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Bitcoin {BTC} sinks at Bitcoin Cash {BCH} jumps up; king coin enthusiasts reassure future gains

Bitcoin is the top ranked coin in the market. The price of BTC dropped by 6.45% in the course of the past 24-hours. The trading volume recorded is $18.001 billion, whereas the supply has 17,875,225 BTC tokens in play. The total market cap of Bitcoin is $190.248 billion. This depicts that Bitcoin has suffered losses in the span of a few days. BTC is priced at $10,643.11 for now.

On the other hand, Bitcoin Cash, ranked at #4 on coinmarketcap, jumped by 6.38%. The price has been steadily growing for a while, and BCH stands at $350.55 presently. The trading volume recorded is $1.780 billion, while the supply has 17,946,363 BCH tokens involved. The total market cap of Bitcoin Cash is $6.291 billion.

New Zealand has henceforth declared that salaries can be paid to employees in the form of Bitcoins [BTC]. Now, this small and progressive nation in the South is bound to witness a greater rate of adoption involving cryptocurrencies. From September 1st, organizations will be able to make payments to bank accounts using cryptocurrencies.

A proposed law dictates that even bonus might be paid in a similar manner. Tone Vays who is a long-time supporter of the king coin and has been heavily dismissive of Ripple in the past posted this

Executives of Ripple have tried to distinguish themselves from the rest of the projects in the market many a times prior to this moment. The future might be bleak for XRP HODLers as the coin refuses to surge ahead.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.