Bitcoin Cash surges over 25% as investors prep for a possible chain split

Over the weekend, the price of bitcoin cash (BCH) spiked from ~$460 on Saturday to ~$585 on Sunday — an increase of 27%. As of the time of this writing, the price has settled down to $568 at a market capitalization of $9.9B, according to CoinMarketCap. This surge comes after recent announcements made by Binance and Coinbase in support of the upcoming network hard fork. The upcoming hard fork for bitcoin cash has been the topic of contention, as community members debate on what features should be implemented into the bitcoin cash network.

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Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi

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