Wednesday, March 29, 2023

Why did Bitcoin Cash rise in price?


For a day the price of this cryptocurrency increased by 18.7%. Experts have at least two reasons why this happened.

Now the price of bitcoin cash is about $528.6. This is evidenced by the data of the sites, where the exchange rates are updated in real time.

At the same time, the price of bitcoin for the day almost did not change – it fell by 0.18%, reaching $6400, and the ether – by 0.08%, reaching almost $215.

Market analysts explain the growth of bitcoin cash for two reasons. The first is the news that this altcoin was added by the Gemini exchange. The New York regulator gave her permission to the listing. However, there is no information yet when this cryptocurrency will be available for trading.

And the second message that affected the bitcoin cash price is that the Chinese company Bitmain that manufactures mining equipment is preparing to enter the IPO.

In general, the rise in the price of bitcoin cash is caused by a reaction to the information background. In the near future, as experts say, the rate may drop to $500.

Meanwhile, the price of Electroneum continues to grow.

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