Bitcoin Cash

Bitcoin

Citadel

Read

<p class="is-style-lead">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.</p> 
<h2 class="wp-block-heading" id="bch-reaches-new-heights">BCH reaches new heights</h2> 
<p>Bitcoin cash (<a href="https://crypto.news/bitcoin-cash-bch-and-polkadot-dot-deficits-noted-in-binance/">BCH</a>) has witnessed an extraordinary surge, with its value skyrocketing by 112% over the past seven days. This remarkable upswing can be attributed to two significant factors: BlackRock’s application for a bitcoin spot ETF and the launch of EDX Markets.</p> 
<p>BlackRock’s recent <a href="https://crypto.news/blackrock-nears-bitcoin-etf-filing-partnering-with-coinbase-custody/">application</a> for a bitcoin spot ETF has triggered excitement in the cryptocurrency market. This interest has created a bullish sentiment around bitcoin and projects like bitcoin cash.</p> 
<p> You might also like: <a href="https://crypto.news/bitcoin-cash-bch-halving/"> Bitcoin Cash (BCH) Undergoes Halving; Here’s All You Need to Know </a> </p> 
<p>The introduction of EDX Markets has also emerged as a catalyst for bitcoin cash’s (BCH) recent price surge.&nbsp;</p> 
<p>EDX Markets, a trading platform specifically designed for institutional investors, has gained immense attention due to its <a href="https://crypto.news/fidelity-schwab-and-citadel-launch-new-institutional-crypto-exchange/">backing</a> by financial giants like Fidelity, Schwab, and Citadel Securities.&nbsp;</p> 
<p>Although the platform is not registered with the U.S. Securities and Exchange Commission (<a href="https://crypto.news/sen-cynthia-lummis-lambasts-sec-over-enforcement-actions-against-coinbase/">SEC</a>), its association with such prominent players in the finance world has given it significant credibility.&nbsp;</p> 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"> <iframe title="Bitcoin Cash Is Trash (And Why It Matters)" width="1020" height="574" src="https://www.youtube.com/embed/tozoqfHBQr8?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
 </div>
</figure> 
<p>Notably, EDX Markets exclusively listed four cryptocurrencies: bitcoin (<a href="https://crypto.news/bitcoin-price/">BTC</a>), ether (<a href="https://crypto.news/price/ethereum/">ETH</a>), litecoin (LTC), and bitcoin cash (BCH). </p> 
<p>Including bitcoin cash among its supported crypto assets appears like a vote of confidence in the cryptocurrency, especially during this period of regulatory challenges in the industry, coupled with the <a href="https://crypto.news/roger-ver-and-his-struggling-battle-for-bitcoin-cash-supremacy/">controversies</a> that have always surrounded the project.</p> 
<h2 class="wp-block-heading" id="bch-price-analysis">BCH price analysis</h2> 
<p>At the time of writing, bitcoin cash (BCH) is exchanging hands for $224.76, representing an increase of 16.7% within the last 24 hours and a 112% surge over the past week, data from <a href="https://www.coingecko.com/en/coins/bitcoin-cash" target="_blank" rel="noreferrer noopener">CoinGecko</a> shows.</p> 
<p>The market cap for bitcoin cash sits at $4,375,835,358, with a circulating supply of 19 million BCH.</p> 
<p>BCH has witnessed a significant boost, climbing from a 7-day low of $105.52 to its current price of $224.76. The current resistance level is $220 to $230, and the relative strength index (RSI) on the weekly timeframe stands at 89. </p> 
<p>Should the resistance at $220 to $230 be broken, it may pave the way for further upward momentum in the price of bitcoin cash.</p> 
<p> Read more: <a href="https://crypto.news/bitcoin-30k-institutional-interest-demand/"> Bitcoin steadies above $30k, institutional interest fanning demand </a> </p>

BCH gains 112% following EDX Markets listing

Table of Contents

crypto.news

Other articles published on Jun 27, 2023

Exploring the expansive ecosystem of EVM-compatible chains

Binance withdraws license application in Austria

MASSIVE $5000+ Crypto Airdrops Opportunity

How SafeStake Keeps Ethereum Validator Private Keys Secure

Cardano to Find the Bottom of the Current Bear Cycle in November; Will The Crypto Space Also Rema...

Circle Launches Cross-Chain Transfer Protocol On Arbitrum $ARB

Join our free newsletter for daily crypto updates!