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Bitcoin Cash [BCH] Price Analysis: Bears inch closer to the bulls as long-term stability holds


The collective cryptocurrency market has seen varied movement since the beginning of the week, with the market cap dropping to $120.7 billion. Bitcoin Cash [BCH] managed to add over $150 million to its market cap during the bullish wave last week, but since coins like Litecoin [LTC] and EOS [EOS] saw massive double-digit price surges, BCH was pegged down to the sixth spot on the global coin ladder.

At press time, value of Bitcoin Cash has fallen by 2.36 percent to $121.64 against the US dollar in the past 24 hours, while the coin’s market cap has now declined to $2.14 billion.

In terms of exchange dominance, LBank takes the top-spot with $22.39 million or 8.58 percent of Bitcoin Cash volume held in the trading pair BCH/BTC. Following up is P2PB2B2 and BW with 6.06 percent and 5.97 percent of BCH volume held, in the trading pairs BCH/USD and BCHABC/USDT respectively.

1-hour

Source: TradingView

The one-hour Bitcoin Cash price has two successive uptrends followed by a brief period…



Read Full Story : AMBCrypto

2019-02-12 11:30:23

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