BCH Derivatives Demand Shoots
Crypto exchange coinbase declared that it will introduce first leverage contracts for Bitcoin Cash. This boosted derivatives trading for this altcoin.
Open interest in BCH tracked futures surged by more than double to $500 million on Thursday compared to $213 million.
This rise show a rise leveraged bets showing expectation of heigh price volatility.
The BCH price has gained 30% in previous week with some market analyst giving bullish calls all way upto $2000
BCH price to rally to $600 all way to April 01. Bitcoin Cash BCH has show volatility in latest time with its 1 month volatility measuring at 11.82.
Over past 30 days Bitcoin Cash has seen 19 days of positive price movements.
Bitcoin Cash Price
Momentum has building around Bitcoin Cash over past month the network halving next week on April 4.
BCH price is trading up by a 85% helping the altcoin occupy a position in top fifteen altcoin list.
Halving events happen when mining transaction rewards are halved decreasing the rate at which new coins are generated and decreasing the available supply.
Bitcoin own halving event is projected for April 20 as per trackers a bullish trend for cryptocurrency.
Upcoming halving event on April 4 Bitcoin Cash BCH rised by 17%. The block reward stands at 6.25 BCH following the impending halving it will reduce to 3.12 BCH.
