Bitcoin Cash Pump Stalls, Stabilizes Near $1500

The Bitcoin marketplace has become a sort of chaotic mess, as the hardfork altcoin Bitcoin Cash (BCH) has surged. Many pundits have embraced the new altcoin as a way to honor the original Bitcoin vision of Satoshi Nakamoto. In contrast to the original BTC, BCH offers 8MB block sizes and faster transaction times.

As the new NYA-proposed SegWit2X hard fork has been put to an untimely end, the Bitcoin community expected stability and increasing prices. However, quite the opposite happened for Bitcoin as the price has sustained a substantial decline over the past couple of days.

As Bitcoin rapidly dropped in value, BCH has responded in the opposite way, pulling investors and consumers away from the original core chain, moving large amounts of volume into the BCH camp, and producing . So intense was the price shift, that even Vitalik Buterin publicly congratulated the chain’s growth…

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