.02%), Cardano’s ADA (-2.22%), Ethereum (-2.53%), Litecoin (-2.99%) and Polkadot (-3.08%) also struggled.

Bitcoin Cash SV (-0.37%), Crypto.com Coin (-0.71%), and Ripple’s XRP (-1.04%)…

While the cryptocurrency market has not flashed high volatility, some altcoins displayed signs of retracement. 

Bitcoin Cash assumed a downtrend in the near term, while Chainlink and Polygon hit their weekly highs and started to show bearish tendencies.  

Bitcoin Cash (BCH)

The altcoin traded at $624.70 and registered a 24-hour decrease of nearly 2%. Over the past month, BCH Bulls showed their vigor as the price oscillated in an ascending triangle pattern with higher highs, as depicted by the trendlines.

However, key technicals favored the sellers in the near term. Unless the bulls can sustain the ascending pattern, the price seemed to consolidate below its immediate resistance point that stood at $653.31. 

The Relative Strength Index (RSI) was below the half-line at the 48-mark and depicted a downtrend. Also, the signal line (orange) was above the MACD…

The retail trading app, Public has now made a recent addition of Shibu in coin to the already existing cryptocurrencies that are traded on the app.

Earlier this month, the trading app begin incorporating more cryptocurrencies, significantly increasing the user’s potential to invest in these digital assets including dogecoin, Ethereum, bitcoin, bitcoin cash, Litecoin, and Cardano as even a trivially small amount (that is less than even a dollar) could be invested.

Georgia’s $100 billion Teacher Pension System on a Financial Roll

Why Has Shiba Inu Been Making the Rounds?

This freshly introduced coin in the platform, Shiba Inu, which takes inspiration from its predecessor dogecoin named after the dog breed has been making quite the rounds this month. We can attribute the coins raging popularity to none other than Tesla’s Chief Executive Officer, Elon Musk.