Bitcoin Cash Obliterates Other Cryptos, Rising 40% on Korean Buying

[kreslik.news]

The result of the first hard fork of Bitcoin, Bitcoin Cash is obliterating any competition in the cryptocurrency markets today. The unit is trading 37 percent higher at just over $870. The move higher is a direct result of the cancellation of the Segwit2x project that was meant to increase the block size of bitcoin to 2MB.

With a block size of 8MB and several teams of developers that are competing to create a better version of Bitcoin, today’s price action across cryptocurrency markets shows that it is well on track.

Korean (or Chinese?) Buyers Drive Prices higher

While overall market capitalization of ... (read more)