On the afternoon of February 16, the Bitcoin Cash exchange rate at the Bitfinex exchange reached $ 1500. Then the rollback occurred and is now trading at $ 1477. Over the past few hours, the coin has twice overcome an important level of resistance. For the first time, in the morning, it went up to $ 1538, after which its cost dropped to $ 1435. At the moment the cost is 1477 according to CoinmarketCap.
Over the course of the past 24 hours, the rate of the first fork of bitcoin increased by 10%, this happened against the background of a slight change in the value of the other largest coins - Bitcoin, Ethereum and Ripple are now almost the same as they were at the same time yesterday. Nevertheless, the crypto money market has fallen in price by $20 billion over the past few hours.
Analysts of the financial publication The Merkle believe that in the near future the value of the coin will continue to grow, and by Sunday it may reach $ 1750. Crypto currency will rise in price with a high probability, however, if its rate does begin to fall, may drop to $ 1325.
Today the Chinese New Year is celebrated in Asia, so many investors from South Korea and China withdraw their funds from trading platforms. Traditionally, during this holiday, the total trading volume is declining. After a sharp drop in the value of most coins in early 2018, it has already fallen seriously. On January 7 the trading volume was $44 billion per day, and on February 16 - $22 billion.
