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Bitcoin Cash Price Analysis: Token breaks long-term resistance following bullish resurgence

The cryptocurrency market opened on February 9 to an incredibly bullish wave following weeks of sluggish movement. Bitcoin Cash [BCH] experienced a bittersweet rise, as the coin pushed above the $2 billion-mark, and added close to $300 million to the market cap, but was surpassed by the ‘digital silver’ Litecoin [LTC], on the back of a remarkable 30 percent increase.

Bitcoin Cash has seen a whopping 11.26 percent price increase against the US dollar in the past 24-hours and the coin’s market cap currently stands at $2.28 billion.

In terms of exchange dominance, LBank takes the top-2 spots, accounting for $39.58 million or 9.58 percent and $32.42 million or 7.85 percent in the BCH/BTC and the BCH/USDT trading pairs respectively. Taking the third spot is BW with 7.53 percent in the BCHABC/USDT trading pair.


The one-hour Bitcoin Cash chart shows an incredible spike in the BCH price, as the collective market rose by $9 billion. Bitcoin Cash saw a massive uptrend during the…

Read Full Story : AMBCrypto

2019-02-09 18:30:59

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