Bitcoin Cash (BCH) Price Soared to $325: Is It a Trap?

 

BCH trading volume exceeded $4.427 billion. As of June 30 the average BCH price is $300 after reaching the mark $325 which means the growth by almost 30% in recent days.

 

Such a powerful boost has been given by the South Korean exchange Upbit by playing a key role in supporting BCH. In just one day the volume of BCH/KRW which is more than $300 million worth has passed through Upbit. It is interesting that this volume at the moment exceeded the trading on the BTC/KRW cryptopair on the same platform by more than 300%.

 South Korea's active participation in the BCH market along with debt repayments and increasing interest from traders has led to a surge in BCH volume and price. This surge highlights not only the growing importance of BCH in the cryptocurrency market but also demonstrates the resilience and potential of digital currencies in general.

 Along with it the growth was also triggered by the debut of EDX Markets which is regulated by the UK Financial Conduct Authority (FCA).

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