Bitcoin Cash (BCH) has been climbing rapidly ahead of its proposed Hard Fork on November 15.
There are currently two proposals for the fork – one from Bitcoin ABC, and the other known as ‘Satoshi’s Vision’ by Craig Wright’s Nchain. The two camps have been unable to agree a way forward meaning it is likely that the crypto which was formed due to a split from Bitcoin (BTC), will now split again.
The rise in the current BCH price coincides with both Binance and Coinbase confirming their support for Bitcoin ABC’s version of the upcoming fork. Bitcoin Cash is up by over 20% in the last 24 hours with the price rising by $145 over the past week.
Whilst BCH has been on the rise, its rival BTC has been on a small decline, falling by 0.32% over the past day.
I have stated previously that I find the battle between the two Bitcoins to be extremely fascinating. I believe the two will push each other which will lead to better crypto development in the long term. However, that battle seems to be hotting up even further with the current civil war occurring in the BCH camp.
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