Bitcoin Cash (BCH/USD) approaches $1000 after another massive gain

Doris Richards
April 21, 2018

Bitcoin Cash (CURRENCY:BCH) traded 9.5% higher against the USA dollar during the 24-hour period ending at 8:00 AM E.T. on March 27th. Bitcoin Cash provides cheaper and faster transactions as time-consuming Bitcoin transactions were the main obstacle for a number of traders.

If there have been discussions going around over the recent evolution of many different cryptocurrency coins, it would be a shame to ignore one of the most important developments out there in a concise time frame, namely the evolution of Bitcoin Cash (BCH).

Bitcoin Cash can be purchased on these cryptocurrency exchanges: BTC Markets, Korbit, Liqui, Mr. Exchange, BTCC, Bitso, Upbit, BitBay, CoinEgg, Coinrail, Gatecoin, Huobi, Coinsquare, Coinnest, WEX, Bitfinex, YoBit, Lbank, BitGrail, Bitstamp, Luno, GetBTC, BTCBOX, Exmo, Coinfloor, Bitcoin Indonesia, BitMEX, Gemini, Bittrex, EXX, LakeBTC, CoinExchange, BX Thailand, Bleutrade, OKEx, Bit-Z, Bithumb, CoinsBank, Fisco, QuadrigaCX, CEX.IO, Allcoin, Cryptopia, Zaif, Bitbank, HitBTC, Poloniex, Coinone, CoolCoin, xBTCe, bitFlyer, Tidex, ACX, ZB.COM, Negocie Coins, Livecoin, Kucoin,, Bibox, Paribu, GDAX, RightBTC, BL3P, Foxbit, BTCTurk, itBit, Independent Reserve, Quoine, Kraken, Coinroom,, Binance and Bitonic. This means that all major cryptocurrencies have experienced an upside for the last two days.

At the time of writing, Litecoin was down 1.62% to $153.19, as investors lock in profits following the week's gains and Litecoin consolidates ahead of what investors will hope to be another weekend rally.

Significantly, the 61.8 percent Fib retracement level with the previous swing high of $1,068 and a low of $605 will provide stronger support below $900 and particularly at $890. Its volume, price and market capital has seen a positive impact over the last 7days which the current numbers reflect.

April has likewise observed a few conventional Wall Street players edge into the crypto space, recommending that suspicion of more institutional cash and ability is emphatically influencing late markets, and that critical institutional speculation capital could stream into the crypto market as it develops. Ripple crossed the $0.66 and also the $0.68 resistance levels to attain the current high.

At present, AntPool accounts for 7.3 percent of Bitcoin Cash blocks mined within the past week, though it has mined more than 10 percent of blocks mined in the past 24 hours.

Over the a year ago the virtual money has climbed by $654.73 in price. Therefore, Ripple buying might improve the prices even to the $0.80 price level. "If we get that breakout, you're looking at higher moves".

Other reports by Iphone Fresh

Discuss This Article