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)
Not only the cancellation of SegWit2x is the reason for BCH pump but even failure of BTG hardfork is also the main reason why all miners are thinking that BCH is the correct one to match the BTC for blocksize like what you said.