Bitcoin Cash (BCH) has gained momentum and experienced significant value increases as the cryptocurrency market rebounded yesterday. BCH recorded a 15% increase in value over the past 24 hours, trading at $218. With its recent value gains, Bitcoin Cash emerged as one of the top-performing cryptocurrencies in terms of percentage growth among high market cap digital assets.
Current State of the Crypto Market
The Grayscale case has had a strong impact on the cryptocurrency market. The leading cryptocurrency Bitcoin (BTC) surpassed the $28,000 price level during the day with its rapid value increases. Most altcoins in the crypto market also experienced a rapid surge due to BTC’s value gains, resulting in various levels of value increases over the past 24 hours.
While cryptocurrencies such as Curve DAO Token (CRV), Casper (CSPR), and Huobi Token (HT) continued to lose value, the overall upward trend in the market led to double-digit value increases for numerous altcoins. The total market capitalization of the crypto industry reached $1.09 trillion, according to CoinMarketCap (CMC) data.
Bitcoin Cash (BCH) also had a significant surge alongside the market’s upward trend. Following the recent increases, BCH’s market capitalization surpassed $4.2 billion, and its total trading volume in the past 24 hours showed an increase of over 250%.
Value Increase Reaches 15%
Bitcoin Cash (BCH), like many other cryptocurrencies, experienced a double-digit value increase yesterday as the crypto market turned upward again. Over the past 24 hours, BCH gained 15% in value and started trading at $218.
Furthermore, Bitcoin Cash (BCH) briefly reached $226 as the leading cryptocurrency BTC surpassed the $28,000 level. With its recent value gains, Bitcoin Cash (BCH) became the second-highest percentage gainer among the top 100 cryptocurrencies by market capitalization in the past 24 hours, according to CMC data.
