Bitcoin Cash [BCH] in the bear’s clutches, becomes biggest loser among top ten cryptocurrencies

The market opened today, 28th September, to most cryptocurrencies seeing green with popular ones such as Bitcoin [BTC], Ethereum [ETH] and XRP enjoying the bullish boost after some bearish trends over the past few days. Out of the top ten cryptocurrencies, Bitcoin Cash [BCH] was the only one that was suffering the brunt of the bear.

At the time of writing, Bitcoin Cash was sliding at the rate of 5.08% with a total market cap of $9.407 billion. The cryptocurrency was trading at $538.49 with a 24-hour market volume of $989.529 million. Most of the BCH trade volume was occupied by BitForex which held a majority of 22.72%, amounting to $438.985 million. The cryptocurrency’s fortunes were reversed just a day earlier when BCH shot up to $520.79 from a trough of $447.33.

Bitcoin Cash was also in the news recently when news appeared on a Subreddit that Gemini Exchange will soon be adding BCH to its platform. The announcement by Gemini came in the wake of the platform listing another major altcoin, Litecoin [LTC]. Post the reveal, the official Twitter handle of Gemini Support stated:

“We’ve already gotten regulatory approval to list BCH, however, no launch date has been announced. We will be sure to let everyone know once it’s available for trading.”

Reddit user and BCH follower, Rawlsdeep also stated:

“Yay! My preferred exchange prior to the fork! I’m excited to be able to use it again!”

Recently, Simple Ledger Protocol [SLP], a protocol that issues security tokens on the BCH blockchain added a feature called the Bitcoin Files Protocol. The BFP will allow users to validate and upload small files from the BCH blockchain.

Kames Cramer, a Bitcoin Cash programmer and the Founder of the SLP stated:

“SLP Token V1 has two fields in its Genesis transaction called `token_document_url` and `token_document_hash`. These fields allow any additional token related data to be attached to a token.”

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