After the rise in Bitcoin (BTC), Bitcoin Cash (BCH) made a move, increasing 25.18 percent in the last 24 hours.
Bitcoin (BTC), which has increased in direct proportion with dominance, continues to come to the fore with ETF news. Recently, BlackRock, WisdomTree’s ETF application last night carried BTC from $ 24,800 to $ 29,000. Although BTC, which increased in volume, walked with dominance, rapid rises were observed in altcoins. Bitcoin Cash (BCH), a derivative of BTC, has increased by close to 26 percent in the last 24 hours, becoming the most rising coin of the day.
Bitcoin (BTC) Momentum Triggers Derivative Coins
BTC, which has gained 17.30 percent in the last 6 days, paved the way for significant rises in the altcoin market. However, the most striking detail in these rises was that BTC derivatives came to the fore. BCH, which has not shown a big increase for a long time, managed to reach $3,127 with the support of ETF news.
The dominance level exceeding 50 percent after two years shows that BTC dominates cryptocurrencies. Therefore, after the BTC increase, the clearest movements in altcoins are observed in BTC derivatives. In addition, volatility is at its peak in BCH, whose current price is $ 132.
41967
