None of 29 for 30 cherniy the Bitcoin Cash (BCH) rate has risen by 35% – from $240 to $325, breaking the 14-month high.
At the time of writing, the asset is being sold for $297. For tizhden increase to become 130%.
Incidentally, the sharp increase is due to the surge in BCH trading in the Korean Won (KRW) pair on the Upbit exchange. Zgidno with tribute CoinGeckofor the rest of the mining, the trading turnover of the coin on the platform reached $676 million.
Indicator BCH/KRW mayzhe 5.5 times higher, lower BCH/USD on Coinbase — 101 million dollars.
Analysts of IntoTheBlock also recorded the largest volume of BCH transactions for the river, exceeding $750 million.
1/2 Bitcoin Cash (BCH) soars 70% in a week, riding high on its recent inclusion on #EDX, the Citadel Securities-Backed Crypto Exchange. Yesterday saw the highest volume of BCH transacted in a year, exceeding a staggering $750M.🔗 https://t.co/1qZbEChogW #BitcoinCash pic.twitter.com/OEOYG61sQR
— IntoTheBlock (@intotheblock) June 29, 2023
Experts allowed that a sharp increase could be associated with traders, yakі utrimuyut asset less than a month. The number of such investors increased by 33% over the remaining 30 days.
Capitalization of BCH reached more than $6 billion, adding 33.6% in 24 years.
Guessing, the herbal retailers of the project created updating CashTokens, as it allows generating digital assets in the middle of the measure, including interchangeable ones non-fungible tokensas well as DeFi zastosunki based on Bitcoin Cash.