If you think your portfolio has put on a show since the end of the Great Recession, it’s probably just a blip next to the returns of cryptocurrencies over the past couple of months. Since the year began, bitcoin has risen by more than 300%, while digital currency Ethereum, the second-largest cryptocurrency by market cap, has vaulted higher by almost 3,900%! No, that’s not a misprint — that’s a 3,900% return on your investment in…"Bitcoin cash tripled in two days — and nobody knows why"
Bitcoin cash is crashing on Monday, trading down nearly 20% at $ 579 a coin after soaring to a record high of $ 942 during an impressive weekend rally. In the process, bitcoin cash reclaimed the spot as the third-largest cryptocurrency, according to Coinmarketcap.com. Despite Monday’s steep slide, bitcoin cash is still up about 110% since its inception on August 1, when it split from the original bitcoin network. “More exchanges are trading bitcoin cash now,” Sebastian Quinn-Watson of…"Bitcoin cash is crashing"
Bitcoin Cash is the latest major cryptocurrency to surge in value, with prices more than doubling over the past two days. Following Bitcoin’s split on August 1, the alternative Bitcoin Cash traded consistently at around $ US300. Demand then spiked and a short time ago, prices had shot up to more than $ US700: The price surge means that Bitcoin Cash is now the world’s third biggest cryptocurrency by market capitalisation, behind Bitcoin and Ethereum.…"Bitcoin Cash just exploded in value"
Bitcoin Cash, an alternative version of the digital currency bitcoin that launched earlier this month, saw its price spike sharply overnight, as much as 86% after the fledgling network showed it could handle the kinds of higher traffic for which it was built. Bitcoin Cash was most recently up 66% at $ 567. Its total market capitalization is now $ 9.4 billion, which pushed it over the $ 6.1 billion market cap of a cryptocurrency called…"‘Bitcoin Cash’ Jumps 86%, Now the Third-Most Valuable Digital Currency"
Coinbase has spent much of this week in the weeds over its decision not to accept the newly minted digital currency bitcoin cash. But the company could reverse that decision in the next few days, an investor told Business Insider. “I think the company will be in a position to make an announcement in the next few days, and one could be supporting bitcoin cash in due course,” said Barry Schuler, a partner with DFJ, an investor…"A Coinbase investor says the platform might reverse its bitcoin cash ban in the next few days"