2019-3-30 19:14 |
Chinese crypto mining giant Bitmain has announced a launch date for its new energy-efficient Antminer S17 series miners
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The last 24 hours marked another major decrease in BCH price as it dropped to $300. It has found support above this level, but there’s no assurance if it will hold for long in the latest down surge.
Bitcoin Cash (BCH) remains well below its all-time high and continues to hover within an accumulation range that goes back seven years. In recent trading, BCH has struggled to break higher and formed a descending triangle following rejection around $640 in early December.
The cryptocurrency market experiences positive sentiments as Bitcoin nears $100K after topping $97K. Amidst the bullish trends, Bitcoin Cash (BCH) surpassed the $10 billion market cap after significant 24-hour surges.
Bitcoin Cash price rallied alongside Bitcoin (BTC) in recent weeks, rising from lows of $321 earlier this month to hit $488 across exchanges. The level is the highest for BCH price since early June, when the altcoin fell below $500.
Bitcoin Cash price started a major increase above the $350 resistance. BCH is consolidating and might aim for more gains above the $385 resistance. Bitcoin cash price started a fresh increase above the $350 level.
Since August’s recovery, Bitcoin Cash BCH found it difficult to break lower as it reestablished support with a slight bounce. It appeared strong on the day following a 15% surge since the start of the week.
Cryptocurrencies are registering an uptick as the market reacts to the Federal Reserve’s interest rate cut on September 18. After topping $61. 2k on Tuesday, BTC slipped back under $60k as market jitters resumed.