Bitcoin Cash

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Over the last three days, Bitcoin Cash (BCH) has seen a remarkable increase of 38.5%, reaching its highest value since February at $146. 
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 <img decoding="async" class="wp-image-22275 size-full" src="https://crypto.ro/en/wp-content/uploads/2023/06/Bitcoin-Cash-price-chart.jpg" alt="Bitcoin Cash price chart" width="1858" height="792" srcset="https://crypto.ro/en/wp-content/uploads/2023/06/Bitcoin-Cash-price-chart.jpg 1200w, https://crypto.ro/en/wp-content/uploads/2023/06/Bitcoin-Cash-price-chart-300x128.jpg 300w, https://crypto.ro/en/wp-content/uploads/2023/06/Bitcoin-Cash-price-chart-1024x436.jpg 1024w, https://crypto.ro/en/wp-content/uploads/2023/06/Bitcoin-Cash-price-chart-768x327.jpg 768w, https://crypto.ro/en/wp-content/uploads/2023/06/Bitcoin-Cash-price-chart-750x320.jpg 750w, https://crypto.ro/en/wp-content/uploads/2023/06/Bitcoin-Cash-price-chart-1140x486.jpg 1140w" sizes="(max-width: 1858px) 100vw, 1858px" title="Bitcoin Cash soars 38,5% in three days to reach four-month high following EDX listing 1">
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 Bitcoin Cash price chart | CoinMarketCap
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The surge followed the listing of <a href="https://crypto.ro/en/cryptocurrencies/bitcoin-cash">BCH</a> on EDX, an exchange backed by Fidelity, Schwab, and Citadel, alongside other notable cryptocurrencies such as Bitcoin (BTC), <a href="https://crypto.ro/en/cryptocurrencies/ethereum">Ether (ETH)</a>, and <a href="https://crypto.ro/en/cryptocurrencies/litecoin">Litecoin (LTC)​</a>. 
BCH’s open interest, an essential metric for evaluating the nominal value of open trades on a specific asset, saw a significant increase of 77%, reaching a nine-month high of $135 million, as per <a href="https://coinalyze.net/bitcoin-cash/open-interest/" rel="nofollow noopener" target="_blank">Coinalyze</a> data​. 
This swell in open interest highlights a shift in positive sentiment and kindles hopes for potential institutional adoption of BCH following its EDX listing​. 
While BCH was created in July 2017 after a <a href="https://crypto.ro/en/dictionary/breaking/">fork</a> from the original Bitcoin’s blockchain and once reached a record high of $2,947 during the peak of the 2017 <a href="https://crypto.ro/en/dictionary/bull-market/">bull market</a>, its adoption as a payment network has lagged behind Bitcoin’s​​. 
In a comparison of the total transaction value on each network over the past week, <a href="https://crypto.ro/en/bitcoin/">Bitcoin</a> facilitated $75 billion in transactions, while Bitcoin Cash, despite its recent surge, handled transactions worth only $129 million. This disparity underscores the differences in adoption and usage between the two cryptocurrencies​​. 
Bitcoin Cash was the biggest gainer of the week among the top 200 cryptocurrencies by market cap.The current market sentiment for BCH is bullish, bolstering hopes for further upward movement​.

Bitcoin Cash soars 38,5% in three days to reach four-month high following EDX listing

crypto.ro global

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