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BCH, the native coin of the peer-to-peer electronic cash system Bitcoin Cash, is currently experiencing heightened volatility. This leaves the altcoin susceptible to sharp price swings in either direction.
Bitcoin Cash price crossed $340 lon Aug 9, up 36.4% since Aug 5, derivatives market data suggests BCH traders betting on Russia's recent announcement.
Bitcoin Cash price has demonstrated marked volatility recently. The trading patterns oscillated between bearish and bullish sentiments, echoing the broader cryptocurrency market's dynamics.
Bitcoin Cash's (BCH) price is currently attempting to bounce back after closing above a key support level that supported the altcoin during the July crash, too.
The cryptocurrency markets saw a strong recovery on Tuesday following a 30% correction that pushed Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and other major cryptocurrencies to multi-month lows.
Bitcoin Cash price has seen a significant recovery over the past 24 hours. This aligns with global market experiences of a rebound.
The CoinDesk 20 gains 1.2% overnight with BCH up 3.0% and ETC up 2.5%.
However, BTC was able to recover from this level as buyers propped up the price, eventually making it back above $65,000 to settle just below the 20-day SMA at $65,312.
Following a strong rally that took it past the $70,000 mark, Bitcoin (BTC) has lost considerable momentum, with the price dipping below $66,000 during the ongoing session.
With its recent performance, Bitcoin Cash (BCH) has been generating news and attracting the interest of both experts and investors for its obvious ascent. Reflecting a robust market performance, BCH jumped by around 14% in the last week.
As anticipation builds for a potential Bitcoin bull run, Bitcoin beta plays like Bitcoin Cash are seeing significant gains, with its price up 11.25% month-on-month.
As the crypto markets continue to consolidate after a minor upswing, some tokens follow the trend, while others are going against it and trying to secure a strong ascending trend. The rise to close to $70,000, followed by a consolidation, has paved the way for the altcoins to swell to some extent.
Altcoins offer investors and traders an alternative to big cryptocurrencies within the market. Since the start of this week, these major cryptocurrencies like Bitcoin and Ethereum have continued to rocket upwards, pulling the majority of the market with them.
Over the past day, the crypto economy has grown by 2.57%, reaching $2.48 trillion on Monday, July 29. Bitcoin has climbed over 3% since last week, while ether has decreased slightly by over 3% during the same period. The highest gainer this week was ecash (XEC), which increased nearly 17% over the past seven days.
Bitcoin Cash and Litecoin lead the charge as the CoinDesk 20 Index climbs 3.0% since Friday's close.
Bitcoin Cash (BCH) price is among the most impressive altcoins in the crypto market, up by 25% in four days.
Bitcoin Cash has surged by over 30% in the past few days, reaching its highest level in five weeks at $457. This rally has been driven by a broader crypto market upswing following Donald Trump's speech at the Bitcoin 2024 conference and expectations of a rate cut by the U.S.
Bitcoin Cash (BCH) is in the spotlight after recording the best price surge in months. Per current data, Bitcoin Cash is changing hands for $449.69, up by more than 14% in the past 24 hours.
Bitcoin Cash has recently emerged from an inverse head-and-shoulders pattern, a technical formation often associated with upward price movements.
BTC-linked tokens are witnessing a rally, riding on Bitcoin's latest attempt to regain the $70,000 mark after Donald Trump's pro-crypto speech at the Bitcoin Conference. Bitcoin Cash (BCH) and Bitcoin SV (BSV), both surged by over 14% on Monday, leading with heavy gains among top digital assets.
BCH, JUP, and BSV are today's top performers from the larger-cap alts.
Bitcoin Cash has experienced a notable increase of over 13% in the past 24 hours, making it the top gainer among the leading 100 cryptocurrencies on July 29. At the time of writing, Bitcoin Cash (BCH) had surged by 13.
Mt. Gox payouts seem to have not spooked BCH holders as the forked version of bitcoin outperformed the market in an otherwise slow trading day.
Bitcoin Cash price experienced a significant increase from the beginning of the Bitcoin conference, going into the weekend and spilling over into Monday. The gains are likely attributed to the just concluded conference in which presidential aspirants Robert F.
