Bitcoin Cash Ends Volatile Week With Modest Gain

&l;p&g;&l;img class=&q;dam-image shutterstock size-large wp-image-1096061096&q; src=&q;https://specials-images.forbesimg.com/dam/imageserve/1096061096/960x0.jpg?fit=scale&q; data-height=&q;640&q; data-width=&q;960&q;&g; Bitcoin Cash has enjoyed tailwinds lately. Shutterstock

Bitcoin Cash has&a;nbsp;climbed in the last few days, capping a notably volatile week by rallying following the news that mobile banking app Revolut now allows users to&a;nbsp;buy and sell the alternative protocol asset (altcoin).

This&a;nbsp;&l;a href=&q;https://blog.revolut.com/buy-xrp-bch-instantly-with-revolut-crypto/&q; target=&q;_blank&q;&g;decision&l;/a&g;&a;nbsp;has simply provided&a;nbsp;Bitcoin Cash with more validation, noted&a;nbsp;&l;span&g;Charles Hayter,&a;nbsp;co-founder and CEO of data provider&a;nbsp;&l;/span&g;&l;a href=&q;https://www.cryptocompare.com/&q; target=&q;_blank&q; rel=&q;nofollow noopener noreferrer&q; target=&q;_blank&q;&g;CryptoCompare&l;/a&g;&l;span&g;.&a;nbsp;&l;/span&g;

&q;The revolut addition is always good news for any crypto,&q; he stated.

&l;span&g;&l;/span&g;

&l;strong&g;BCH&s;s Recent Rally&l;/strong&g;

The price of Bitcoin Cash rose to as much as&a;nbsp;$1,078.36 yesterday, representing a more than 12% increase over the weekly low of&a;nbsp;$959.88 hit earlier that day, according to CoinMarketCap.

The digital currency has pulled back slightly from that point, most recently trading at&a;nbsp;$1,034.04, additional CoinMarketCap figures show.

&l;strong&g;Recent Headwinds&l;/strong&g;

This comes after a period where Bitcoin Cash fell more than 26% in less than 96 hours, &l;a href=&q;https://www.forbes.com/sites/cbovaird/2018/05/22/bitcoin-cash-tumbles-as-it-faces-multiple-headwinds/#33169c9dde59&q;&g;dropping&l;/a&g; from more than $1,300 on Sunday to less than $960 yesterday.

&l;!--nextpage--&g; When the digital currency faced those sharp declines, several analysts emphasized the ongoing competition between Bitcoin Cash and the more traditional Bitcoin, noting that both cryptocurrencies are &l;a href=&q;https://www.forbes.com/sites/cbovaird/2018/05/23/bitcoin-cash-drops-to-lowest-in-more-than-a-month/#45f94d8728c7&q;&g;vying&l;/a&g; to be the one true Bitcoin.

While developers have created many hard forks of the original Bitcoin, Bitcoin Cash is the most successful in terms of market value, as it has repeatedly ranked in the top 10 digital currencies on CoinMarketCap by market capitalization (market cap).

&l;em&g;Disclosure: I own some Bitcoin, Bitcoin Cash and Ether.&l;/em&g;&l;/p&g;