Bitcoin's cashcoke increases by 20% following the arrival of a rigid fork supported by Binance


Sunday, November 4: cryptography markets have seen many movements today, with most of the top 20 coins by market capitalization that have experienced significant growth, and with Bitcoin Cash (BCH) that has gained almost 21% for the press .

Market display

Market display from Coin360

Bitcoin Cash, the fourth highest cryptocurrency by market capitalization, rose sharply from $ 473 at the start of the day to $ 573 at the time of the press, which is the highest point of the cryptocurrency exchange in the last month. Trading for around $ 420 for most of the week, Bitcoin Cash started this upward trend on November 2nd.

The fourth largest currency has increased by about 30 percent in the last 7 days, following on from the second largest global encryption exchange platform, the recent announcement of support by Binance for the upcoming Bitcoin fork Cash.

Chart of prices in 7 days of Bitcoin Cash

Chart of prices in 7 days of Bitcoin Cash. Source: CoinMarketCap Bitcoin price index

While most of the best encrypted has seen an influx of earnings, Bitcoin (BTC) is one of the few coins that suffered some losses today. At the time of printing, the main cryptocurrency declined 0.4 percent and traded at $ 6.327. The currency has decreased by about 2.2 percent over the last 7 days, and Bitcoin's dominance in the market has declined slightly over the course of the day from 53.3 percent to 52.5 percent today.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: CoinMarketCap Bitcoin price index

Ethereum (ETH), the second cryptocurrency by market capitalization, has increased by almost 1.5 percent in the last 24 hours and is trading at around $ 203 at the time of printing. The currency is down about 0.7 percent over a period of 7 days.

Ethereum 7-day price table

Ethereum 7-day price table. Source: CoinMarketCap Ethereum Price Index

Ripple (XRP), the third highest cryptocurrency by market capitalization, is experiencing similar gains of around 1.3% and trading at $ 0.46. The cryptocurrency balances weekly earnings, up 0.8% in the last 7 days.

7 days price chart ripple

7 days price chart ripple. Source: CoinMarketCap Ripple Price index

Total capitalization rebounded to around $ 209 billion at the time of printing. At the start of this week, the total capitalization of the encrypted markets had fallen to a low of $ 201 billion. Daily trading volume rose sharply from $ 10 billion yesterday, now totaling $ 13 billion.

Graph of total market capitalization

Graph of total market capitalization. Source: CoinMarketCap

Other altcoins that have seen sufficient growth today are Litecoin (LTC), Cardano (ADA) and Dash (DASH). All currencies have increased by more than 7 percent in the last 24 hours and traded at $ 55, $ 0.08 and $ 166 respectively at the time of printing.

Another currency that suffered some losses during the day along with Bitcoin is NEM (XEM), which is down 0.6% and trades at $ 0.09 at the time of printing.

The main global cryptographic exchange that Binance has confirmed on November 2 will support the upcoming Bitcoin Hard Cash, which will occur when "the average time spent [1] of the 11 most recent blocks (MTP-11) is greater than or equal to UNIX timestamp 1542300000. "

The exchange has communicated to its users that deposits and withdrawals of Bitcoin Cash will be suspended starting from November 15, claiming that users should allow sufficient time for deposits to be processed in "full before this time".

Meanwhile, tomorrow, November 5, the US Securities and Exchange Commission (SEC) will face a deadline for reviewing the proposed amendments to a set of applications to list and trade various exchange-traded funds (ETFs). of Bitcoin.

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