Bitcoin Cash

Bitcoin

<a href="https://en.coin-turk.com/bitcoin-price-faces-pressure-prior-to-and-after-the-fomc-meeting-minutes-announcement/" data-wpel-link="internal">Bitcoin</a> Cash (BCH) surged slightly above $280 on Friday, marking over a 13% recovery from its previous weekly lows of $250.&nbsp; 
<h2 style="text-align: justify" id="span-data-contrast-auto-bitcoin-cash-movements-span-span-data-ccp-props-201341983-0-335551550-0-335551620-0-335559739-160-335559740-259-span">Bitcoin Cash Movements!&nbsp;</h2> 
While BCH has been hovering around the $250-$330 range over the past week, the recovery is not particularly thrilling. BCH bulls are catching their breath within the last seven days, following a threefold increase from the token’s low levels of under $100 in the second half of June.&nbsp; 
The announcement that Bitcoin Cash will be among several cryptocurrencies to be listed by the cryptocurrency exchange EDX Markets served as a catalyst for the significant price increase in June. EDX Markets, recently launched and backed by a slew of large financial institutions such as Fidelity, Charles Schwab, and Citadel, is expected by analysts to be more favorably viewed by regulators than competitors like <a href="https://en.coin-turk.com/sec-takes-legal-action-against-binance-significant-shake-up-in-the-altcoin-market/" data-wpel-link="internal">Coinbase</a>.&nbsp; 
Bitcoin Cash was created in August 2017 as a result of a hardfork in the original Bitcoin <a href="https://en.coin-turk.com/cleanspark-expands-bitcoin-mining-operations-with-9-3m-acquisition-in-georgia/" data-wpel-link="internal">Blockchain</a>. The creators initiated the new blockchain to address limitations of its peer, such as scalability and transaction speed issues.&nbsp; 
<img decoding="async" class="aligncenter wp-image-88796 size-full" src="https://en.coin-turk.com/wp-content/uploads/2023/07/bch.png" alt="" width="1410" height="620" srcset="https://en.coin-turk.com/wp-content/uploads/2023/07/bch.png 1410w, https://en.coin-turk.com/wp-content/uploads/2023/07/bch-300x132.png 300w, https://en.coin-turk.com/wp-content/uploads/2023/07/bch-768x338.png 768w, https://en.coin-turk.com/wp-content/uploads/2023/07/bch-1200x528.png 1200w" sizes="(max-width: 1410px) 100vw, 1410px"> 
<h2 style="text-align: justify" id="span-data-contrast-auto-bitcoin-cash-data-span-span-data-ccp-props-201341983-0-335551550-0-335551620-0-335559739-160-335559740-259-span">Bitcoin Cash Data!&nbsp;</h2> 
According to CoinGecko, the strong performance exhibited by Bitcoin Cash since mid-June has led to an increase of over 150% in the past thirty days. This indicates that it is the top-performing cryptocurrency in the top 100 by market value.&nbsp; 
Bulls have identified the long-term support-resistance level around $385 as the short-term key price target. The strong rally in the past few weeks has led some crypto investors to worry that they may have missed their chance to buy BCH cheaply.&nbsp; 
While a strong exit from the $90-$160 range, where the cryptocurrency has been stuck for about a year, certainly seems to suggest expectations for a longer-term uptrend, BCH is still far below its previous all-time highs.&nbsp; 
The post <a rel="nofollow" href="https://en.coin-turk.com/bitcoin-cash-rises-following-edx-markets-listing-announcement/" data-wpel-link="internal">Bitcoin Cash Rises Following EDX Markets Listing Announcement</a> appeared first on <a rel="nofollow" href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin Cash Rises Following EDX Markets Listing Announcement

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