Bitcoin Cash price rise up by more than $200 in contrast with USD. Now its trading above $500 and remain buy on dips. In past 36 hours, the price of bitcoin cash was stable between $280 to $300. It is noteworthy that more than 46% of Bitcoin Cash's total trading volume is accounted for by Korean exchanges Bithumb, (38.45%), Korbit (7.72%) and Coinone (5.80%). In a pair to the dollar, Bitfinex (7.72%) and Bittrex (7.01%) became the leader in the last 24 hours.
Bitfinex Bitcoin Cash has risen in price to the US dollar by 87.5%, to $ 559. Large volumes of Bitcoin Cash are fixed on the South Korean crypto exchange Bithumb. According to the data of CoinMarketCap for the last 24 hours, the volume of trading amounted to $ 579.3 million. Capitalization at the rate of $ 567 increased to $ 9.364 billion.
The sharp growth of the pair BCH-USD is caused by the news that the Swiss Falcon Private Bank will start the support of the ether (ETH), lightcane (LTC) and Bitcoin Cash (BCH) from August 22. The bank believes that by introducing additional digital currencies, they will satisfy the needs of their customers. Falcon Private Bank offers asset management services based on permission issued by the Swiss Financial Market Supervision Service (FINMA). Now let's see how after a sharp fluctuation the technical picture changed on a four-hour period.
Chart Credit: Tradingview.com
Coinmarketcap data shows that Bitcoin Cash went up the hill in the second half of Thursday, August 17, and at a peak value on Friday night, the asset price reached $ 567. 76. Market capitalization at the same time was $ 9.364 billion, and according to this indicator the coin climbed to the third place in the rating of Crypto-currency, outstripping Ripple. The price rises up higher and broke many barriers on the way up towards $500.
There is a probability that bitcoin cash will break the $600 in next 24 hours. The current growth is about 70% with the market capitalization of 1,957,564 BTC, the chart shows up the solid upward trend around $515 to $550. If bitcoin cash continue going like this might be cross $600 in next 24 hours. In a chart its seems there is little correction will happen towards $470 to $480. I hope this Analysis will be helpful to make your decision about bitcoin cash.