After dropping in value with the rest of the cryptocurrency ecosystem the digital asset bitcoin cash (BCH) is making a comeback over the past 72 hours. BCH reached a low of $620 per coin on April 6 and a week later the price has increased over ten percent. At the moment during today’s trading sessions on Friday, the 13th, bitcoin cash is averaging around $760 per coin.
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Bitcoin Cash Market Values Begin to Rebound
Bitcoin cash markets are seeing some healthy gains over the past 72-hours, jumping over 10 percent in value after coming close to dropping below the sub-$600 region. BCH proponents have been optimistic as the decentralized currency has added $3.2Bn to its market capitalization. Trade volumes worldwide for BCH have also increased significantly as the past 24-hours has seen $412Mn USD worth of trades across global exchanges. Right now bitcoin cash is the eighth most traded cryptocurrency today just below the digital asset tron. The top five exchanges trading the most BCH on April 13 include Hitbtc, Okex, Huobi, Bitfinex, and Lbank. Most of the trades on these trading platforms are paired with tether (USDT) or the U.S. dollar but trades with BCH on Hitbtc are primarily in BTC. Other notable exchanges swapping a lot of bitcoin cash volumes today include Bitstamp, GDAX, Binance, and Bithumb.
The top five currencies swapped for bitcoin cash includes BTC (44%), USD (22.6%), tether (USDT 21.2%) the South Korean won (6.3%), and the euro (2%). Bitcoin cash trade volumes over the past thirty days are around $9Bn and the cryptocurrency is the seventh most traded digital currency this month. Since August 1, 2017, there have been 47,131 BCH blocks mined and the BCH chain
