Bitcoin Cash Trades Strongly Off Bitcoin’s Momentum As Traders Turn To Emerging Profit Opportunities On NuggetRush Presale
On-chain activity on Bitcoin Cash is rising significantly. Bitcoin (BTC) has soared to the $60,000 range, causing high FOMO as bullish sentiments fill the market.
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On-chain activity on Bitcoin Cash (BCH) has soared due to the growing bullishness in the crypto market. Investors have boosted their digital asset holdings to capitalize on the current bullishness. Data from CoinMarketCap shows that Bitcoin Cash’s (BCH) market capitalization grew by $4.6 billion in February 2024.
BCH’s value stood at $236.62 on February 1. It rose by 16.1% to $274.82 on February 16. BCH continued rising, reaching $292.52 on February 27 after a 6.4% increase. It then leaped by 60.8% to $470.42 on March 4.
Bitcoin Cash’s (BCH) hash rate also reached an all-time high (ATH) in late February. Analysts now expect a sharp jump in Bitcoin Cash’s (BCH) performance due to excitement around its upcoming halving. Bitcoin Cash (BCH) miners will get reduced block rewards. Yet, analysts expect Bitcoin Cash’s (BCH) trading activity to rise, pushing BCH up by 21.3% to $570.98.
Bitcoin’s (BTC) surge continues as the market enters the final month of Q1 2024. Despite trading in the $40,000 range in January, Bitcoin (BTC) has surged closer to its all-time high (ATH) of $68,991.
Bitcoin’s (BTC) growth has also triggered a rally that has affected all top altcoins. As of January 31, BTC traded at $42,582. It jumped by 21.7% to $51,826 on February 14. BTC grew by 5.2% to $54,522 on February 26
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