This week bitcoin cash (BCH) prices touched a low of $850 per coin, after following suit with the majority of other digital assets taking losses over the past five days. The price started to reverse yesterday evening and has climbed 11 percent in value touching $992 during the March 19 afternoon trading sessions (EDT).
Bitcoin Cash Markets Show Some RecoveryBitcoin cash markets are looking better on Monday, March 19, as the price has lifted from its $850 dip back towards the $1K zone. BCH global trade volume has increased since the weekend, as it commands $449Mn in global trade volume over the past 24-hours. Bitcoin cash markets also hold the sixth highest trade volumes today just under litecoin and ripple. The top exchanges trading the most BCH include Okex, Huobi, Lbank, Hitbtc, and Bitfinex. Looking at the statistical data for BCH volume-by-currency the most traded currency with bitcoin cash right now is BTC. BTC/BCH swaps represent 38 percent of the market, and this is followed by tether (USDT 26%), USD (22%), the South Korean won (8.9%), and ethereum (ETH 2.1%).
The BCH chain is over 7800 blocks ahead of the core network, but the BTC chain is still 28.5 GB larger. The bitcoin cash difficulty is operating at 10.8 percent of the core chain’s difficulty, and BCH is 4.2 percent more profitable to mine at the time of publication. There are roughly 13 mining pools processing BCH blocks including Antpool, SBI Crypto, Coingeek, Bitcoin.com, Viabtc, BTC.top, Bitclub, BTC.com, and roughly three unknown mining pools. BTC.top has the largest slice of the BCH network hashrate capturing 25 percent today.
Read more:
https://news.bitcoin.com/bch-markets-infrastructure-roundup-optimism-in-the-air/
