Price Analysis

Bitcoin Vs. Bitcoin Cash: Bitcoin Cash (BCH) Sinks with Bitcoin (BTC); Year’s End is Likely to be Bullish

  • There is a growing similarity of growth pattern between Bitcoin and Bitcoin Cash.
  • The revival of both the coins may take some more time.

Bitcoin has been able to bring a huge bullish period in the whole crypto market in the last few days. The impact of Bitcoin’s growth story can be seen on many coins. But Bitcoin has lost significantly in the last 24 hours, and the impact of the same can be seen on Bitcoin Cash as well. Let us look at the current details of both the coins first.

Bitcoin – Bitcoin Cash Price Statistics-

BTC Vs BCH

28th June 05:06 UTCBitcoin (BTC)Bitcoin Cash (BCH)
Rank1st4th
ROI (Return on Investment)8,094.88%-26.65%
Coin Circulation17,784,825 BTC17,861,988 BCH
Market Cap197,068,647,768 USD7,252,755,560 USD
Value in USD10,971.02 USD402.68 USD
All-Time High20,089 USD4,355.62 USD
24h Volume39,361,996,767 USD3,091,846,080 USD

Bitcoin – Bitcoin Cash Price Comparison-

It is peculiar to see that both Bitcoin and Bitcoin Cash have shown similar price movements in the last 24 hours. Between 05:56 UTC and 09:37 UTC, Bitcoin lost 11.79% and approximately in the same duration Bitcoin Cash lost 13.34%. This fall was followed by a small hike of 7.94% by Bitcoin over 2 hours and 28 minutes. And Bitcoin Cash got a hike of 7.31% over the next 2 hours and 53 minutes.

Then Bitcoin faced a dip of 14.64% between 12:05 UTC and 17:27 UTC, which was again followed by a growth of 11.15% in the next 7 hours and 56 minutes. Similarly, Bitcoin Cash faced the next dip between 12:03 UTC and 17:02 UTC of 12.56%. And it is again followed by a growth of 9.41% in the next 6 hours and 16 minutes.

Bitcoin – Bitcoin Cash Price Prediction-

Both Bitcoin and Bitcoin Cash have a bullish outlook for the near future. Bitcoin is likely to trade around 20,000 USD by the end of this year, and Bitcoin Cash may go beyond 550 USD this time.

Conclusion-

Both the coins have been falling in the last 24 hours. So, it is the perfect time for buying fresh coins for long-term holding.

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Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

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