Bitcoin Cash (BCH) continues to stand out as the best performing cryptocurrency in the top 10 during the recent bull market frenzy, which has seen the global crypto market capital swell by $30 Billion in the last 48hrs.
Bullish support hailing largely from Asia appears to be the main driving force behind Bitcoin Cash’s rapid ascent, with Huobi Global currently accounting for 8.67% of all BCH trades. Renowned Bitcoin Cash proponent, Roger Ver, recently announced on Twitter that BCH merchant adoption in Japan has now surpassed the number of stores that accept BTC - highlighting Japan’s growing predilection for the forked Bitcoin project.
https://twitter.com/rogerkver/status/1112445328291037185
Today, the 6th largest crypto has secured a further 38% gain against the US dollar but bullish traders appear to be exhausted as they fail to hit the psychological $300 target.
Two overlapping resistances seem to have stall...