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 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.
Bitcoin Cash has traded higher in the past 24 hours as the altcoin’s price mirrors the upside movement witnessed in the Bitcoin market. Bitcoin 2024 conference adds to bullish sentiment As BTC changes hands around $68,201 on July 27, the price of BCH hovers near $383.
In the latest recovery, Bitcoin Cash posted an almost 25% gain in the past week and continued to show signs of strength. It is approaching a critical resistance, where a bigger surge in volatility could take place.