BCHUSD (Bitcoin Cash vs US Dollar). Exchange rate and online charts.
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17 Feb 2025 09:30
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Bitcoin Cash
Bitcoin Cash is a new version of Bitcoin, that is, its split or hard fork. A hard fork is a new blockchain created from the existing one. Thus, Bitcoin Cash is Bitcoin’s blockchain.
Bitcoin Cash is both the payment system and the form of payment. Initially, its symbol was BCC. Later, some exchanges and exchange services began using ВСН to avoid confusion with the tokens of the Bitcoin network.
History
When Bitcoin gained in popularity, the network load increased significantly. The confirmation of transactions was delayed and the processing time slowed down. Bitcoin developers had to initiate a fork of the Bitcoin blockchain to increase the block size. Since a blockchain cannot be changed or erased, both forks started to exist independently. The second network was dubbed Bitcoin Cash. The new blockchain was made up of 8MB blocks.
Pros of Bitcoin Cash:
– small commission
– speedy transactions
– safety
– convenience for miners and investors
Bitcoin Cash vs Bitcoin:
- Small commission for transaction. Users who want to save on transactions use Bitcoin Cash.
- Instant transaction confirmation. Bitcoin Cash’s transaction throughput per second is higher than Bitcoin’s.
- Scalability. The size of Bitcoin block is 1MB, while Bitcoin cash blocks are 8MB in size. The Bitcoin block contains 2,500 transactions, whereas for the first BCH blocks, this figure reached 7,000.
Bitcoin Cash price dynamics shows that this digital currency is constantly developing. Its every drop in value is followed by growth, which is beneficial for both investors and those making a transaction.
Cryptocurrency market experts believe that, despite all the difficulties, Bitcoin still has a lot of potential. That is why the hard fork will not be able to outperform its "big brother" in the near future. At the same time, there is a growing demand for the digital coin among miners and investors.
See Also
- The test of the 1.0466 price level in the first half of the day coincided with the moment when the MACD indicator had just started to move upward from the zero mark
Author: Jakub Novak
17:00 2025-02-14 UTC+2
1873
Technical analysisTrading Signals for BITCOIN (BTC/USD) for February 14-17, 2025: buy above $96,569 (21 SMA - 3/8 Murray)
On the contrary, if the Bitcoin price falls below $96,000, the bearish cycle is expected to resume. Hence, it could fall to 2/8 of Murray located at 93,750 and finally reach the psychological level of $90,000.Author: Dimitrios Zappas
16:42 2025-02-14 UTC+2
1708
The test of the 152.46 price level in the first half of the day occurred when the MACD indicator had already moved significantly below the zero markAuthor: Jakub Novak
17:04 2025-02-14 UTC+2
1693
- The test of the 1.2565 price level occurred when the MACD indicator had already moved significantly above the zero mark
Author: Jakub Novak
17:02 2025-02-14 UTC+2
1588
In my morning forecast, I focused on the 1.2568 level and planned to make trading decisions based on itAuthor: Miroslaw Bawulski
16:43 2025-02-14 UTC+2
1408
Fundamental analysisOverview of the EUR/USD Pair on February 17: A Sharp Rally in the Euro That Means Nothing
The EUR/USD currency pair continued its rapid ascent on FridayAuthor: Paolo Greco
03:49 2025-02-17 UTC+2
1258
- Fundamental analysis
Overview of the GBP/USD Pair on February 17: The British Pound Enjoys the Euro's Momentum
The GBP/USD currency pair experienced a rise on Friday. Sometimes, the market behaves in a way that seems almost unbelievableAuthor: Paolo Greco
03:49 2025-02-17 UTC+2
1243
Trading planTrading Recommendations and Analysis for EUR/USD on February 17: The Unstoppable and Illogical Euro
The EUR/USD currency pair continued upward movement throughout Friday, raising some confusionAuthor: Paolo Greco
03:49 2025-02-17 UTC+2
1138
The bulls have managed to recover much of their previous losses, closing above the short-term weekly trend at 1.0357. If this bullish momentum continues, the pair could further advance in a weekly corrective rise toward the next resistance levelAuthor: Evangelos Poulakis
00:21 2025-02-17 UTC+2
1138
- The test of the 1.0466 price level in the first half of the day coincided with the moment when the MACD indicator had just started to move upward from the zero mark
Author: Jakub Novak
17:00 2025-02-14 UTC+2
1873
- Technical analysis
Trading Signals for BITCOIN (BTC/USD) for February 14-17, 2025: buy above $96,569 (21 SMA - 3/8 Murray)
On the contrary, if the Bitcoin price falls below $96,000, the bearish cycle is expected to resume. Hence, it could fall to 2/8 of Murray located at 93,750 and finally reach the psychological level of $90,000.Author: Dimitrios Zappas
16:42 2025-02-14 UTC+2
1708
- The test of the 152.46 price level in the first half of the day occurred when the MACD indicator had already moved significantly below the zero mark
Author: Jakub Novak
17:04 2025-02-14 UTC+2
1693
- The test of the 1.2565 price level occurred when the MACD indicator had already moved significantly above the zero mark
Author: Jakub Novak
17:02 2025-02-14 UTC+2
1588
- In my morning forecast, I focused on the 1.2568 level and planned to make trading decisions based on it
Author: Miroslaw Bawulski
16:43 2025-02-14 UTC+2
1408
- Fundamental analysis
Overview of the EUR/USD Pair on February 17: A Sharp Rally in the Euro That Means Nothing
The EUR/USD currency pair continued its rapid ascent on FridayAuthor: Paolo Greco
03:49 2025-02-17 UTC+2
1258
- Fundamental analysis
Overview of the GBP/USD Pair on February 17: The British Pound Enjoys the Euro's Momentum
The GBP/USD currency pair experienced a rise on Friday. Sometimes, the market behaves in a way that seems almost unbelievableAuthor: Paolo Greco
03:49 2025-02-17 UTC+2
1243
- Trading plan
Trading Recommendations and Analysis for EUR/USD on February 17: The Unstoppable and Illogical Euro
The EUR/USD currency pair continued upward movement throughout Friday, raising some confusionAuthor: Paolo Greco
03:49 2025-02-17 UTC+2
1138
- The bulls have managed to recover much of their previous losses, closing above the short-term weekly trend at 1.0357. If this bullish momentum continues, the pair could further advance in a weekly corrective rise toward the next resistance level
Author: Evangelos Poulakis
00:21 2025-02-17 UTC+2
1138