On November 8th, Segwit2X fork got cancelled and Bitcoin was suddenly shoot up to $7800+ and then came down $1000 in last 48 hours. So traders were expecting another Bitcoin fork and wanted to collect the free coin generated by fork.
So now that Segwit2X cancelled, traders are moving their money towards Bitcoin Cash, which was first Bitcoin fork. Bitcoin Cash is now up 40% in last 24 hours.
Bitcoin cash is trading at $975 at the time of this article. Trading volume is also almost equal to Bitcoin and which clearly indicates that traders are moving money between coins. $4.6 billion traded in last 24 hours and Market Cap is more than $16 billion.
We very recently talked about Bitcoin Cash overtaking Ripple in Market cap. Now with such money movement, do you think Ethereum maybe next.