Bitcoin Cash (BCH)

There are 3 crypto assets to watch this week, namely Bitcoin Cash (BCH), Dogelon Mars (ELON), and Nervos Network (CKB). Read this article for more details!

3 Cryptocurrency to Watch Out This Week: BCH, ELON, and CKB!

<img src="https://static.bittime.com/cms-static/upload/BCH_ELON_and_CKB_555f33f645.webp" alt="BCH, ELON, and CKB" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com?content_id=news&amp;cn=400001">Bittime</a> - The global crypto market continues to show interesting movements, with the total market capitalization again touching the $2.1 trillion mark after a 9% surge last week.&nbsp;There are 3 crypto assets that deserve to be in the spotlight and must be paid attention to this week, namely Bitcoin Cash (BCH), Dogelon Mars (ELON), And Nervos Network (CKB). Read this article to find out more!<figure class="image"><a href="https://www.bittime.com/register?cn=400001" target="_blank" rel="noopener noreferrer"><img style="aspect-ratio:601/301;" src="https://static.bittime.com/cms-static/upload/join_registrasi_lucky_draw_2a7ca2565e.webp" alt="join registrasi lucky draw.webp" width="601" height="301"></a></figure><h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:18pt;text-align:justify;" dir="ltr">1. Bitcoin Cash (BCH)</h2>Bitcoin Cash (BCH) posted a 9.36% gain last week, breaking through the $300 mark and ending last week at $327. Even though it experienced a mild correction, BCH still maintained its upward trend.Besides that, BCH managed to surpass the 20-day moving average (20-day MA) at $319 on September 11. Currently, this level is a key support that is important to monitor. If the bullish momentum continues, BCH could potentially reach the $340 to $350 target.However, there are big challenges to be aware of. The Bollinger Band Trend (BBTrend) indicator is still showing a bearish signal, which indicates weakness in the uptrend.&nbsp;Additionally, BCH trading volume is decreasing despite the price moving up, which could indicate a lack of buying power.Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/5-meme-coin-sui-terbaik">These are the 5 Best Meme Coins on the SUI Network!</a>&nbsp;&nbsp;<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:18pt;text-align:justify;" dir="ltr">2. Dogelon Mars (ELON)</h2>Dogelon Mars (ELON), a meme coin which was inspired by Dogecoin and the name Elon Musk, managed to record a 6.11% increase last week. Even though its performance is still below the overall market, ELON is still showing a positive trend.ELON is currently above its 20-day moving average ($0.00000012566), with major resistance at the upper Bollinger Band level ($0.00000013075).&nbsp;In addition, the RSI (Relative Strength Index) is at 46.39, which indicates that this asset has not entered a condition overbought.If the bullish trend continues, ELON has the potential to test resistance at $0.00000013075. Conversely, if it fails to stay above the 20-day MA, ELON could return to testing support at $0.00000011944.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/airdrop/BabyDoge?cn=400001"><img src="https://static.bittime.com/cms-static/upload/OPS_Baby_Doge_Staking_5ebc1b8dc4.webp" alt="OPS - BabyDoge + Staking.webp" width="600" height="301"></a><h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:18pt;text-align:justify;" dir="ltr">3. Nervos Network (CKB)</h2>Nervos Network (CKB) had its most impressive performance last week with a 117% gain, ending last week at $0.01449. This price spike began on September 13, with a rise of 51%, the largest daily increase since February.This bullish momentum took CKB to its weekly high of $0.01762 before experiencing a slight correction.&nbsp;However, the Commodity Channel Index (CCI) indicator which is at 369 shows the condition overbought, which signals a possible short-term correction.Meanwhile, the main support level is at $0.00845, which also serves as a pivot point. If the positive momentum continues, CKB has a chance to break the highest level in the last 3 months and continue the rally.&nbsp;&nbsp;<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:18pt;" dir="ltr">Conclusion</h2>That is 3 crypto assets to pay attention to this week. Understanding the technical and fundamental conditions of each crypto asset is very important to make the right decisionBCH attracts attention with its technical moves, ELON offers upside potential from a strong community, while CKB steals the show with a significant price spike. So, which assets attract your attention the most?Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/5-cara-memaksimalkan-reward-airdrop-boinkers">5 Ways to Maximize Boinkers Airdrop Rewards</a>&nbsp;&nbsp;<h2 style="line-height:1.7999999999999998;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">How to Buy Crypto di Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://play.google.com/store/apps/details?id=com.bittime.currency.exchange&amp;hl=id?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Cara_Beli_NEW_e4ecd75e9d.webp" alt="Cara Beli NEW.webp" width="753" height="301"></a>Want to trade sell<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://play.google.com/store/apps/details?id=com.bittime.currency.exchange&amp;hl=id"> buy Bitcoins</a> and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!Check the exchange rate<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/btc-to-idr"> BTC to IDR</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/eth-to-idr"> ETH to IDR</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/converter/sol-to-idr"> SOL to IDR</a> and other crypto <meta charset="utf-8">assets to find out today's crypto market trends in real-time on Bittime.

thumbnail_BCH, ELON, and CKB.webp

BCH, ELON, and CKB.webp

Mt. Gox has made its fourth repayment in Bitcoin (BTC) and Bitcoin Cash (BCH) to several creditors. 

Mt. Gox Makes Fourth Repayment 

thumbnail_Mt. Gox Makes Fourth Repayment.webp

Mt. Gox Makes Fourth Repayment.webp

Mt. Gox Makes Fourth Repayment in BTC and BCH 

This report will explore BCH's historical performance, analyze recent trends, and examine potential future price movements.

Bitcoin Cash (BCH): Price Predictions and Future Prospects

Bitcoin Cash (BCH) Price Predictions and Future Prospects.png

thumbnail_Bitcoin Cash (BCH) Price Predictions and Future Prospects.png

Creditors of Mt. Gox have finally started accepting repayments in Bitcoin and Bitcoin Cash through the Kraken exchange. 

Mt. Gox Creditors Start Accepting Bitcoin and Bitcoin Cash Via Kraken

<img src="https://static.bittime.com/cms-static/upload/Mt_Gox_Creditors_67fd6dced3.webp" alt="Mt. Gox Creditors" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> - Creditors Mt. Gox eventually started accepting compensation in the form of Bitcoin and Bitcoin Cash via the Kraken exchange. This good news comes after a long process since the bankruptcy of Mt. Gox a few years ago.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:2pt;margin-top:12pt;text-align:justify;" dir="ltr">Bankruptcy of Mt. Gox</h2>Mt. Gox, which at one time was one of the world's largest crypto exchanges, went bankrupt in 2014 after losing around 850,000 Bitcoins to a hacker attack.&nbsp;This bankruptcy resulted in huge losses for its users and shocked the entire crypto industry. Since then, creditors of Mt. Gox had hoped to recover some of their lost funds.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?=cn400001"><img src="https://static.bittime.com/cms-static/upload/banner_staking_coin_8abe277d88.webp" alt="banner staking coin.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:2pt;margin-top:12pt;text-align:justify;" dir="ltr">Creditor Compensation Payment Process Mt. Gox</h2>After several years of waiting, Mt. Gox creditor has begun receiving compensation through Kraken after the exchange received 48,641 Bitcoins (worth more than $3 billion) from the bankruptcy administrator of Mt. Gox on July 16th.&nbsp;This payment is part of rehabilitation efforts to recover some of the losses experienced by creditors. Sending funds to creditors is carried out via Kraken, which is expected to complete the distribution process within one to two weeks.&nbsp;Additionally, according to crypto tracking company Arkham, Mt. Gox has also moved 42,587.49 Bitcoins (approximately $2.8 billion) to new addresses as part of this distribution process.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Blog_7d687b658d.webp" alt="Banner Blog.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:2pt;margin-top:12pt;text-align:justify;" dir="ltr">Impact on Crypto Markets</h2>This news was welcomed by creditors who have been waiting years to get their funds back. Creditors can take comfort in getting some of the compensation they have long awaited. This process also shows progress in rehabilitation and fund recovery efforts in the crypto industry.Meanwhile, distribution of large amounts of Bitcoin is also possible to influence the crypto market. With over $3 billion in Bitcoin released into the market, there is the possibility of significant price fluctuations. However, until now, the direct impact of this distribution on Bitcoin prices remains to be observed further.<h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Daftar_Bittime_c71afe9bcb.webp" alt="Banner Daftar Bittime" width="2985" height="620"></a>You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;</a>price&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?cn=400001">&nbsp;Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?cn=400001">&nbsp;Solana (SOL)</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

thumbnail_Mt. Gox Creditors.webp

Mt. Gox Creditors.webp

Presto Labs recommends going long on Bitcoin (BTC) and short on Bitcoin Cash (BCH). What is the reason for this recommendation? Read this article to find out!

Long BTC and Short BCH Positions

<img src="https://static.bittime.com/cms-static/upload/Long_BTC_and_Short_BCH_Positions_3a38bf6116.webp" alt="Long BTC and Short BCH Positions" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> -&nbsp;Presto Labs, a trading company based in Singapore, provides recommendations for taking a long position on Bitcoin (BTC) and short on Bitcoin Cash (BCH). What is the reason for this recommendation? Read this article to find out!<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Lucky_Draw_Bittime_072d476ddf.jpg" alt="Lucky Draw Bittime" width="746" height="155"></a><h2 style="line-height:1.38;margin-bottom:4pt;margin-top:18pt;text-align:justify;" dir="ltr">Bankruptcy Mt. Gox</h2>Mt. Gox, once the world's largest crypto exchange, suffered a major hack in 2014 that resulted in the loss of hundreds of thousands of BTC.&nbsp;After years of legal proceedings, affected creditors began receiving compensation in the form of BTC and BCH.&nbsp;Total compensation of more than $73 million in BCH and $9 billion in BTC will be distributed to the market in the period between July 1 and October 31, 2024.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Staking_Meme_Coin_3f18ac9bb9.jpg" alt="Staking Meme Coin" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:4pt;margin-top:18pt;text-align:justify;" dir="ltr">Presto Labs: Long BTC dan Short BCH</h2>Presto Labs, through their market analysts led by Peter Chung, suggests a market neutral trading strategy. This strategy involves going long on BTC and short on BCH.&nbsp;Presto Labs argues that this will allow investors to take advantage of the differences in supply and demand dynamics resulting from Mt payments. Gox.According to Presto Labs, selling pressure on BCH will be 4 times greater than on BTC. Data shows that BTC's trading volume in the last 24 hours reached more than $27 billion, while BCH only reached $180 million. Thus, going long on BTC and short on BCH is considered the most efficient way to take advantage of this opportunity.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/airdrop/Hamster_Kombat?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Airdrop_Hamster_Kombat_Bittime_7831a61198.webp" alt="Airdrop Hamster Kombat Bittime.webp" width="1600" height="332"></a><h2 style="line-height:1.38;margin-bottom:4pt;margin-top:18pt;text-align:justify;" dir="ltr">Impact on Crypto Markets</h2>Compensation payments by Mt. Gox is expected to have a significant impact on the crypto market. A surge in BTC and BCH supply can cause sharp price fluctuations. Investors and traders around the world will be monitoring these developments closely to adjust their trading strategies accordingly.Presto Labs also emphasizes the importance of a deep understanding of market dynamics and technical analysis in situations like this. They advise investors to be careful and conduct thorough analysis before making any trading decisions.<h2 style="line-height:1.38;margin-bottom:6pt;margin-top:18pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Cara_Beli_Crypto_di_Bittime_8a66f330dc.jpg" alt="Cara Beli Crypto di Bittime" width="776" height="273"></a>You can buy and sell crypto assets in an easy and safe way through Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;</a>price&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?cn=400001">&nbsp;Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?cn=400001">&nbsp;Solana (SOL)</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

thumbnail_Long BTC and Short BCH Positions.webp

Long BTC and Short BCH Positions.webp

Presto Labs: Go Long BTC and Short BCH Positions During Repayment Mt. Gox

Bitcoin Cash Coin Price Prediction 2024 - 2025 - 2030: BCH Analysis

Bitcoin Cash Coin Price Prediction 2024 - 2025 - 2030 BCH Analysis.webp