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In the ever-evolving world of cryptocurrencies, Bitcoin Cash (BCH) stands as a significant player. Born as a hard fork of the pioneering Bitcoin (BTC) in 2017, BCH has carved its niche in the crypto landscape.
Cryptocurrencies encompass more than just their current trading price, total market cap, and tokenomics. This groundbreaking technology, that's behind shifting a trillion-dollar industry, was created to benefit individuals and tackle tangible issues, like the use of peer-to-peer cash systems.
As the overall market recovers, with Bitcoin taking a bullish step in October, the altcoins are on a positive track. Even though the BCH price breached the $250 mark in the first two days of October with a remarkable growth of 10%.
Bitcoin cash price started a fresh decline below the $240 zone against the US Dollar. The price is now trading below the $235 zone and the 55 simple moving average (4 hours).
A handful of altcoins are seeing a “major surge” in address activity, according to the crypto analytics firm Santiment. The firm notes that Bitcoin Cash (BCH), Smooth Love Potion (SLP), Mask Network (MASK) and Civic Pass (CVC) have all hit three-month highs in terms of daily active address counts.
Bitcoin Cash (BCH) has recently embarked on a rollercoaster ride in the cryptocurrency market, briefly surging past the $250 mark before encountering an 8% correction to approximately $230. The question on everyone's mind is: What is fueling these dramatic price movements?
Bitcoin Cash (BCH) price briefly reclaimed the $250 on Tuesday before the bears forced an 8% retracement toward the $230 range. On-chain data examines how the BCH miners' recent trading activity has impacted prices.
Bitcoin Cash price is holding the key $220 support against the US Dollar. BCH seems to be aiming for a fresh increase unless there is a move below $220.
In a surprising twist of events, Bitcoin Cash (BCH) has experienced a remarkable surge this week, breaking through the $250 mark. What sets this surge apart is the emergence of a group of experienced crypto whales, known for their adept tactics in navigating the volatile crypto market, as the driving force behind this bullish trend.
The daily number of unique active addresses trading Bitcoin Cash has reached a one-month high. However, with the market severely plagued by bearish sentiments, the coin's price has failed to react.
On-chain data shows crypto whales spent $35 million buying 150,000 Bitcoin Cash (BCH) within the last two weeks. Will the bulls trigger another price rally?
Data from Santiment shows that several altcoins have registered an increase in address activity, which may make them worth keeping an eye on. Bitcoin Cash & Other Altcoins Have Observed A Rise In Active Addresses As explained by the on-chain analytics firm Santiment in a new post on X, some alts are seeing rising activity despite the cooldown that the overall cryptocurrency sector has observed in the past couple of days.
After several months of volatile and uncertain trading, the altcoin market is poised for a welcome relief rally in the fourth quarter of 2023. This optimism is fueled by the anticipation of crypto traders looking to capitalize on profits during the end-of-year festivities, leading to a surge in overall trade volume.
Not only was the market structure in BCH's lower timeframes bearish, but the sentiment was as well and the pullback saw a drop in the Open Interest.
Crypto whales have been capitalizing on the recent industry swings and positive macro events to scoop some altcoins for potential gains in October 2023. On-chain analysis beams the spotlight on 3 mega-cap cryptocurrencies that are whales buying.
Bitcoin Cash (BCH) Price has outperformed Bitcoin (BTC) price by 145% since June 2023. However, BCH has now started to show weakness.
With the market taking a bullish step in October, the altcoins are rising higher to their previous swing highs. Even the BCH price reaches the $250 mark with a remarkable growth of 10% within just two days.
Bitcoin cash rose to a multi-month high to start the week, as traders pushed the cryptocurrency above a key resistance level. The move came on the heels of the “Uptober” trend, and ahead of a big week of U.S. economic data, headlined by the nonfarm payrolls report. Solana rose to its highest level since mid-August.
The price of Bitcoin Cash has experienced significant rise over the course of the last 30 days, resulting in favorable returns for investors. Since July, BCH holders have continuously maintained a positive perspective, which has reduced the frequency of selling activity.
Despite price growth in the past few weeks, bearish sentiment lingers in the market, and has caused BCH's negative funding rates to rally.
Top altcoins Bitcoin Cash (BCH), Chainlink (LINK), and Maker (MKR) are poised to lead a potential 'Uptober' surge in the crypto market.
Even though prices have mostly felt static this year, markets have come a long way since New Year.
The crypto market gained an upward momentum during the week starting 25 September. Meanwhile, some digital tokens capitalized on the enhanced cues to register double-digit gains. Bitcoin Cash (+13%), Chainlink (+15%), Maker (+13%), and THORChain (+14%) flourished this week, and Santiment expects more uptrends into October.
Bitcoin Cash (BCH) price briefly reclaimed $240 on Friday, bridging its September gains to 25%. Can the bullish crypto whales drive the BCH price rally further forward in October 2023?
