After Bitcoin Cash (BCH) showed a serious rise in a short time, eyes were turned to the driving force behind it.
Bitcoin Cash, 3x in a short time after the majority of the rise while performing South Korea output. South Korea’s largest cryptocurrency exchange, according to current data UpBitthe total market cap of Bitcoin Cash 23.58% is hosting.
BCH/KRW trading pair on June 29 557.63 million registering a trading volume of $ BTC/KRW the volume of the trading pair at a rate of 3.5 times left behind. This 557.63 million dollar volume is also BCH/USD trading pair volume 5.5 times means.
BCH, already in a period of great uptrend, with volume increasing in South Korea last 14 months with the highest level for $313.61 reached.
Why is Bitcoin Cash rising?
The biggest reason for the price increase in BCH is thought to be caused by the cryptocurrency exchange EDX Markets (EDXM). One of the leading names in the financial market fidelity, Citadel And Charles Schwab EDX Markets, the cryptocurrency exchange co-founded by Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) And Bitcoin Cash announced that it will offer services in private.
On the other hand, the lawsuits filed by the US Securities and Exchange Commission (SEC) against Binance and Coinbase. Securities qualification to BCH and trillion-dollar companies in the last period. spot Bitcoin exchange-traded fund (ETF) It is estimated that the application of Bitcoin Cash triggered the rise of Bitcoin Cash.
According to CoinGecko data, in the last 24 hours 25% BCH performing bullish at the time of writing at $304.96 is being traded.