As news.Bitcoin.com reported earlier this weekend, bitcoin cash (BCH) markets have been on a rampage following the canceled 2MB hard fork event. BCH prices have increased three-fold since then, reaching a high of $1810 across global exchanges and has since dropped to around $1400. Alongside this, the network hashrate has also met parity with the BTC chain.
Bitcoin Cash Reaches an All-Time High of $1,650 and $7B in Daily Trade Volume
All eyes are on crypto-markets this week, and they’re looking at two markets in particular: bitcoin (BTC) and bitcoin cash (BCH). The two ecosystems have been sharing a strange correlation over the past 72 hours as BCH has reached new all-time highs and BTC has dropped over $1,300 in the last three days. Bitcoin cash markets are up over 70 percent over the course of the day.
Moreover, Bitcoin cash trade volumes have surpassed $7B in BCH swaps over the past 24-hours. The South Korean exchanges Bithumb, and Korbit are dominating BCH markets, as the won captures 47 percent of the market.