Bitcoin Cash’s price today hit $286, an increase of 12.39% in the past 24 hours.
Last weekend, Bitcoin Cash (BCH) sunk after its blockchain split into two, or “hard forked.” Its price fell from $255 to $240, marking a 5% decrease.
Bitcoin Cash’s market cap is now $5.3 billion, which places it at 7th place, ranking below Litecoin, which has a market cap of $5.5 billion.
The price of Bitcoin Cash (BCH) price today hit $286, an increase of 12.39% in the past 24 hours, according to CoinMarketCap, a crypto data aggregation website. Today’s price increase marks the culmination of a week of recovery from last weekend’s hard fork, which temporarily depressed the price.
The price of the Bitcoin spinoff sunk last weekend after its blockchain split into two, or “hard forked.” BCH’s price fell from $255 to $240, marking a 5% decrease.
The fork concerned an unpopular mining tax of 8% that would go to one of the teams developing Bitcoin Cash. Lots of people didn’t want that to happen, so they opted for a different fork.
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