Bitcoin Cash (BCH) entered Wednesday in a bright sentiment increasing more than 7.5% against the US dollar over a 24-hour period so we are looking closer on the price movements in today’s altcoin news.
Earlier today the BCH/USD pair was trading at $129 according to the data on CoinMarketCap. The total market cap reached $2.282 billion which is the best position for Bitcoin Cash since January 15, 2019. Its 24-hour adjusted volume is somewhere above $256.240 million.
However, many other top cryptocurrencies didn’t do so well. The price of bitcoin surged by a tiny 2%, Ripple and Ethereum jumped for 1.6% and 2% over the past 24 hours. Only TRON and EOS came closer to Bitcoin Cash where both of them reached an increase by more than 5 percent against the US dollar.
The man behind Bitcoin Cash, Roger Ver, announced that they are considering updating their Bitcoin.com wallet and some think that this could be the reason for the increase in value. Others think that the reason for that is Bitquick adding BCH support to its platform.
Bitcoin Cash even had a hard time since its hard fork in November 2018 but also because its closest ally Bitmain closed down all global operations and fired nearly 85% of its staff. The co-owner of Bitcoin.org even said that Bitcoin Cash is dead.
According to the crypto trader Moon Overlord, Bitcoin Cash is about to break out of a sizeable descending line trend. Another analyst, Nico, believes that the current move of BCH is a bullish one for assets.
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