Bitcoin cash (BCH) price analysis: June 12
Bitcoin cash (BCH) has emerged strongly today to silence all the critics who had been questioning its stability. It stands at a healthy $949.56 and holds a lead of 1.39% against USD.
Bitcoin cash investors were in a state of panic over the last 2 days as the coin plummeted by over 18% in total. The trend continued yesterday as well when it reduced by $42.06 at 17:30 UTC. However, the bull took on the bear soon after and helped BCH increase by 4.8%, putting it at $963.52.
The trading volumes have taken a serious hit, reducing by $300 million over the last 15 hours. Bitcoin cash is getting some serious support lately, which could play a huge role in driving its price to the moon.
Recently, the newly formed exchange by SBI holdings listed Bitcoin cash (BCH) on their exchange for trade against the Japanese Yen. Also, Roger Ver, the face of Bitcoin Cash, made an announcement that the coin would be made available for payments across thousands of Japanese malls and stores.
It is just a matter of time before the Japanese crypto markets push Bitcoin cash price to a level which it has never seen before.
Image via Shutterstock
Join our Telegram group