Bitcoin

Top cryptocurrencies to watch this week

Published

6 months ago

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Illustration: Chakkapong Khachonchit (Getty Images)

Bitcoin Cash (BCH) was created in 2017 after the Bitcoin hard fork. A hard fork is a phenomenon in the blockchain world that happens when the community makes major changes to the blockchain network and alters the rules.

Bitcoin was forked — resulting in Bitcoin Cash, which featured faster transaction speeds. With its history tied to Bitcoin, the price of Bitcoin Cash often fluctuates with that of the main cryptocurrency.

As Bitcoin surges after Trump’s speech, Bitcoin Cash is also following suit. Defunct Bitcoin exchange Mt. Gox has also finished paying its creditors in Bitcoin Cash, which could also be contributing to the cryptocurrency’s surge.

Bitcoin Cash is currently trading at $454, up over 16% from last week.

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