Bitcoin Cash is ranked at #4 below XRP but above Litecoin in the market. So far, the price has been boosted at a rate of 2.51% in the course of the past 24-hours. The trading volume recorded stands at roughly $1.571 billion, while the supply has 18,013,013 BCH coins involved in circulation. At present, the total market cap of Bitcoin Cash is $5.742 billion. BCH is priced at $318.77.
Markets should determine the block size, not a group of central-planning devs.
— Roger Ver (@rogerkver) September 18, 2019
According to the data obtained from the candlestick chart connected to the BCH/USD pair on tradingview, BCH buyers are trying to establish a new level of support beyond $300. Initial resistance may be felt close the $333.4 level.
The final few Awesome Oscillator peaks have all been green and landed atop the zero line. The daily RSI is at 57.11. Support lies near the $268 mark.
Ben Bartlett is an elected official belonging to the City of Berkeley. He was the first lawmaker to purchase cannabis from a dispensary with the help of Bitcoin Cash. Funds belonging to medical chains are often ceased due to crackdowns conducted by the Drug Enforcement Agency.
Due to such hapless incidents, many shop owners have begun storing digital currency as a way of safeguarding their financial property. Dash, Bitcoin Cash and a couple of more trustworthy alts are preferred, other than the king coin himself. This is actually a perfect usecase for cryptocurrencies, as the government has no authority over digital currencies.
Ben initiated the purchase at Ohana Cannabis located in Emeryville. Within the next few years, the number of merchants accepting BCH transfers is expected to skyrocket, as mainstream interest grows with the arrival of more influential institutional investors.
California has transformed into a pro-blockchain state amidst a wave of hostility emanating from most members of the government.
About Post Author
Aditya Chatterjee
A specialist in comics and cryptocurrencies with an inclination towards DASH and Cardano. I have an innate desire to be a seasoned trader in the near future. Analyzing candlestick charts is a personal hobby.
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