The recovery in the cryptocurrency market and, especially in Bitcoin (BTC) price has dimmed many investors’ hopes for a pre-halving retrace. After the largest crypto bounced back from $60,500 support, its fork, Bitcoin Cash (BCH) price also gained immense momentum, climbing by 14% to $424 during the US business hours on Thursday.
Other altcoins generally moved up including Ethereum (ETH) which currently hovers at $3,542. Solana (SOL) gained by 9.5% topping $190 while Binance Coin (BNB) steadies its uptrend toward $600, rising by 6% in 24 hours.
Bitcoin Cash boasts a staggering 60% surge in the trading volume to $814 million as the market cap ticked by 12% to $8.3 billion. BCH ranks #17 among other cryptos.
Bitcoin (BCH) Price Nurtures Falling Wedge Breakout
The rally in Q4 prepared Bitcoin Cash for a bigger rally in Q1 which blasted the coin to new yearly highs at $530. However, the bullish theory took a temporary dive at the beginning of March as investors pocketed early profi
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