The cryptocurrency market has captured a strong uptrend this week. Bitcoin Cash (BCH), swaying with the bullish wave, has recorded an average 80% value increase over the past week, according to CoinMarketCap (CMC) data. Consequently, it reached the highest price level in the past year and started trading from $195.
Market-wide Bullish Wave
This week, Bitcoin (BTC), the leading cryptocurrency, caught a bullish momentum, recording over 2% value increase in the past 24 hours and started trading from the $30,700 price level. Concurrently, the entire cryptocurrency market shifted to an uptrend. Ethereum (ETH) came significantly close to $1900 price levels after its recent surges, pushing the total market value of the crypto ecosystem to $1.19 trillion, according to CMC data.
Bitcoin Cash (BCH) Hits 1-Year High
Bitcoin Cash (BCH), born from Bitcoin’s hard fork in 2017 and one of the popular cryptocurrencies in the market, captured a strong uptrend after a long while. BCH, affected by the bullish trend in the crypto market, recorded an average 80% value increase over the past week, according to CMC data. In the last 24 hours, BCH marked over a 35% increase, reaching its highest price levels in the past year and started trading from $195.
Following these recent surges, Bitcoin Cash (BCH) became the cryptocurrency with the highest percentage of value increases both in the past 24 hours and over the past week among the top 100 cryptocurrencies by market cap, according to CMC data.
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