Bitcoin Cash Continues To Soar In Sunday Trading

Investing, News | November 4, 2018 By:

Bitcoin Cash continued its rocket ride upward today, breaking the $500 barrier and surging toward a $600 breakout on heavy trading volume.

The BCH ascent is being fueled by news that developers have found a way to add smart contracts and tokenization, thereby exponentially increasing its value. There’s still the possibility of a hard fork looming, but so far, the trading news is all good.

Elsewhere, there was little movement at the top of the pack, as bitcoin barely budged from its comfortable niche at $6,300. Ether edged back over $200, but the growth was in the tenths, while XRP basically stood still.

Gaining strongly at the bottom of the top ten were Litecoin, up more than four percent in one of its periodic trading breakouts, while Cardano was up more than three percent on speculation that Coinbase was looking to add it to the trading mix on its platform.