Bitcoin Cash (BCH) Starts Losing Against The USD As Bear Market Resumes

The volatility of the cryptocurrency market has always been a cause for concern among cryptocurrency enthusiasts and traders. The price can move from a bullish stance to a bearish territory within a matter of minutes. Yesterday, as reported by smartereum.com, Bitcoin Cash was recovering against the USD when it suddenly started declining and shedding off all its recent gains. Of all the major cryptocurrencies, Bitcoin Cash is the biggest loser within a 24 hour period.

Bitcoin Cash To Be Added To Gemini Exchange

Yesterday, there was a post on Reddit that suggested that Bitcoin Cash would soon be added do the list of tradable cryptocurrencies on Gemini exchange. Normally, this sort of news ought to positively influence the price of the coin. Unfortunately, the news has no positive impact on the price of the coin. Instead, BCH feel significantly against the USD. Gemini also made the announcement on their official Twitter handle. The post was as follows:

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Bitcoin Cash (BCH) Price Today – BCH / USD

Name Price24H (%)
Bitcoin (BTC)
$6,499.84
-0.04%
Bitcoin Cash (BCH)
$449.48
-0.04%

“We have gotten the required regulatory approval to list Bitcoin Cash but we haven’t determined the launch date yet. As soon as we do, we would let everyone know that it is available for trading.”

Main while, a protocol known as Simple Ledger which adds security tokens to the blockchain added a new feature known as Bitcoin Files Protocol. This feature allows users to upload and validate files from the Bitcoin Cash Blockchain. This is a good developmental move for the platform.

Bitcoin Cash (BCH) Price Now

At the time this piece was written, Bitcoin Cash was trading at $526.85. This indicates a 3.24% fall against the USD and a 0.46% fall against Bitcoin. The trading volume within a 24 hour period is $633,470,130 while the market capitalization is $9,153,871,011. The next few trading sessions will determine if the price action will change or not.


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