Bitcoin Cash Pumps Over 11 Percent - Will Bullish Wave Continue?

News
Wed, 02/05/2020 - 13:18
Yuri Molchan
Bitcoin Cash has printed an 11-percent price rise as BitPay steps in to make BCH payments to merchants easy from any wallet and crypto exchange
Cover image via 123rf.com

The fourth largest cryptocurrency, Bitcoin Cash, has surprised the crypto community by printing a sudden 11-percent growth from $385 to $421.32 on February 5.

Numerous crypto fans on Twitter are posting screenshots of charts with BCH surging and are wondering what caused BCH to make this sudden price increase.

‘BCH continues its bullish wave’

Crypto trader and investor @crypto_rand has tweeted that BCH is continuing riding its bullish wave after showing a massive price surge.

Prior to that, he tweeted about the start of another bullish wave for the fourth biggest crypto asset.

Since many altcoins are pumping at the moment – XRP, Lisk, EOS, Cardano, etc. – trader ‘CryptoWolf’ assumes that the market may soon be in for some negative news – such as FUD and (fear, uncertainty, doubt), security breaches on crypto exchanges. In fact, he expects them to appear soon enough anyway.

On Tuesday, the BitPay crypto payment service team took to its Twitter account to spread the word that it was about to enable for customers the conducting of payments to merchants from any crypto wallet and/or digital exchange. BitPay pointed out that, at first, this applies only to Bitcoin and Bitcoin Cash.

@BitPay opens the floodgates to accept #BTC or #BCH payments from any wallet or #bitcoinexchange..#blockchainpayments

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.

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