Bitcoin Cash's price rose above the $400 mark today, breaking the rangebound market trend of the past several days.
The cryptocurrency climbed as high as $406 today, according to data from CoinMarketCap . The move followed days of steady market fluctuations, with the price of Bitcoin Cash trading no more than a few dollars above or below the $300 level.
The largest Bitcoin Cash market by-volume is Bithumb, which accounts for roughly 30 percent of the global trade through its Korean won-Bitcoin Cash trading pair, CoinMarketCap figures show. The exchange reports more than $145 million in volume over the past 24 hours.
At press time, Bitcoin Cash is trading at about $391 on Bithumb.
As previously reported by CoinDesk, Bitcoin Cash split off from the main bitcoin blockchain earlier this month when a group of miners and developers moved to adopt software, with new network rules, that was incompatible with the rest of the network. The result: bitcoin "forked" into two distinct blockchains with their own freely-traded digital assets.
Today's upward price action comes just hours after bitcoin reached a new all-time high above $4,500.
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meh.. still not trying to touch it really. will look to buy after it breaks .068 support
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But I think the best thing is to touch it now because the price is not coming down with the way things are this days
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no way.. to much bitcoin cash waiting on the sidelines to get dumped.. i wont be buying till i see a huge sell off or until all the bitcoin cash has been distributed by exchanges.
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You think all the bitcoin can be distributed by exchangers with the way bitcoin is trending this days
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that sentence doesn't make any sense.
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