The Bitcoin Cash (BCH) markets were suffering from the bearish sentiment plaguing cryptocurrencies prices this past week. Last month 6 the cost of BCH reached a minimal of $740 per coin but has since bounced back in the $950-1,050 region on Bitstamp Tuesday evening.
The Bitcoin cash finance industry is beginning to see recovery ahead on, these bitcoin cash markets received a blow as BCH had lost approximately $ 588 (-39%) in value moscow and rome seven days.?At this point the price has rebounded and is also coasting along the vivaz between the $950-1,050 zone after bouncing?back a great deal of Wednesday’s trading sessions. BCH trade volume continues to be averaging roughly $650 million to $1 billion within the past week. Exchanges swapping the foremost bitcoin cash today include Okex, Bitfinex, Hitbtc, GDAX, and Huobi. Currently, the top currencies traded with bitcoin cash include BTC (57%), USD (21%), tether (USDT 11%), the Korean won (4%), also, the euro (2%).
New Localbitcoincash features, openbazaar integration, plus a bitcoin cash SMS application; Although markets were down earlier this week, the bitcoin cash community had a bunch of infrastructure support and new applications. As an illustration, everyone in the BCH community is sharing a new app called?Cointext?which aims to form the ability to send bitcoin cash through text (SMS). Good creators, all texts are on-chain transactions enjoy the tipping platform Chaintip. However, considering the platform being so new, some BCH supporters are?skeptical?of your project being secure when used via scrolls.
The Localbitcoincash exchange announced that hot weather had added skycoin and smartcash services to the platform. The implementation features no fees towards the types of trades, explains the exchange developers. “No fee exchange is precisely what it is, it’s absolutely free, and keep exchanging the many cryptocurrencies supported by our platform, where there are no trading fees involved,” Localbitcoincash reveals on February 7.
Recently, the decentralized cryptocurrency infused marketplace Openbazaar integrated bitcoin cash and zcash into the latest 2.1.0 version.
“This release is the first step towards allowing more methods cryptocurrencies in Openbazaar: It gives you native support for nodes one cryptocurrency at a time, bitcoin, bitcoin cash, or zcash,”?explains?the Openbazaar developers.
The AcceptBitcoin.Cash website has added an?adult section that’s another accessory for the BCH infrastructure. The developers of the website believe there is also a demand for adult merchants to start with accepting bitcoin cash. Further, the group said it has witnessed over 70 submissions given it implemented a request form, along with the team added practically every single merchant towards site in less than three weeks of usage.
Supporters of BCH remain optimistic, while it was known in other news this week?an imitation bitcoin cash token?is created on the Omni layer chain. In line with reports, the Omni chain’s option to generate asset tokens was applied to create a misleading BCH token. BCH supporters think the token was created to cause confusion while leading to the growing listing of scammy snapshot forks which use come into existence throughout the last few months.
In general, the BCH community is set in high spirits despite the presence of the past few weeks of bearish market sentiment. The protocol will continue to get support any day from exchanges, wallets, and merchants. Bitcoin cash investing arenas are also needs to gather steam again alongside all of those other cryptocurrencies who got hammered the 2009 weekend.