RATE Group | Bitcoin Cash Price Climbs 11% to Hit 2-Month High
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Bitcoin Cash Price Climbs 11% to Hit 2-Month High

07 Nov Bitcoin Cash Price Climbs 11% to Hit 2-Month High

Posted at 01:11h in Bitcoin News by

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The price of bitcoin cash rose more than 11 percent on Tuesday, pushing its price to a new two-month high.

Market data shows that the cryptocurrency’s price has risen 30 percent since Sunday, and is currently trading at roughly $623. Bitcoin cash is the fourth-largest cryptocurrency by market capitalization, CoinMarketCap data shows.

The price of BCH was trading hands at $425 before surging 32.5 percent, where it reached a then-peak of $588 on Nov. 5, clocking a 5-week high in the process when it was later confirmed, according to Coinbase exchange data.

The market developments come as bitcoin cash prepares for a hard fork – or backward-incompatible code change – on November 15, this time involving two different implementations: Bitcoin ABC and Bitcoin SV. The cryptocurrency was originally created by way of a hard fork off of the original bitcoin network after the scaling debate boiled over last year.

 

BCH’s price boost makes it one of the top-performing…

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