NewsletterBitcoin Cash Price Rises with LBX Listing Amidst Roger Ver Controversy
Bitcoin Cash price gets a boost as the London Block Exchange adds support and gets close to hitting the $1,500 price level. Despite the recent controversy around Roger Ver, a vocal BCH supporter, Bitcoin Cash is experiencing a good support.
Despite BCH supporter Roger Ver dispute, BCH gets a 12% hike
Bitcoin Cash price is up more than 12 percent at the moment outpacing a number of major cryptocurrencies like Bitcoin, Ethereum, Ripple, and EOS among others. Though most of the cryptocurrency market is experiencing a good surge, Bitcoin Cash is certainly gaining the ground over others as it reaches $1,457.
Despite the recent controversy surrounding Bitcoin Cash supporter Roger Ver and its website Bitcoin.com that is likely to soon face a lawsuit for misleading the users into buying Bitcoin Cash (BCH) instead of Bitcoin (BTC), BCH is rising in value.
Bitcoin and Bitcoin Cash both are in the greens right now with Bitcoin close to $9,200 level and Bitcoin cash eyeing the $1,500 mark.
Also, read: Ethereum Under Heavy Scrutiny as Regulators Determine its Fate
London block exchange listing & upcoming fork drives BCH price
Recently, the London Block Exchange announced that it will be supporting Bitcoin Cash for the BCH/GBP and BCH/BTC trading pairs. The fourth largest cryptocurrency with a market cap close to $25 billion will now be available to UK cryptocurrency users for trading.
Benjamin Dives, the CEO of the exchange stated:
“As we open our doors to UK crypto enthusiasts, we’re listening and acting on what the community wants – and that’s an array of good quality coin options to trade; all backed by a reliable, comprehensive and user-friendly service that they can trust.”
The exchange also listed Ethereum Classic which is among the top 20 cryptocurrencies is also seeing a surge in its prices but only about 2.44 percent in comparison to 12.26 percent in Bitcoin Cash price.
Apart from the London Block Exchange listing, another boost for BCH price can also be its upcoming hard fork that is scheduled for May 15. The most notable point of this hard fork is the increase in its maximum block size to 32 MB. Another change would be in terms of bitcoin script operation codes that will be added or reactivated as mentioned in its official announcement.
Do you think with its hard fork coming up, Bitcoin Cash (BCH) will see a huge hike in its prices or would the vocal BCH supporter Roger Ver controversy would dull its effect? Share your thoughts with us!
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Why is the LUNC Price Up 70% Despite the Crypto Market’s Decline?
- CoinShares Fires Back at Arthur Hayes, Dismisses Fears Over Tether Solvency
- Bitcoin Stalls Ahead of FOMC as Analyst Van de Poppe Sees No Break Until Tuesday
- Bitcoin Hyper Presale Review: How Utility is Unlocked With ZK-SVM Rollup
- Morgan Stanley Turns Bullish, Says Fed Will Cut Rates by 25bps This Month
- Ethereum Price Holds $3,000 as Bitmine Scoops Up $199M in ETH; What Next?
- Solana Price Outlook Strengthens as Spot ETFs See $15.68M in Fresh Inflows
- Dogecoin Price Gears Up for a $0.20 Breakout as Inverse H&S Takes Shape
- Bitcoin Price Forecast as BlackRock Sends $125M in BTC to Coinbase — Is a Crash Inevitable?
- XRP Price Prediction As Spot ETF Inflows Near $1 Billion: What’s Next?
- Solana Price Outlook: Reversal at Key Support Could Lead to $150 Target
