The Reason Bitcoin Cash (BCH) Surged Over 100% in 7 Days
Bitcoin Cash is seriously outperforming the rest of the crypto market. Where's the hype coming from?
Keep up with what's happening in the crypto world in real-time.
Bitcoin Cash is seriously outperforming the rest of the crypto market. Where's the hype coming from?
Bitcoin cash rose to a one-year high on Tuesday, as traders continued to buy the token following last week's EDX markets listing. The newly formed exchange, which is backed by the likes of Citadel, Sequoia Capital and Fidelity, listed the coin in its offering. Litecoin was another token added to the exchange.
Bitcoin cash (BCH) has experienced a surge of 112% in value within a week of being listed on EDX Markets, a platform supported by prominent financial institutions.
Bitcoin Cash, one of the early offshoots of the lead cryptocurrency Bitcoin, is extending the rally it began in the past week and has more than doubled in value within the time frame. In July 2017, the Bitcoin Cash network was forked from the original Bitcoin blockchain to serve as a payment network.
Bitcoin (CRYPTO: BTC) traded higher, but the cryptocurrency prices remained below the key $31,000 level on Tuesday. Ethereum (CRYPTO: ETH), meanwhile, remained almost flat, trading below the key $1,900 mark this morning.
To say Bitcoin Cash (BCH) is on a roll right now is an understatement. Currently valued at US$4.5bn, the altcoin has surged a whopping 121% in the past seven days, significantly outpacing the next top riser among the top-100 altcoin set (being the PEPE meme coin, in case you were interested).
Coinflex has partially repaid debts to SmartBCH, including bitcoin cash, as the value of BCH surges by over 110%.
In recent times, Bitcoin Cash has grabbed the attention of several investors due to its massive growth recorded. From the last week's low of $109.6, the coin price surged 115.5% and reached the current trading price of $236.6.
Technical improvements and a listing on EDX Markets have likely fueled trading interest in bitcoin cash tokens.
In the wake of the recent hype around spot Bitcoin exchange-traded funds (ETFs), crypto markets have rebounded drastically, adding $60 billion to the global crypto market cap over the past week.
The market is in search of direction following last week's explosive movements. Some coins, however, are defying the sentiment.
Bitcoin Cash has experienced a remarkable surge, soaring by a staggering 108% over the past week. There has been a surge in bitcoin prices due to the opening of EDX Markets and BlackRock's application to the SEC for a Bitcoin spot ETF. BCH (Bitcoin Cash) surged approximately 108% over the past week.
Bitcoin Cash (BCH), a cryptocurrency that is a fork of Bitcoin (BTC), has surged more than a whopping 107% over
Coinflex, a UK-based cryptocurrency exchange, has partially repaid its debt to SmartBCH Alliance Limited. The exchange has been responsible for the BCH to sBCH cross-chain bridge.
Bitcoin Cash (BCH) has seen a dramatic surge in value, rising by 108% over the past seven days, following BlackRock's application for a Bitcoin spot ETF with the SEC and the launch of EDX Markets.
With today's 17% gain, the BCH has now more than doubled in the week since it was listed on EDX Markets, a new crypto exchange backed by financial heavyweights.
Bitcoin Cash (BCH) reached a new yearly high after a 145% increase in two weeks. Kava. (KAVA) rallied during the weekend but failed to clear a crucial horizontal resistance.
In the ever-evolving world of cryptocurrencies, Bitcoin Cash (BCH) has emerged as a major player, aiming to address the challenges faced by the original Bitcoin (BTC).
On Sunday, June 25, the cryptocurrency market experienced a modest increase in value, climbing from $1.21 trillion two days prior to its current value of $1.24 trillion. Bitcoin has surged 15% in the past week, while ethereum has risen over 10% against the U.S. dollar.
During the consolidation phase, Bitcoin Cash price saw a strong accumulation of buying power around its support prices.
An old-school Bitcoin (BTC) hard fork altcoin is making headlines this week after a listing on a brand new crypto exchange sent the asset's price soaring. Bitcoin Cash (BCH), which was spun off from Bitcoin in 2017, is up 41% in the past 24 hours and more than 62% in the past week.
The prices of coins keep rising on the first day of the weekend despite the recent sharp growth.
The ongoing Bitcoin ETF season has triggered a wave of optimism in the cryptocurrency market, with Bitcoin (BTC) surging to its one-year high of $31,000 after a prolonged period of struggle. This bullish sentiment has also spilled over to forked cryptocurrencies, with Bitcoin Cash (BCH) emerging as one of the top gainers, skyrocketing by 30% in the past 24 hours to reach its highest price in a year.
According to on-chain analytics firm Santiment, Bitcoin cash has been the biggest beneficiary since a new crypto exchange backed by firms including Citadel Securities, Fidelity Digital Assets, and Charles Schwab Corp. — EDX Markets — went live.