RATE Group | Bitcoin Cash (BCH) and Bitcoin SV (BSV) go to the stratosphere, and it’s not the end
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Bitcoin Cash (BCH) and Bitcoin SV (BSV) go to the stratosphere, and it’s not the end

21 Dec Bitcoin Cash (BCH) and Bitcoin SV (BSV) go to the stratosphere, and it’s not the end

Posted at 13:21h in Bitcoin News by

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  • BCH continues to defy gravity with 32% gains, BSV follows suit.
  • BCH trades above SMA200 (4-hour) for the first time after the fork.

Bitcoin Cash (BCH) and its blood brother Bitcoin CV defy gravity today. Both coins are the market leaders gaining 32% and 21% respectively since this time on Thursday. It is worth noting that at this stage prices are retracing from intraday highs, which might mean that the pump is over for the time being.

There are no fundamental reasons readily available to explain the stellar growth. Both coins are vulnerable to price manipulations and emotional trading, which makes them highly volatile and unpredictable. Bitcoin Cash (also known as Bitcoin Cash ABC) has returned to the fourth place in global cryptocurrency rating with a market value of $3.7B and an average daily trading volume nearly $2B. It is an exponential growth from less than $100M at the beginning of the week. Bitcoin SV ranks as the 7th biggest coin with a market value of $2.1B and trading…

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