Daily Cryptocurrency Tracker 3.4.19: Bull run continues as Bitcoin Cash leaps 40%

The positive momentum seen in cryptocurrency markets earlier this week picked up the pace over the past 24 hours, as an unknown entity bought 20,000 BTC, giving markets a major boost. At the time of writing, 5 of the top 10 cryptos showed double-digit gains, while Bitcoin was up around 6%. The world’s largest crypto briefly climbed over the $5,000 milestone, before correcting slightly, to trade around $4,900 at the time of writing.

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Bitcoin Cash leaps 40%

While the majority of cryptos showed impressive gains over the past 24 hours, including 4 other top 10 cryptos registering double-digit price increases, Bitcoin Cash showed the largest gains by a significant margin. At the time of writing, Bitcoin Cash was up more than 40%, reaching price levels not seen since November of last year. Currently ranked 6th by market cap, the recent price spike brought Bitcoin Cash’s total weekly gains to more than 50%.

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Report: Blockchain in telecom to generate $1.37 billion by 2024

While the majority of blockchain projects around the world are in the fields of money transfer and supply chain management, the technology’s potential is being explored in many other areas, and is believed to have the potential to disrupt a variety of industries. One example is blockchain in the telecommunication industry, which, according to a recent report by Research and Markets, will grow by 77% over the next 5 years. The report suggests that by 2024, blockchain adoption will be common in the telecom industry, generating revenue of $1.37 billion.

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