With most of the cryptocurrency markets still subjected to a fair bit of bearish pressure, it is rather uncommon to see one market pull ahead of the competition. For some unknown reason, the Bitcoin Cash price is still rising in spectacular fashion. It is quite interesting to see this momentum materialize, although it may be rather short-lived based on the overall market circumstances.
Bitcoin Cash Price Makes Little Sense
When Bitcoin remains under a lot of pressure, it is normal for the alternative markets to suffer from similar momentum. While the exceptions will usually come in the form of smaller cap altcoins, Bitcoin Cash tries to become an exception. Ever since its value surpassed $160m, the uptrend has not been broken in a decisive manner. As such, one would expect these gains to remain in place, yet it will be interesting to see how things play out.
Over the past 24 hours, the Bitcoin Cash price has noted a 6.7% gain in both USD and BTC value alike. Because of these unexpected gains, the current value has risen to…