Bitcoin and Bitcoin Cash; Huge Volume and Wild Price Swings

 
- Bitcoin turnover exceeds $7 billion in the last 24 hours with switching commonplace.
- Bitcoin Cash trebles in value before selling off sharply.

Unpresented volatility in the crypto-currency market over the weekend with Bitcoin (BTC) and Bitcoin Cash (BCH) both hitting record volumes as traders switched between the two, while Korean Won buyers piled into Bitcoin Cash. BCH has been rallying since mid-last week after the Segwit2x fork was cancelled with miners allocating resources back to BCH chain. Bitcoin Cash is currently more profitable for miners causing hash power to be moved from one blockchain to the other causing the Bitcoin blockchain to slow down and fees to increase. BCH has a block size of up to 8 MB compared to BTC’s block size of 1 MB.
Bitcoin Cash saw a huge upturn in volume with just under $1.4 billion traded against the Korean Won at the Bithumb exchange.