Ethereum

Bitcoin Cash

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According to on-chain analytics firm <a href="https://app.santiment.net/charts?settings=%7B%22slug%22%3A%22bitcoin-cash%22%2C%22ticker%22%3A%22BCH%22%2C%22from%22%3A%222023-05-24T02%3A31%3A55.886Z%22%2C%22to%22%3A%222023-06-24T02%3A31%3A55.886Z%22%7D&amp;widgets=%5B%7B%22widget%22%3A%22ChartWidget%22%2C%22wm%22%3A%5B%22price_usd%22%2C%22volume_usd%22%2C%22whale_transaction_count_100k_usd_to_inf%22%2C%22social_dominance_total%22%5D%2C%22whm%22%3A%5B%5D%2C%22wax%22%3A%5B0%5D%2C%22wpax%22%3A%5B%5D%2C%22wc%22%3A%5B%22%2326C953%22%2C%22%23FFDAC5%22%2C%22%23FF5BAA%22%2C%22%23FFCB47%22%5D%2C%22ws%22%3A%7B%220%22%3A%7B%22interval%22%3A%222h%22%2C%22node%22%3A%22candle%22%7D%2C%221%22%3A%7B%22node%22%3A%22area%22%7D%2C%222%22%3A%7B%22interval%22%3A%224h%22%7D%2C%223%22%3A%7B%22interval%22%3A%224h%22%7D%7D%7D%5D">Santiment</a>, 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.
Bitcoin Cash (BCH) has surged by nearly 79% in the past four days after EDX listed the token alongside Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC).
<blockquote class="twitter-tweet">
 📈 With the assistance of <a href="https://twitter.com/hashtag/EDXMarkets?src=hash&amp;ref_src=twsrc%5Etfw">#EDXMarkets</a>, launched on June 20th, <a href="https://twitter.com/hashtag/BitcoinCash?src=hash&amp;ref_src=twsrc%5Etfw">#BitcoinCash</a> has been the biggest beneficiary with a massive +79% price gain in 4 days. Notably, <a href="https://twitter.com/search?q=%24BCH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BCH</a> has seen a 3-year high in social discussion rates, &amp; volume has easily eclipsed 2023 highs. <a href="https://t.co/6fz4RL28tH">https://t.co/6fz4RL28tH</a> <a href="https://t.co/MNn59zRy8T">pic.twitter.com/MNn59zRy8T</a>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1672443431602491392?ref_src=twsrc%5Etfw">June 24, 2023</a>
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"With the assistance of EDXMarkets, launched on June 20, Bitcoin Cash has been the biggest beneficiary, with a massive +79% price gain in 4 days. Notably, BCH has seen a 3-year high in social discussion rates, and volume has easily eclipsed 2023 highs," <a href="https://twitter.com/santimentfeed/status/1672443431602491392">Santiment wrote</a>.
While social dominance has reached its highest point since 2020, Santiment notes that BCH volume is robust, hitting 2023 highs.
After hitting intraday highs above $200, not seen since May 2022, BCH was up 35.76% in the last 24 hours at $193 at the time of writing.
In the past seven days, BCH has been up more than 80%, according to CoinMarketCap data. BCH has thus reentered the top 20 with a current market capitalization of $3.75 billion.
As traders rushed into the current market spike to profit, BCH's 24-hour trading volume also increased by over 425%.
The rest of the market received a spark of positivity after Bitcoin hit its highest level in a year following high-profile exchange-traded fund (ETF) filings in the U.S. of late. A few often dormant altcoins are soaring as a result of the market's increased optimism. Notably, Bitcoin and Ethereum forks are soaring.
Bitcoin SV is up 24% in the last 24 hours. Ethereum Classic (ETC) is up 13%, as is EthereumPoW (ETHW), which is up 20% in the last 24 hours.
<a href="https://u.today/dash-dash-completes-halving-litecoin-and-bitcoin-next">card</a>
Bitcoin Cash's upcoming halving in the next 286 days remains another positive catalyst.
The subsequent Bitcoin Cash halving is expected to occur on or around April 6, 2024, according to <a href="https://www.oklink.com/halving">OKLink</a>. After that, rewards for mining Bitcoin Cash will decrease from 6.25 BCH to 3.125 BCH. There are currently 41,297 blocks remaining for this event.

Bitcoin Cash (BCH) Up 79% in Days; Here Are Possible Reasons for Rise

U_Today

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