RATE Group | Cryptocurrency Market Update: Bitcoin Cash Boosted on Stress Test Day
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Cryptocurrency Market Update: Bitcoin Cash Boosted on Stress Test Day

02 Sep Cryptocurrency Market Update: Bitcoin Cash Boosted on Stress Test Day

Posted at 10:25h in Bitcoin News by

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Sunday seeing further gains; Bitcoin Cash, Neo and Verge all performing solidly.

That green feeling has continued over the weekend in crypto land as the recovery gains momentum. Market capitalization has climbed a little again pushing it over $235 billion, its highest level for over three weeks.

Bitcoin keeps climbing, albeit very slowly, it has made 2.3% on the day to trade at $7,230. The next resistance level for BTC is $7,350 which it could reach soon if momentum is maintained. Ethereum has finally made a little progress inching ever closer to $300. ETH is up 3.6% on the day and currently trading at $297.

Altcoins are mostly in the green with a couple really standing out at the moment. The top ten shows Bitcoin Cash streaking away with the lead and a 17% gain on the day to $647. BCH was one of the worst performing cryptos in August dropping 30% over the month. The community is currently conducting a stress test on the network which will determine transaction speed and stability,…

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