What is happening to Bitcoin Cash at the moment?
It's already on 850$ and seems to be increasing more and more. Anyone knows the reason for that?
Segwit2x suspension / cancellation is driving people/traders/miners who really do want a larger blocksize and lower fees
towards Bitcoin Cash (which has 8mb blocksize and lower fees).
I think some cash will also flow to Dash now, which will soon have 2mb blocksize and pretty much the lowest fees of them all.
This is a battle of value of store (Bitcoin) versus value of usability (Bitcoin Cash / Dash)
This makes sense. It seems that the people and speculators vs the miners are making this happen.
There wasn't enough support among the miners to activate the fork so I don't think they have enough leverage to make BCC move like this