NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: ‘Crypto Week’ Takes A Hit: US House Fails To Advance Key Acts
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: ‘Crypto Week’ Takes A Hit: US House Fails To Advance Key Acts

Crypto Bulls Return? Bitcoin Cash (BCH) Doubles in Price in Just 48 Hours

Rick Delafont
Rick Delafont
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

In case you haven’t noticed already, the crypto markets have been absolutely on fire over the last couple of days. The entire market for all digital coins and tokens has increased by more than an impressive $22.1 billion in just the first few days of April.

Whilst most the top ten digital assets by market capitalisation have increased by double-figure percentages over the same period, Bitcoin Cash (BCH) appears to be leading the charge. The controversial hard fork of Bitcoin launched in August 2017 has almost doubled in value over the last couple of days!

Green Day: Bitcoin Cash Outperforms Rest of Crypto Top 10

Bitcoin Cash started April trading sideways at around $168. At around 5:00 am on April 2, the price began shifting upwards rapidly and it has barely come up for air since. At the time of writing, less than 48 hours following the start of the uptrend, the fourth most popular digital asset by market capitalisation has increased to $323. This represents very close to 100 percent growth in less than two days.

Economist, trader and crypto commentator Alex Krüger brought attention to this short run of parabolic growth earlier today via Twitter:

$BCH +100% in 2 days

– short term algo driven buyers, or
– long term holders

What do you think? pic.twitter.com/ej79eSkECt

— Alex Krüger (@krugermacro) April 3, 2019

The epic move by Bitcoin Cash over the last couple of days is consistent with the trend observed in the entire digital currency market. The likes of Bitcoin, Ether, and Litecoin have posted 8.52%, 10.3%, and 31.15% gains over the last 24 hours respectively. However, of the entire list of top 100 crypto projects, Bitcoin Cash sits at the top for its over 50 percent gains over the last day.

Despite there obviously being a huge growth in buying pressure, there is no clear indication as to where it is coming from. Some, such as Lucid Investments’s Tyler Jenks, believe the current move is no more than another bull trap and that we will see lower prices before any real bullish momentum can grow.

Meanwhile, other, more typically anti-crypto voices, have also chimed in:

Bitcoin Is Surging Again. Just Ignore It
https://t.co/8ZXc8zwuZb

— Nouriel Roubini (@Nouriel) April 3, 2019

However, there are been no shortage of optimists to balance out the short-term pessimism of Jenks or the doom-laden prophecies of Nouriel Roubini. Many are now claiming that the bear market of 2018/19 is finally over. Anthony Pompliano of Morgan Creek Digital has stated that “Bitcoin is back, baby” and John McAfee is claiming to have called the bottom of the crypto market prior to the current uptrend:

Everyone trashed me two weeks ago when I said: "The market has now turned", so I've kept my mouth shut. I will now say it again: "The market has now turned". The bow of thr bear market was pulled to its max. Now watch the arrow spring to life. pic.twitter.com/X22ybS4B8g

— John McAfee (@officialmcafee) April 2, 2019

Max Keiser, another long-term crypto bull, is also of the opinion that the market may be entering a new phase:

#Bitcoin momentum has shifted bullish. As I tweeted a few months ago, when the Fed indicated they were moving to “permanent QE,” BTC bottomed out and the stage is set for new ATH.

— Max Keiser (@maxkeiser) April 2, 2019

Along with differences in opinion over what the move means for the short, medium, and long term prices of different digital currencies, there seems even less consensus as to what has actually caused the sudden surge in Bitcoin, Bitcoin Cash, and other crypto assets. Often such swings coincide with a news event causing a mass of buying or selling. However, there seems to be little evidence of any such positive development that might account for what is certainly the largest pump thus far in 2019.

 

Related Reading: Crypto CEO: Current Bitcoin Industry Resembles 2016, Prior To BTC’s $20,000 Rally

Featured Image from Shutterstock.
Tweet123Share266ShareSend
Rick Delafont
Rick Delafont

Rick Delafont

Based in Europe, Rick has written about the cryptocurrency industry since 2016. He was first drawn to Bitcoin as a means of payment but quickly became fascinated by its wider potential implications. His interests lie in the political, economic, and social impact of the unfolding digital asset revolution.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

This Analyst Predicted Bitcoin’s Rally To $120,000 Months Ago, Here’s The Rest Of The Forecast

A crypto analyst who accurately predicted the Bitcoin (BTC) price surge to $120,000 months ago has returned with a bold...

Scott Matherson 2 hours ago
Chainlink

Chainlink Bullish Trigger: Why $16 Holds The Key To The Next Rally

Sharing his latest outlook, CRYPTOWZRD revealed that Chainlink closed indecisively, suggesting the market is still weighing its next move. According...

Godspower Owie 4 hours ago
Ethereum

Ethereum Forms ‘Pure Cup And Handle’ Pattern After Hitting $3,000, Analysts Set New Targets

Ethereum’s price action in the past seven days has seen it finally touch the $3,000 resistance zone for the first...

Scott Matherson 5 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Google AI預測2025年山寨幣千倍幣:XRP、Pi幣與Snorter強勢爆發

Mark Mak 1 hour ago

TOKEN6900已募資突破53萬美元 達成硬頂10%

estherw 1 hour ago
Bitcoin

If You’re Wealthy, 1 Bitcoin Should Already Be In Your Wallet, Expert Says

Christian Encila 1 hour ago

Premium Sponsors

Press Releases

  • e 3 coiny poniżej 1 dolara mogą zamienić 200 dolarów w...

    5 hours ago
  • ミームコインの価格急騰が続く中、注目の仮想通貨プレセールが50万ドルを突破し、次の100倍コインになる可能性がある。

    ...

    11 hours ago
  • 仮想通貨おすすめ|ビットコイン強気派の一休み中に買うべき銘柄

    ...

    11 hours ago
  • 2025年注目の新しい仮想通貨|Solana発 次世代ミームコインが投資家の期待を集める

    2025年注目の新しい仮想通貨|Solana発...

    12 hours ago
  • 2025年7月第2週にクジラが購入した注目のアルトコイン

    ...

    12 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.