Bull Frenzy: Bitcoin Cash (BCH) Is Now up 130% This Week
Last month, the Bitcoin Cash (BCH) community was divided when the Bitcoin alternative underwent a hard fork to create Bitcoin Cash ABC (BCHABC) and Bitcoin Cash SV (BCHSV).
While the controversial hard fork has resulted in significant value destruction for Bitcoin Cash, both in brand perception and price, the recent surge has helped BCH reclaim nearly $2 billion in value.
Now, Bitcoin Cash, which was Bitcoin Cash ABC before the fork, is up a whopping 43% over the last 24 hours and more than 130% since the start of the week. BCH is now trading for $186.16 with a market cap of $3.26 billion, surpassing both EOS (EOS) and Stellar (XLM).
Over the same period, Bitcoin Cash SV, now Bitcoin SV (BSV), is up around 38% as the broader crypto market continues to recover. BSV’s market cap, which started the week nearly equal to BCH, now trails by nearly $1.4 billion.
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