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Bitcoin Cash Hard Fork Causing Market Ripples | Webinar

Bitcoin Cash Hard Fork Causing Market Ripples | Webinar

2018-11-14 13:03:00
Nick Cawley, Analyst
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Bitcoin, Bitcoin Cash, Ethereum, Ripple: Prices, Charts and Analysis

  • Bitcoin Cash Hard fork (November 15) should we watched closely.
  • General market apathy continues – will volatility pick-up?

Contentious Bitcoin Cash (BCH) Hard Fork the Main Market Activity

Bitcoin Cash is looking to hard fork on November 15 and may produce three new tokens – Bitcoin SV, Bitcoin Unlimited and Bitcoin ABC. With all three competing for mining hash rate and market adoption, the outcome of any hard fork is yet unclear and this uncertainty is weighing on Bitcoin Cash, pushing the price lower.

Overall marekts conditions are relatively unchanged week-on-week with low turnover and slim trading ranges. We have talked before about the potential for a sharp break-out and still see this as a strong possibility going into the end of the year.

Bitcoin Cash (BCH) Daily Price Chart (March – November 14, 2018)

Bitcoin Cash Hard Fork Causing Market Ripples | Webinar

We look at Bitcoin, and a variety of other cryptocurrencies, at our Weekly Cryptocurrency Webinar every Wednesday.

Cryptocurrency Trader Resources – Free Practice Trading Accounts, Guides, Sentiment Indicators and Webinars

If you are interested in trading Bitcoin, Bitcoin Cash, Ethereum, Litecoin or Ripple we can help you begin your journey. We have an Introduction to Bitcoin Trading Guide along with a Free Demo Account so you can practice trading this volatile asset class.

IG Sentiment Data show how retail are positioned in various cryptocurrencies and how changes in holdings can affect market sentiment.

What’s your opinion on the cryptocurrency market? Share your thoughts and ideas with us using the comments section at the end of the article or you can contact me on Twitter @nickcawley1 or via email at nicholas.cawley@ig.com.

--- Written by Nick Cawley, Analyst.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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