BITCOIN CASH: VOLUME, HASHRATE AND PRICE!

What happened in the crypto markets over the weekend was very interesting and unique. After the SegWit2x-Hard-Fork was canceled last week, the market was even more volatile than we are used to anyway.

It was wild, especially at Bitcoin Cash (BCH), a rather new player in the crypto scene, which was created on 1 August as an alternative to Bitcoin. In less than 60 hours, BCH's price has risen from $ 637 per coin to $ 2,500, before returning the most gains. For the cryptocurrency miners, it was more profitable to mine Bitcoin Cash than Bitcoin for a few hours. This prompted many without further ado to a change.

Bitcoin Cash's mining

Bitcoin Cash's mining power has exceeded Bitcoin's. And while mining profitability has returned to its previous level, many miners have not yet returned to classic Bitcoin and there remains a huge backlog of unconfirmed transactions in the Bitcoin blockchain. It might take a while to process the outstanding 122,000 transactions. Until then, users either have to pay a higher fee or wait a little longer for their transactions to be confirmed. At the height of chaos, the number of unprocessed transactions was as high as 176,000.


Most of BCH's gains came directly from Bitcoin, after a sizeable pullback from its all-time high of $ 8,000. DASH also benefited from Bitcoin's losses. After breaking out of its consolidation triangle a week ago, he experienced an outbreak on Sunday from $ 340 to $ 430. "