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XRP and Bitcoin Cash [BCH] ring in the New Year with substantial price surge

The cryptocurrency market has been holding strong in the face of bearish adversity. As the year comes to a close, popular cryptocurrencies like Bitcoin [BTC], XRP and Bitcoin Cash [BCH] have all been riding a price rollercoaster that has left users and investors scratching their heads.

At the time of writing, XRP was rising by 8.32% with a total market cap of $15.338 billion. The cryptocurrency was trading for $0.37 with a 24-hour market volume of $733.798 million. The sudden surge in price is very evident from the chart, showcased by the lateral spike on December 28 after which the prices settle into a sideways movement.

A majority of XRP’s trade volume was held by Bitbank, overseeing $82.716 million worth of transactions. Bitbank was closely followed by Upbit, which had a grasp on a very close $82.413 million.

XRP was also in the news recently when it was revealed that almost 90 million XRP tokens were transferred from one unknown wallet to another. The movement was brought to notice by Whale Alert, a Twitter handle which stated:

“90,000,000 #XRP (33,493,911 USD) transferred from Unknown wallet to Unknown wallet Tx:”

Another cryptocurrency trying to emulate the previous bull run was Bitcoin Cash, emerging as the biggest winner among the top 10 cryptocurrency club. BCH was on the up by 15.3% and was trading for $171.18 with a total market cap of $3.001 billion. Bitcoin Cash’s $428.433 million market volume was majorly split between Upbit and Huobi, with the former holding 11.93% of all BCH transactions while the latter saw $53.938 million worth of Bitcoin Cash transactions taking place on the platform.

Bitcoin Cash pre-fork holders on eToro got a reprieve when the platform announced that:

“We are in the process of crediting relevant users’ accounts with the dollar value of BCHSV coins at a price of $92 multiplied by the number of BCH units held at the time of the fork.”

The post XRP and Bitcoin Cash [BCH] ring in the New Year with substantial price surge appeared first on AMBCrypto.

from AMBCrypto

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