BCHUSD (Bitcoin Cash vs US Dollar). Exchange rate and online charts.
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29 Mar 2025 12:18
(0.06%)
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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
- Technical analysis / Video analytics
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- Technical analysis
Trading Signals for GOLD (XAU/USD) for March 28-31, 2025: sell below $3,078 (technical correction - 21 SMA)
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Author: Evangelos Poulakis
10:09 2025-03-28 UTC+2
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EUR/USD. Analysis and ForecastAuthor: Irina Yanina
11:45 2025-03-28 UTC+2
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Stock Market on March 28th: S&P 500 and NASDAQ in a Difficult PositionAuthor: Jakub Novak
11:29 2025-03-28 UTC+2
958
- Technical analysis / Video analytics
Forex forecast 28/03/2025: EUR/USD, GBP/USD, USD/JPY, Oil and Bitcoin
Technical analysis of EUR/USD, GBP/USD, USD/JPY, Oil and BitcoinAuthor: Sebastian Seliga
00:24 2025-03-29 UTC+2
1198
- Bulls have been attacking for two weeks, but they've run out of steam
Author: Samir Klishi
11:48 2025-03-28 UTC+2
1168
- Bears are trying to break through the bulls' defenses
Author: Samir Klishi
11:36 2025-03-28 UTC+2
1048
- Technical analysis
Trading Signals for GOLD (XAU/USD) for March 28-31, 2025: sell below $3,078 (technical correction - 21 SMA)
Important support is located around the 21 SMA at 3,035. This level coincides with the bottom of the uptrend channel, which could suggest a technical rebound in the coming days.Author: Dimitrios Zappas
15:12 2025-03-28 UTC+2
1048
- AUD/USD extends its range around 0.6300 ahead of the U.S. PCE Price Index
Author: Irina Yanina
12:16 2025-03-28 UTC+2
1018
- Auto tariffs have shaken the market: stocks are under pressure, while gold is gaining. Investors are pulling out of the auto sector as recession fears intensify
Author: Irina Maksimova
12:24 2025-03-28 UTC+2
1003
- As the week comes to an end, the market remains indecisive, with no clear preferences evident. Yesterday, the bulls made some progress, adjusting the prevailing bearish sentiment. To confirm and consolidate the result, they need to overcome the cluster of resistance levels from various timeframes
Author: Evangelos Poulakis
10:09 2025-03-28 UTC+2
988
- EUR/USD. Analysis and Forecast
Author: Irina Yanina
11:45 2025-03-28 UTC+2
973
- Stock Market on March 28th: S&P 500 and NASDAQ in a Difficult Position
Author: Jakub Novak
11:29 2025-03-28 UTC+2
958