After weeks of decline and low trading volumes, the price and volume of Bitcoin Cash (BCH) skyrocketed this Friday. This happened after both Bitcoin.com and Binance expressed their plans for the BCH hard fork that’s coming within two weeks. As a result, the price of Bitcoin Cash went up in the double digits, from $425 to a bit about $469.
Within the Bitcoin Cash community there’s a disagreement on the next updates for the blockchain. On the one side there’s development team Bitcoin ABC, while crypto firm nChain and mining pool operator CoinGeek have proposed an alternative client with voting power for miners. Both Binance and Bitcoin.com are supporting Bitcoin ABC during the fork.
Currently Bitcoin Cash is valued $461 (0.072 BTC) and is trading quite steady. The volume is still up from 24 hours ago, and it’s likely we’ll see another surge in the next few days.
The hard fork is planned for November 15th. Expect more news on this case in the next coming days.