BITCOIN CASH
Feb 11,2018 | JZA | 422 | 0
Bitcoin Cash market recovers - as infrastructure support increases
Last week, Bitcoin Cash (BCH) markets have been suffering from the downward sentiment that affects cryptocurrencies in all areas. On February 6, the BCH price hit a low of $740 USD per currency, but has since bounced the region from $950 to $1,050 USD on Tuesday afternoon at Bitstamp.

BitcoinCash markets begin to see recovery ahead of them
This week, BitcoinCash markets took a hit as BCH had lost approximately $588 USD (-39%) in value over the past seven days. At this time, the price has recovered and is slowly moving forward just between the $950-1,050 USD range after bouncing through much of Wednesday's trading sessions. BCH's trading volume has been averaging approximately $650 million to $1 billion over the past week. The bureaux de change exchanging the largest amount of BitcoinCash today are: Okex, Bitfinex, Hitbtc, GDAX and Huobi. Currently, the major currencies traded with BitcoinCash include BTC (57%), USD (21%), tether (USDT 11%), Korean won (4%) and the euro (2%).


On February 7,2018, the price of bitcoin cash is around $1,020 at the time of publication.
New features in LocalbitcoinCash, Openbazaar integration and an SMS application in BitcoinCash

Cointext capture.
Although markets were down last week, the BitcoinCash community received a lot of infrastructure support and new applications. For example, everyone in the BCH community is talking about a new application called Cointext that aims to create the ability to send bitcoin cash through text (SMS). According to the creators, all texts are chain transactions like the Chaintip tipping platform. However, because the platform is so new, some BCH supporters are skeptical that this project is safe when used through text messaging...

Another interesting BCH feature announced this week came from the Localbitcoincash exchange that announced that it had added skycoin and smartcash services to the platform. The implementation does not offer fees for this type of operation, the exchange developers explain. No rate change is exactly what it is, it's totally free, and you can continue to trade the different currencies supported by our platform, and there are no marketing costs involved,"revealed Localbitcoincash on February 7.


Openbazaar integro bitcoinCash and Zcash last week.
Recently, the decentralized cryptomoney market infused in Openbazaar integrated Bitcoin Cash and Zcash in the latest version 2.1.0.

This release is the first step to allow more currency options in Openbazaar: it includes native support for nodes that use one currency at a time, Bitcoin, Bitcoin cash or Zcash,"say Openbazaar developers.


The AcceptBitcoin. Cash website has added a section for adults to the website portal.
Another addition to the BCH infrastructure is the AcceptBitcoin. Cash website, which has added a section for adults to the portal. Website developers believe there is a demand for adult merchants to start accepting BitcoinCash. In addition, the team said it has seen more than 70 presentations since implementing an application form, and the team added nearly all merchants to the site in less than three weeks of use.

BCH Followers Remain Optimistic
In other news, a fake BitcoinCash token was created this week on the Omni layer string. The Omni chain's ability to generate asset tokens was reportedly used to create a deceptive BCH token. BCH supporters think the token was created to cause confusion by adding to the growing list of fraudulent holders that have emerged in recent months.

In general, the BCH community is in a very good mood, even in the final weeks of the bearish market sentiment. The protocol continues to receive support almost every day of exchanges, both wallets and merchants. BitcoinCash markets are also beginning to gain strength again along with the rest of the crypto coins that were attacked this past weekend.

What do you think about the BCH market sentiment, support and additional infrastructure this week? Let us know what you think in the comments below.

Original: Jamie Redman

Translated with www.DeepL.com/Translator