All eyes have been on Bitcoin this week as it fired up engines and lifted off with a surge of 20% in a couple of days. The move has had the time tested effect of pulling the entire crypto market up as over $30 billion poured back into digital currencies. BTC has not been the only mover though as other altcoins have registered greater gains and two of them are still climbing.
Bitcoin Cash has been on fire this week, far outpacing gains made by its big brother. Earlier this week BCH was trading at around $170 with a daily volume of roughly $460 million. Once the Bitcoin bulls got into gear, its younger sibling literally exploded with a 100% pump to $340 in just two days. Volume is off the chart and has jumped to over $4 billion which is what Bitcoin was trading earlier this year.
Since the spike Bitcoin Cash has corrected to $300 but is still up over 75% which is more than triple what BTC has made. The move has enabled BCH to flip both EOS and Litecoin in terms of market cap which is now $5.3 billion according to Coinmarketcap.com. Bitcoin Cash has doubled in price since the beginning of 2019 and has been one of the best performers in this latest rally.