The Bitcoin Cash/Bitcoin brace opened at a 0.003 today on American telephone commutation Bittrex. But only an hr subsequently the launch, Bitcoin Cash climbed to a daily high of 0.14789 against Bitcoin. While on HitBTC, Bitcoin Cash (BCH) is currently trading equally high equally $360.
Social media together with Reddit forums were rife amongst speculation that the value of Bitcoin Cash would crash to $0 at launch, equally existing Bitcoin holders would dump their BCH holdings. But those theories were proven incorrect today equally investors on Bittrex together with Kraken snapped upwards the cheaper BCH coins.
Although in that place are smashing discrepancies at this fourth dimension betwixt BCH telephone commutation rates on dissimilar trading venues due to sparse liquidity, Bittrex's BCC/BTC trading brace has the most book together with thence far today, beating Kraken's BCH/BTC brace past times close $2 million.
At press time, the Bittrex BCC/BTC brace has seen 2997 BTC ($8.26 million) inward Bitcoin Cash trades inward the start out 2.4 hours.
Since the Bitcoin Cash telephone commutation charge per unit of measurement on Bittrex is currently hovering at 0.1087, the most accurate cost for Bitcoin Cash inward dollars would hold upwards to a greater extent than or less $298.925.
