Bitcoin Cash had shown almost miraculous gains throughout a short-lived bull rally of the beginning of 2020 - the profits were made continuously, and there seemed to be the general assurance that this fairy tale would continue up till the Bitcoin halving in May.
But things turned out differently for the cryptocurrency market and its top coins like Bitcoin Cash. Nevertheless, BCH came out of this situation with dignity, having retained over 30% of last year’s gains even after the gruesome crash in mid-March.
And now, the fork of Bitcoin is actually making slightly better strides towards full recovery than its forefather, though both coins do appear to have been moving in unison over the course of the previous month.
BCH/BTC comparison chart from the last 30 days
To be more precise, BCH has outperformed the dominating cryptocurrency by 6% - a seemingly slight edge that, nevertheless, allowed the 5th cryptocurrency to make a critical breakout and establish a higher consolidation range.