Bitcoin cash markets are doing quite well today as the decentralized cryptocurrency is up 14.8 percent over the last 24-hours since yesterday’s spike. Some speculators believe the news may have been attributed to Bitmain’s recent IPO filing in Hong Kong. The jump in price continued into September 27 as BCH priced reached a high of $578 per coin.
At the moment BCH is averaging around $560 per coin with a massive global trade volume (compared to the average 24-H volume $300-400M) of around $1 billion. This positions bitcoin cash as the fourth most traded coin of the day and the currency’s market capitalization is about $9.76 billion. The top five exchanges swapping the most bitcoin cash today include Binance, Bitfinex, Lbank, Okex, and EXX. On the peer-to-peer trading platform Shapeshift, BTC for BCH trades was the most popular exchange over the last 24-hours.
There’s been a bunch of infrastructure developments and announcements as well this week in the BCH community. For instance, the first Bohemian style clothing e-commerce site bohemianbeachstyle.com revealed it is proudly accepting only bitcoin cash. A developer explained yesterday and gave everyone a sneak peak of a BCH-powered vending machine that allows people to pay for candy with bitcoin cash. Unwriter launched Bitdb 2.0 which provides a global database platform that crawls the entire BCH transaction universe. This week the well-known cryptocurrency exchange, Bittrex, announced that it will offer BCH/USD pairs on October 3rd.
There have been a whole lot more developments that continue to cushion BCH’s position in the crypto-economy. The community-maintained bitcoin cash merchant directory Greenpages.cash, which launched last week has added over 250 merchants, Openbazaar links, Tor (.onion) links, request settings to edit merchants, and the site also added the Money Button. Earlier this week bitcoin cash support has also been added to Primedice.com, a very popular cryptocurrency casino. With the community working together to build cool applications and drive global adoption, the passion seems to be reflecting the coin’s overall value this week.