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Why is Bitcoin Cash and Litecoin Driving Monday Morning Markets in Asia?


Weekends are usually pretty inactive for crypto markets and
this one has been no different. Total capitalization has hovered just above
$170 billion for the past three days as Bitcoin has failed to register any
momentum following last
week’s big correction
.

Monday morning has brought some movement to markets however as
Asian traders get down to business but it is not Bitcoin leading things this
time. The $5 billion influx to cryptocurrencies over the past 12 hours or so
has been largely down to big moves being made by Bitcoin Cash and Litecoin, the
fourth and fifth largest crypto assets by market cap.

Bitcoin Cash Spikes 11%

A surge from $275 to just over $305 for BCH has pushed its market cap back up over $5 billion again. Daily volume jumped from $900 million to $1.2 billion a few hours ago as Bitcoin Cash started pumping again, registering an 11% gain on the day.

BCH price 24 hours – coinmarketcap.com

The top exchange for BCH at the moment is Chinese OEX…



Read Full Story : Ethereum World News

2019-04-15 04:55:31

Luke Thompson

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