Bitcoin Cash has broken all the range-bound market trend that has surrounded the currency, as its value hits past $400.
As per the data sources from CoinMarketCap, the digital currency was seen trading at as high as $406 on Thursday. The prices soared up after days of prices fluctuating and the Bitcoin Cash trading at around $300 level with few dollars above or below the mark.
The figures from CoinMarketCap reveal, Bithumb is the largest market for Bitcoin Cash by volume and contributes about 30% of the global trade through its trading pair of Korean won- Bitcoin Cash. According to the exchange reports, it is more than $145 million in volume in the past 24 hours.
Bitcoin Cash was created following the split off from its main Bitcoin blockchain on August 1, after a group of miners and developers adopted an updated software which was incompatible with the rest of the network.
The change in price value came within a few hours of Bitcoin reaching its all-time high value of over $4,500.