Bitcoin’s market dominance was on display over the previous week after an appreciation in the cryptocurrency’s value pushed the altcoin market north. Many of the market’s cryptos like Bitcoin Cash and Zcash profited off this surge in value. However, its effect wasn’t uniform or universal, with other cryptos like Cosmos continuing to correct themselves.
Bitcoin Cash [BCH]
Bitcoin Cash, the popular fork of the world’s premier cryptocurrency, was one of the best-performing coins this past week, with BCH surging by over 23% on the charts. The aforementioned hike came at a good time for the fork as right before the surge, the Bitcoin Cash market was seeing buyers’ momentum exhausting itself on the charts. At press time, the fork coin was trading at $291.92, with BCH seeing ts trading volume rise on the charts.
The scale of the surge in question was highlighted by BCH’s technical indicators, while the Parabolic SAR’s dotted markers were placed well below the price candles, the MACD line was way over the Signal line and suggested bullishness.
On the development front, there hasn’t been much to report for Bitcoin Cash. However, it had been Source…