- Both Bitcoin and Bitcoin Cash have shown five price swings each in the last 24 hours.
- Both the coins have a bullish medium-term outlook until 2019.
Bitcoin’s past few days’ movements have impacted many other coins. One of such coins is Bitcoin Cash. Though not exactly the same, one can easily find Bitcoin’s shadow of growth on Bitcoin Cash. Here is an analysis of the price movement of both Bitcoin and Bitcoin Cash in the last 24 hours. This analysis will help the investors who hold both the coins and the investors who want investment in another coin for leverage. Let us first look at the current details of both the coins.
Bitcoin – Bitcoin Cash Price Statistics-
|03rd July 04:33 UTC||Bitcoin (BTC)||Bitcoin Cash (BCH)|
|ROI (Return on Investment)||8,264.63%||-25.51%|
|Coin Circulation||17,794,550 BTC||17,870,638 BCH|
|Market Cap||202,196,389,174 USD||7,420,315,892 USD|
|Value in USD||11,279,20 USD||412.89 USD|
|All-Time High||20,089 USD||4,355.62 USD|
|24h Volume||33,511,243,436 USD||2,161,822,434 USD|
Bitcoin – Bitcoin Cash Price Comparison-
Both the coins have shown five major price variations in the last 24 hours. Bitcoin faced a hike of 614 USD or 6.34% between 06:09 UTC and 09:09 UTC. It was followed by a fall of 6.59% over the next 2 hours and 26 minutes. Again, a huge hike was noticed at 13.46% over the next 8 hours and 48 minutes. This hike helped Bitcoin to go beyond 10,900 USD. Similarly, Bitcoin Cash started with a hike of 4.05% between 06:08 UTC and 09:09 UTC. It was followed by a fall of 22 USD over the next 2 hours and 25 minutes. Another hike was noticed between 11:34 UTC and 15:57 UTC, and this hike helped BCH to gain 6.46%.
Bitcoin faced a small stint of fall between 20:22 UTC and 21:23 UTC and it lost 311 USD in this period. It was again followed by a hike of 7.97% over the next 4 hours and 23 minutes. Bitcoin Cash also faced a fall of 2.03% between 15:57 UTC and 21:05 UTC. It was followed by a hike of 4.94% over the next 4 hours and 42 minutes.
Bitcoin – Bitcoin Cash Price Prediction-
Both the coins have bullish medium-term outlook. By the end of 2019, Bitcoin may trade around 15,000 USD to 20,000 USD, and BCH is likely to get to 850 USD by this period. Both the coins are likely to find steep and unprecedented price variations in this period.
The pattern of price movement in both Bitcoin and BCH has been similar. But BCH seems less volatile than BTC. Investors should use the investment of BCH as a leveraging tool against investment in Bitcoin.