Bitcoin Cash is already the world’s third-largest cryptocurrency

Just over 24 hours after splitting from Bitcoin, the derivative currency Bitcoin Cash (BCC) now ranks as the third most valuable altcoin. With a market cap of more than $7.7 billion, BCC trails just Bitcoin (BTC) and Ethereum (ETH) after passing Ripple’s $6.7 billion cap in the wee morning hours. As for value, BCH trails only the currency it split from, Bitcoin, with a per-unit value of over $520 (down from a 24 hour high of over $755). You can attribute most of the rapid rise to the fork itself. After the two cryptocurrencies split yesterday, BTC owners were given…

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