The cryptocurrency market was experiencing bearish pressure as the prices of most major cryptocurrencies slumped over the past week. However, the bull arrived as EOS and Cardano [ADA] observed tremendous growth on 27 March. To further showcase its dominance, Bitcoin Cash [BCH] also managed to side with the bull and showcased a surge of over 6%.
According to CoinMarketCap, Bitcoin Cash [BCH] was valued at $167.67 at press time and held a market cap of $2.96 billion. It registered a 24-hour trading volume of $480 million and observed a growth of 6.30% over the past day. Over the week, BCH noted a growth of 6.47% and was still registering a minor surge of 0.92% over the past hour.
The sixth largest cryptocurrency managed to break its resistance and observed a rise in price. Roger Ver, a prominent BCH proponent, spoke about increasing BCH adoption in a recent video, something which could be one of the reasons for the sudden surge in BCH prices.
Bitcoin Cash [BCH] was highly traded on CoinBene via the BCHABC/USDT pair, as it registered $54 million in volume. The second place was taken by P2PB2B with $35 million in trading volume via the BCH/BTC pair. ZBG followed P2PB2B, as it noted a volume of $33 million via the BCHABC/USDT pair.
Other cryptocurrencies like EOS and Cardano also managed to register a growth of over 10% in the past 24 hours and were up by almost 0.44% within the past hour. The entire market appeared green at press time, indicating an imminent bull run, followed by a market correction.
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Namrata is a full-time journalist and is interested in covering everything under the sun, with a special focus on the crypto market.