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Qubetics disrupts blockchain usability, joining Bitcoin Cash and Ethereum as top cryptos to watch this week. #pressrelease

The Bitcoin price is stuck above $94,000 and this sustained behaviour has paved the way for the altcoins to grow. Interestingly, the trader's attention has shifted from BTC to its forks and as a result, the prices of BitcoinCash (BCH) & Bitcoin SV (BSV) have begun to rise consistently.

One of the factors that could be driving the demand for long positions is a drop in funding rates to 0.0076%.

Actorforth.org has launched a Flipstarter campaign to raise 30 bitcoin cash (BCH) to keep its rest.bch.actorforth.org API service operational. Actorforth Launches Campaign to Prevent BCH API Shutdown According to the Flipstarter fundraising proposal, the API, which has supported the bitcoin cash (BCH) community since 2021, faces closure on Dec. 31, 2024, without additional funding.

Bitcoin Cash community member and self-described “freedom maximalist” minisatoshi has released a detailed trajectory of Bitcoin, tracing it's path as P2P permissionless cash from 2009 to the present.

Bitcoin was the only gainer in the Index since late Monday, rising 1%.

In the first week of December 2024, crypto whales actively made significant moves, purchasing up a diverse range of altcoins. This buying spree reflects their growing confidence in these cryptocurrencies, likely fueled by favorable macroeconomic conditions or speculative opportunities.

Story Highlights Bitcoin price hits $100k, achieving a new milestone in the market. However, Bitcoin-based altcoins record increased volatility, indicating uncertainty. Technical sentiments hint at a sustained bullish price action this week. As BTC price hits new ATH above the $100,000 mark, the cryptocurrency market has achieved a new benchmark in the world market.

The Bitcoin Cash network now has an experimental, native-backed, over-collateralized stablecoin called “Moria” (MUSD). Within about one day, the decentralized, open-source protocol has seen over $25,000 locked on the network, with transactions occurring directly on-chain.

There is a high demand for BCH's futures after open interest reached a seven-month high above $400M.

The Moria Protocol has launched MUSD, the first stablecoin built on BCH Cashtokens. Bitcoin Cash Gets a Stablecoin Powered by Decentralized Borrowing The Moria Protocol has unveiled MUSD, the first stablecoin built on Bitcoin Cash (BCH) Cashtokens, marking a milestone in the evolution of the BCH ecosystem.

Roger Ver, the most prominent backer of the Bitcoin Cash (BCH) hard fork, has filed a motion to dismiss an indictment against him.

Dating back to 2017, Bitcoin Cash (BCH) is a hard fork of the leading cryptocurrency Bitcoin (BTC), which was developed to solve some of BTC's scalability issues.

Technical signals indicate further increases while analysts predict new highs.

Altcoins like GOAT, SUI, and POPCAT have faced notable shifts in momentum following their recent peaks. GOAT, which hit an all-time high of $1.37, has declined 25.42% over the past week, falling out of the top 10 meme coin rankings.

Bitcoin Cash (BCH) has been making headlines with its recent price surge, crossing the significant $500 mark and drawing attention from traders and investors. After a remarkable rally of 18.29% in the past 24 hours, BCH is not only holding above the $500 threshold but is also eyeing further gains, with the next key resistance target at $541.

Why Utility Cryptos Were Triumphant This Week

Bitcoin Cash (BCH) added nearly 35% to its value in the past month and rallied 12% on Thursday, November 21. Bitcoin's (BTC) observed a rally to $98,384 early on Thursday, with BCH and other top cryptocurrencies tagging along for the ride.

Bitcoin Cash (BCH) eyes a 50% rally to $709 by December after breaking out of bullish technical patterns, supported by Bitcoin's halving momentum and Trump's pro-crypto policies.

Bitcoin Cash has surged over the past 24 hours to reach a 7-month high.

The cryptocurrency market experiences positive sentiments as Bitcoin nears $100K after topping $97K. Amidst the bullish trends, Bitcoin Cash (BCH) surpassed the $10 billion market cap after significant 24-hour surges. The upward trend triggered speculations about the potential for BCH price in the coming sessions.

Bitcoin Cash's price gains over the last seven days have outpaced market leaders Bitcoin and Ethereum. This morning (UTC), Bitcoin Cash ($BCH) blew up 17% in the course of 24 hours. The surge was brief, though, and the coin's 24-hour gains have since dropped to 8.1%.

Ethereum Classic was also among the top performers, gaining 9.4%.

Bitcoin Cash (BCH) price has risen more than 10% in the last 24 hours, surpassing the $10 billion market cap and signaling renewed bullish momentum. The recent surge has brought BCH closer to key resistance levels, indicating the potential for further gains if the uptrend strengthens.