Bitcoin Cash (BCH) surged over 13% in the past 24 hours, reaching $451 and a market cap of $8.75 billion, making it the 16th largest crypto asset.
This rally, driven by Kraken’s distribution of BCH to Mt. Gox hack victims, highlights rising investor interest in more affordable Bitcoin alternatives.
Bitcoin Cash, created from a 2017 Bitcoin hard fork, supports larger block sizes (up to 32 MB), allowing for more transactions per second. Despite its recent gains, BCH is still 88.3% below its all-time high.
Whale activity and bullish market patterns suggest further price increases. Global crypto market cap is $2.48 trillion, up 3.34% in 24 hours.
