Bitcoin Cash is a household name in the cryptocurrency world.
Its never far from being in the top five cryptocurrencies by market capitalization.
But in the grand scheme of things, its not that old.
Bitcoin Cash was created in August 2017.
Its creators wanted to create a cryptocurrency that acted as close to a digital version of cash as possible.
However, this didnt last for that long.
Further infighting and disagreements meant Bitcoin Cash itself forked in August 2018, resulting in two different blockchains.
Based on the stance most cryptocurrency exchange desks took, Bitcoin ABC continued to be recognized as Bitcoin Cash.
Bitcoin ABC/Cash continues to use the BCH price ticker while Bitcoin SV uses BSV.
But lets take a look at how Bitcoin Cash has performed recently.
The cryptocurrencys performance for most of 2019 has been somewhat uneventful.
On June 16, Bitcoin Cash reached its 2019 high, when it was trading at $487.
In the context ofcryptocurrency volatility, this 30-percent drop is a somewhat minor price correction.
Across the winter of 2017 to 2018,Bitcoin Cash saw its price tumble by over 75 percent.
After this market correction, Bitcoin Cash recovered enough to trade sideways for most of August.
However, that was as good as it would get for the digital coin in Q3.
Bitcoin Cash did manage to stave off the doom and gloom for a little while longer though.
Unfortunately, on September 19Bitcoin, Cashs price began to tumble as the coin witnessed another sizable market correction.
Bitcoin Cash showed no signs of recovering in the final days of the quarter.
On September 30, the coin was trading at $223, 45-percent down on where it opened Q3.
Looking ahead
Its been a shaky start to the last quarter of the year for Bitcoin Cash.
for most of October it has been trading sideways with no notable price swings.
In the hours following the news, Bitcoin Cashs price increased by 10 percent.
Story byMatthew Beedham
Matthew is the editor of SHIFT.
He likes electric cars, and other things with wheels, wings, or hulls.
