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Bitcoin Cash climbs above $1,000, entering the top 10 by market capitalisation

Bitcoin Cash climbs above $1,000, entering the top 10 by market capitalisation

On Friday, 16 April, the price of Bitcoin Cash (BCH), the most popular Bitcoin fork, rose above $1,000 for the first time since the summer of 2018.

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Hourly BCH/USD chart on Coinbase. Data: TradindView.

As of writing, BCH was trading around $1,080. Over the last 24 hours the asset rose 25.4%, over the last seven days — 63.8%, according to CoinGecko.

BCH sits in tenth place in the ranking of leading cryptocurrencies by market capitalization, at $20 billion.

In November 2020, in the Bitcoin Cash network there was a planned hard fork. The Bitcoin Cash ABC client did not secure community backing, and the blockchain split into two mutually incompatible chains.

In April, the price of Dogecoin approached the $0.40 mark. Trading volume of DOGE futures reached $33 billion — the third-largest daily figure after Bitcoin and Ethereum.

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