BCH crosses $550, outperforms other major cryptos; Check forecast

CoinJournal
CoinJournal
BCH+7.05%
ETH+1.34%
BTC+2.33%

Key takeaways

  • Bitcoin Cash is the best performer among the top 20 cryptocurrencies by market cap.
  • The coin could hit $600 soon as the broader crypto market embarks on a recovery

BCH hits $550 as market shows signs of recovery

BCH, the native coin of the Bitcoin Cash blockchain, is the best performer among the top 20 cryptocurrencies by market cap in the last 24 hours. The coin rallied by 5% in the last 24 hours to cross the $550 mark and now trades at $567 per coin.

Its positive performance comes as the broader crypto market slightly recovered from Monday’s slump. Bitcoin is trading above $110k once again after dropping to the $107k region over the weekend.

Ether, the second-largest cryptocurrency by market cap, has also topped $4,400 after testing the $4,250 low on Monday. Bitcoin Cash could now rally higher over the coming hours as the bullish momentum...

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