Markets Update: BCH and BTC Consolidate, ETH Regains Second Spot

BCH Markets Cool After Closing 2018 on Record Volume
After producing the strongest week of trading activity on record two weeks ago, the BCH/USD markets have since retraced from the local high of roughly $220 and consolidated within a range between approximately $150 and $175. As of this writing, BCH is trading for $158.
When measuring against BTC, BCH price action has roughly followed the same trajectory, beginning the new year with consolidation following a retracement from the local top of 0.05 BTC posted during late December. BCH is currently trading for 0.0417 BTC.Bitcoin cash is the fourth largest cryptocurrency by capitalization with a market cap of $2.86 billion, equating to a market dominance of nearly 2.2%.