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Bitcoin Cash [BCH] slips by 38% over the week; while Bitcoin SV [BSV] grows by 10%

Namrata Shukla

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Bitcoin Cash [BCH] slips by 38% over the week; while Bitcoin SV [BSV] grows by 10%
Source: Pixabay

After yesterday’s game of strength, Bitcoin Cash [BCH] and Bitcoin SV [BSV] have settled on the sixth and seventh positions respectively, on CoinMarketCap’s list. Till yesterday, BSV was ranked fifth while BCH slipped way down the list, yet maintaining itself on the top-10 cryptocurrencies list.

Sourcing: CoinMarketCap

Sourcing: CoinMarketCap

At the time of press, BCH was valued at $106.20 with a market cap of $1.85 billion. The coin recorded a 24-hour trade volume of $145 million, with a growth rate of 1.82% in the past 24 hours. However, the coin has plunged by 38.09 % in the past one week’s time.

The maximum trading volume of BCH was registered by UpBit, a Korean cryptocurrency exchange platform. The Korean exchange reported a 24-hour trade volume of $18 million with BCH/KRW pair. Upbit was followed by Binance on the second and third position with a 24-hour trade volume of $18 million and $16 million with BCHABC/USDT and BCHABC/BTC pairs, respectively.

Sourcing: CoinMarketCap

Sourcing: CoinMarketCap

As for BSV, it was valued at $101.22, with a market cap of $1.76 billion. The coin recorded a 24-hour trade volume of $127 million, with a falling percentage of 7.1% in the past 24 hours. However, the coin has recorded a steady growth of 10.59% in the past one week.

The maximum trading volume of BSV was registered by Binance. It recorded a 24-hour trade volume of $26 million with BCHS/USDT pair. It was followed Binance, itself with BCHS/BTC pair with a 24- hour trade volume of $25 million. Upbit secured the third place with a trading volume of $17 million with a BSV/KRW pair.

After yesterday’s long rally, the coins appear to be settled on the sixth and seventh position as of now.

 





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Namrata is a full-time journalist and is interested in covering everything under the sun, with a special focus on the crypto market.

News

Bitcoin Cash would be a perfect global coin for daily spending, claims Chainblock’s Federico Pecoraro

Sahana Kiran

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Federico Pecoraro, CEO of Italy-based crypto-company, Chainblock, made waves in the cryptospace after he suggested that Italians were shifting to cryptocurrencies owing to the country’s growing economic problems. The 2008 financial crisis hit the Italian economy badly, largely due to the huge public debt accumulated after years of excessive public spending.

According to Federico Pecoraro, the state of affairs offers an opportunity for many people and businesses to benefit from using decentralized money. In what is the most newsworthy bit of his take, he said that Bitcoin Cash (BCH) could be the cryptocurrency that would fit perfectly as a real global coin for daily spending, despite the fact that Bitcoin (BTC) is more likely to emerge as a better store-of-value. He added,

“We’re proud to support it on our products. Indeed, our clients have the opportunity to buy BCH through any of our services.”

Pecoraro also spoke about how Chainblock used the crypto-winter to develop new products and expand its customer base. He revealed that by the end of 2018, Chainblock recorded a 156% increase in transactions and a 144% increase in new users. Federico Pecoraro told Bitcoin.com,

“We love small businesses that want to accept crypto payments but we want to enable as many merchants as we can with a strategic market approach. Our goal is to provide affordable and scalable solutions for both big and small shops and spread real cryptocurrency mass adoption. We plan to enable 5,000 merchants to accept Bitcoin payments.”





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