Bitcoin News
THE BITCOIN cash price is falling after a volatile start on the market for the new rival version of bitcoin. Here is the latest price, live updates, price charts and breaking news.
Bitcoin cash surged above $750 dollars before falling and rising again on the first full day of trading on Wednesday, according to CoinMarketCap.
The price of bitcoin cash has now fallen to under $350 but it remains of the biggest cryptocurrencies on the market.
The volatility came amid warnings that proper price discovery had not taken place because many users were unable to start trading straight away.
A group of miners created bitcoin cash (BCH) by spitting off from the main bitcoin blockchain, causing a 'fork' in bitcoin's software and transaction history.
Amid concerns over trading chaos and the impact on bitcoin’s price, here is a look at the latest cash price and breaking news.
Charles Hayter, chief executive and founder of digital currency comparison website CryptoCompare, believes that the price of bitcoin cash is bound to fall even further.
"The fervour and price rises within the first few hours can be blamed on slow supply reaching markets and excessive initial exuberant demand,” he told CNBC.
"The ability to short the market (bet on the price falling) should bring about more efficiencies as reality bites into the price.
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