Bitcoin Cash has reached a new all-time high today, rising above $4,000 in a very first for the barely four months old digital currency.Gaining a market cap of $70 billion, it is now just $7 billion away from overtaking ethereum.Much of that volume comes from South Korea’s Bithumb, handling $2 billion, while Bitfinex’s USD (USDT?) pair handles another $1 billion, followed by the BTC pair at around same levels.Bitcoin Cash is operating smoothly without any congestion and fees at pennies, and while some have suggested litecoin as an alternative.
Its quite amazing but they have been much higher in the BTC ratio in the past. I think the current pump is all due to coinbase and the price will roll back a bit in the coming weeks before resuming its normal trend.
