Bitcoin Cash (BCH) is a peer-to-peer cryptocurrency that originated as a hard fork of the original Bitcoin network on 1 August 2017. It was created through a community-activated protocol upgrade designed to address on-chain scaling limitations in Bitcoin Core, principally by increasing the block size limit from 1MB to 8MB. This larger block capacity allows the network to process a significantly higher number of transactions per block, resulting in faster confirmation times and lower transaction fees compared to the chain it forked from. The project positions itself as preserving the monetary qualities envisioned in the original Bitcoin software. Rather than implementing changes through soft forks such as Segregated Witness, Bitcoin Cash carries out protocol upgrades primarily through hard forks, while keeping the original issuance schedule and economic rules of Bitcoin intact. It operates as a Layer 1 blockchain secured by a Proof of Work consensus mechanism and is classified among the major Bitcoin forks. In November 2018, a hash war within the BCH community led to a further split, producing the separate Bitcoin SV network alongside what continued as Bitcoin ABC.
The failed breakout above $83,000 is the real story — a pattern of lower highs since October is now a credible bear-market signature, even with S&P 500 futures near all-time highs.
XLM was the only gainer on the broad basket as the index fell to 1961.44, with NEAR and BCH each shedding more than 12% on the day.
BCH led the CoinDesk 20 movers on a measured up day, a quiet bid rather than a breakout in a basket still anchored by the majors.
All 20 constituents posted losses in the latest reading — a synchronized sell-off that frames BCH's 13% drop less as an isolated move and more as a tape-wide de-risking.
Trump's 'clock is ticking' warning to Iran pushed Brent above $112 and Bitcoin to a multi-week low at $76,500 — but the real signal is the $677M liquidation cascade and a 14% Treasury-vol spike that…
Thirteen of twenty constituents still trade higher, with ICP (+9.7%) and DOT (+1.7%) leading — a broad-market session where laggards, not leaders, set the index tone.
Bitcoin Cash is a hard fork of Bitcoin with a protocol upgrade to fix on-chain capacity.
Bitcoin Cash (BCH) is categorised as: Smart Contract Platform, Layer 1 (L1), Bitcoin Fork.
The official Bitcoin Cash site is https://bch.info/.
Most recent Bitcoin Cash coverage: "Bitcoin Hits April Low as BTC Drops Below $74K Support" — read at /en-US/a/btc-slides-to-april-lows-as-crypto-decouples-from-record.
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