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Bitcoin Cash [BCH] on a Bullish move, rises more than 40% today



Bitcoin Cash [BCH] on a Bullish move

Bitcoin Cash is currently the 4th largest cryptocurrency by market capitalization $2,833,039,091 USD. Today it’s in a massive bullish move as the price of BCH surges more than 40% till the press time.

As Crypto markets continue to recover from this year low, some cryptocurrencies are performing better than others. It seems that yesterday was the day of EOS and today is the day of Bitcoin Cash [BCH]. Yesterday EOS was up more than 30% and currently up by 5.88% as per CoinMarketCap.

Bitcoin Cash price chart by CoinMarketCap
Bitcoin Cash Price Chart by CoinMarketCap

Bitcoin [BTC], Ripple [XRP] and Ethereum [ETH] have also recovered a lot from this year low. As per CoinMarketCap the all-time high of Bitcoin Cash [BCH] was $4091.70 on 20th of December 2017. Since then it’s down by more than 95.8% from its all-time high.

BCH has shown a sign of good recovery as it is up by more than 62.7% in 7 days. Bitcoin SV is also up by 23.47% at the press time and is currently trading at $105.55 with a market capitalization of $1,849,192,153 USD.

As per the trading volume, today Bitcoin Cash was traded mostly on Upbit with a trading volume of $117 million in BCH/KRW pair. It was followed by Binance which have recorded a trading volume of $102 million in BCHABC/USDT pair and $68 million in BCHABC/BTC pair. Huobi is the 3rd in terms of trading volume as it records $80 million in BCH/USDT pair.

Bitcoin Cash has now gained the 4th position on CoinMarketCap in terms of market capitalization leaving behind EOS. Now the fight is in between the EOS and Stellar, currently EOS is at the 5th place. But Stellar can get that place anytime as the gap is not large enough.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.