The second quarter of 2019 is coming to an end and the Bitcoin Cash (BCH) network and markets have had an extraordinary year so far. BCH prices touched a high of $522 per coin on Sunday and at the current price of $470 per coin on June 24 BCH is up by a whopping 213%. Moreover, the network and infrastructure have grown stronger since the November 2018 split and the Bitcoin Cash network looks poised to jump to the next level.
Bitcoin Cash Markets Jump Over 200% Since January 1
Over the last six months, Bitcoin Cash proponents have been relentlessly pushing for global adoption and mass acceptance while BCH developers have been strengthening infrastructure. At press time the BCH market has gained more than 213% this year and things don’t seem to be letting up any time soon. At $470 per coin, BCH has an overall market valuation of around $8.4 billion and $2 billion in global trade volumes. This is a massive increase from 2018’s bear market blues that dipped much further after the November 2018 BCH chain split.
Historical prices for bitcoin cash (BCH) on the first of the year.
Today the top exchanges swapping the most BCH include trading platforms like Hitbtc, Binance, Digifinex, Bitstamp, Coinbase, and Bitforex. BCH is heavily traded with tether (USDT) which captures 46% of the trading pairs against bitcoin cash on June 24. USDT has been a dominant pair against BCH all year long which isn’t much different than the rest of the cryptoconomy.