Happened: the price of Ethereum for the first time in history walked Bitcoin Cash. The market comes alive?
Source:
Cryptocurrency markets again show signs of life. Yesterday all attention was riveted on the Ethereum, the price of which for the first time in history surpassed the price of Cash BCH. This morning the gap is almost $ 4. According Coin360, CoinGecko and CoinMarketCap, in the battle for a place in the top ten most expensive cryptocurrency ETH is trading around 94 dollars, while the BCH is greater than 90. Recall that since the creation of Bitcoin Cash in August 2017 the coin is always higher than the Ethereum in price.
Most Likely cause of this development became controversial in November, when a coin is split into two circuits – and . At first, the price of BSV showed an inverse correlation with most of scriptaction, fluctuating in unison with the activity of Bitcoin. Then price began a sharp decline, and in mid-December, caught up with BCH. Now BCH and BSV is 8 and the 9th position in terms of market capitalization among all cryptocurrencies.
7-day price chart BCH/ETH. Source: CoinGecko
Meanwhile, the Bitcoin over the weekend, managed to roll to a 15-month low of 3130 dollars, and then recovered to the level of support at $ 3200. A sudden spark allowed the coin to put another 300 dollars, which today the price hovered at around 3530 dollars.
7 day chart of the price of BTC. Source: Cointelegraph
Analysts do not hasten with forecasts in such uncertain situation. Cointelegraph writes, cryptoexpert Tony Weiss inevitable fall of Bitcoin to thousands of dollars. In his opinion, a close below long-term 50-month moving average rates for BTC/USD will trigger a powerful downward spiral.
Today's top cryptocurrency is displayed in green color. Market capitalization rose to 113 billion dollars, while the share of the dominance of Bitcoin is 54.2%. The total trading volume for the last day equal 17,42 billion.
Recall that a couple of days ago Litecoin Bitcoin also Cash, however in terms of market capitalization. More data to search for .
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