The biggest crypto on the global market, except for Bitcoin Cash, are struggling to recover their price. Bitcoin, Eterium, Lightcoin, and Ripple demonstrated little change in price, not showing a big change in price.
While most crypto currenices on the market have declined from 1% to 3% or a small increase in price, Bitcoin Cash has jumped nearly 20%, with most traders suspecting a short-term pump. In the last few weeks, during the major correction, the cost of many of the crypto fell by over 50%. Of course, there were also some rare cases where small like FunFair increased for a short period of time.
Over the past 24 hours, however, the price of the Bitcoin Cash increased from $ 995 to $ 1,300, with the volume being heavily concentrated on the Hong Kong-based OKEx Exchange. Bitcoin Cash remains the most commonly traded crypto on the platform, which is currently the largest exchange of crypto in the world with a daily volume of trade of $ 2.4 billion. Previously, the OkEx exchange was in a backward position, with UpBit and Binance having a larger daily trading volume. But as Binance is offline for more than 24 hours because of a server problem, OKeX temporarily overtakes Binance in the rankings.
Qtum and Eterium Classic have made a major positive change in their price. The similarity between all the cryptoLights that have made a tremendous positive change in their price over the past 24 hours is that they are all heavily concentrated on the South Korean market.
With a daily deal volume of more than $ 2.4 billion, Bitcoin Cash has rarely achieved $ 2 billion worth of trade in the past few months, and so the huge change in the price of the coin remains questionable.
Short-term development
Overall, although the market has recovered from a major adjustment in the past few weeks, the market is still struggling to show signs of a moderate recovery. The hedge fund investor and Pantera Capital CEO Dan Moreread said Bitcoin, along with other crypto, is likely to rise again within a few weeks.
"It seems that in a few weeks everything will be normal again and Bitcoin can start to grow again."
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