Bitcoin Cash Nearly Triples in One Month

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Bitcoin Cash spiked by 50% in the past 24 hours, gaining more than any top crypto even as the market has overall turned green. The chain split fork of bitcoin has nearly tripled in the past few weeks, rising from circa $100 to now $270 at the time of writing. The digital currency was slowly rising in line with the market until bitcoin jumped by close to $1,000, suddenly sending most cryptos into double digits green. While btc and eth gained about 20%, BCH went further than most, touching $290 on increased volumes of $2.2 billion. On-chain data further shows an increase in activity, with BCH processing more transactions by value than ethereum, which has a far higher market cap. BCH handled only 27,000 transactions, but that moved $1.3 billion worth of coins. Ethereum’s transactions are far higher, but they moved less value at circa $735 million. Bitcoin has doubled…

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