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Bitcoin Cash Hash Rate Reaches Highest In Two Years Amidst Recent Rally and Mining Interest

July 4 (Cointime) - Bitcoin Cash (BCH) has made headlines for its recent surge in price, which has increased by over 200% this month following its listing on EDX Markets and high trading volume on Upbit. This has led to a significant increase in the total hash rate and mining difficulty, with the BCH hash rate reaching its highest point in over two years.

The heightened interest in mining BCH is a good sign for the network, but the future price outlook remains uncertain as BCH seems overbought and may face rejection around $300. BCH is currently trading at $288 and is the 14th-largest cryptocurrency in the space.

Bitcoin Bitcoin $94,416.20
-3.47%
Bitcoin Cash Cryptocurrency
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