Bitcoin Cash

Rally

Bitcoin

<p class="p2">Bitcoin Cash has followed the general growth trend of Bitcoin with the price almost clearing the $250 resistance before being rejected. Even though BCH maintains this bullish momentum, it is not completely in the clear following its delisting from one crypto exchange.</p> 
<h2 class="p2" id="edx-markets-delists-bitcoin-cash">EDX Markets Delists Bitcoin Cash</h2> 
<p class="p2">In another unexpected blow, <a href="https://www.newsbtc.com/analysis/bch/bitcoin-cash-price-prediction-205-support/">Bitcoin Cash (BCH)</a> has been delisted from the EDX Markets crypto exchange. Users had first suspected that the exchange was ending support for BCH and rumors spread like wildfire through social media. Eventually, the crypto exchange will confirm these rumors, with a spokesperson revealing that EDX Markets was indeed no longer offering support for BCH.</p> 
<p class="p2">Contrary to the norm,<a href="https://www.newsbtc.com/news/bitcoin-cash/bitcoin-cash-bch-up-55-following-blackrocks-etf-application-edx-markets-launch/"> EDX Markets</a> did not give any indication of why the cryptocurrency was delisted from the exchange. Rather, users were directed to sign up for the newsletter to get updates about listings, as well as check out the website for supported coins.</p> 
<p class="p2">Interestingly, this is happening at a time when rumors have been circulating that EDX Markets might be planning to list <a href="https://www.newsbtc.com/analysis/xrp/pricing-model-xrp-price-bitcoin/">XRP</a>. This would make sense given that many exchanges have resisted the cryptocurrency after Ripple’s victory over the SEC. Since then, XRP’s volume has been on the high side and crypto exchanges have clamored for a chance to get a piece of the pie.</p> 
<h2 class="p2" id="bch-price-struggles-to-holdon">BCH Price Struggles To HoldOn</h2> 
<p class="p2">Following the rejection from the $250 level, the Bitcoin Cash (BCH) price has been hard-pressed to continue on its previous trajectory. The fall toward the $240 level shook out a good portion of longs before the bulls were able to take over once more.</p> 
<p class="p2">However, the <a href="https://www.newsbtc.com/analysis/bch/bitcoin-cash-price-support-220/">BCH</a> daily trading volume is still seeing good momentum after rising 36% in one day. If anything, this shows there is still a fair amount of interest in <a href="https://www.newsbtc.com/analysis/bch/bitcoin-cash-price-fresh-increase-btc-and-eth/">the altcoin</a> with trading garnering a lot of attention from market participants.</p> 
<p class="p2">The major resistance to a BCH breakout currently lies at the $250 level. If the price is able to clear this resistance, then the rally is expected to continue and could touch $270 before losing steam. But it is still a long way from its yearly high of $300.</p> 
<p class="p2">At the time of writing, <a href="https://www.newsbtc.com/news/bitcoin-cash-bulls-charge-13-price-rally-driven-by-fresh-demand/">BCH</a> is trading at $243 with 3.75% losses on the weekly chart. However, it is performing much better in the last day after rising 2.23%.</p> 
<p><img decoding="async" loading="lazy" class="aligncenter size-medium" src="https://www.tradingview.com/x/gx3HhcCY/" alt="Bitcoin Cash BCH price chart from Tradingview.com" width="2650" height="1758"></p>

Bitcoin Cash Rally Threatened As Exchange Drops BCH Following XRP Listing Rumors

Table of Contents

NewsBTC

Other articles published on Nov 3, 2023

Individual creators will ultimately shape the metaverse: Sandbox founders

Monero Price Prediction 2024-2026: Will XMR Price Fly Above $240?

Can Solana (SOL) Jump to $46.80 Despite FTX Liquidation?

SK Securities introduces fractional investment service with three partners

BTC Couldn’t Hold $35,000: Could Bitcoin Price Drop to $30,000?

U.S. Congressman Labels Crypto Industry 'Garden of Snakes'

Join our free newsletter for daily crypto updates!