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Bitcoin Cash Price Climbs 11% to Hit 2-Month High

Published 11/06/2018, 05:55 PM
Updated 11/06/2018, 07:45 PM
© Reuters.

The price of bitcoin cash rose more than 11 percent on Tuesday, pushing its price to a new two-month high.

Market data shows that the cryptocurrency's price has risen 30 percent since Sunday, and is currently trading at roughly $623. Bitcoin cash is the fourth-largest cryptocurrency by market capitalization, CoinMarketCap data shows.

The price of BCH was trading hands at $425 before surging 32.5 percent, where it reached a then-peak of $588 on Nov. 5, clocking a 5-week high in the process when it was later confirmed, according to Coinbase exchange data.

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