In the last week, the Bitcoin Cash price rose from $330 to around $530, an increase of more than 60%, of which 20% just in the last 24 hours. With the recent rally, Bitcoin Cash (BCH) passed Ripple (XRP) to become the third largest cryptocurrency by market cap. At the time of this writing, Bitcoin Cash has a market cap of almost $8.9 billion, $1.4 billion above Ripple’s.

The factors that have supported the BCH price climb are: