31 Oct '17, 12pm

Bitcoin Cash Rally Stalls as Traders Price in Possible Fork

Bitcoin Cash Rally Stalls as Traders Price in Possible Fork

Bitcoin cash is trending down amid news of an upcoming technical change. After rallying more than 30 percent over the last week, with prices clocking a five-week high of $522.95 on Sunday, the bitcoin cash-US dollar (BCH/USD ) exchange rate is $438 at press time, up slightly from a low of $415 yesterday. However, the move isn't without cause, as an attempt to update the project's underlying software appears to have traders slightly spooked. Bitcoin cash developers explained yesterday that they intend to push forward a fix for the code meant to make its mining network more sustainable as soon as Nov. 1. But while those behind the effort sought to position it as sufficiently tested, noting it won't come into effect until Nov. 13, the market reaction was more mixed. Remarks on social media indicate users may be worried about a lack of coordination between the developers and h...

Full article: https://www.coindesk.com/bitcoin-cash-rally-stalls-trader...

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