Bitcoin Cash Skyrockets as South Korean Trading Volumes Soar
Bitcoin Cash (BCH) has surged over 30% in the past 24 hours, reaching a 14-month high of $320, following the debut of Fidelity, Charles Schwab, and Citadel-backed EDX Markets. The surge is supported by increased trading activity on South Korea's Upbit exchange, with the BCH/KRW pair registering a trading volume of $557.63 million in the past 24 hours. The enthusiasm for BCH being offered by an exchange backed by prominent institutions has spread to the far east. The rally in BCH can be attributed to a combination of hope and greed, typical ingredients that fuel market movements in the cryptocurrency space.