Bitcoin Cash (BCH) Price Rallies, Boosted by Bitcoin (BTC)

Cryptovest

Published Apr 03, 2019 04:22AM ET

Updated Apr 03, 2019 05:41AM ET

Bitcoin Cash (BCH) Price Rallies, Boosted by Bitcoin (BTC)

Bitcoin Cash (BCH) was a long-sleeping altcoin displaying stagnant prices before Tuesday’s rally took the valuations to a new price range. BCH exploded both in dollar price and against Bitcoin (BTC), becoming one of the altcoins where BTC funds flowed in.

BCH traded at $251.98 as of 6:30 UTC on Wednesday, on trading volumes of $2.4 billion in the past day. The coin also rallied to 0.05 BTC, still far from the peak levels around 0.15 BTC and above, set during previous rallies. The asset is yet to recover the $400 range, lost since the November 15 hard fork.

BCH is one of the coins that charts significant inflow...