{"id":540052,"date":"2023-06-28T06:55:27","date_gmt":"2023-06-28T06:55:27","guid":{"rendered":"https:\/\/uniquehot.com\/?p=540052"},"modified":"2023-06-28T06:57:10","modified_gmt":"2023-06-28T06:57:10","slug":"kaching-bitcoin-cash-price-explodes-over-100-whats-powering-it","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-cash\/kaching-bitcoin-cash-price-explodes-over-100-whats-powering-it\/","title":{"rendered":"Kaching! Bitcoin Cash (BCH) Price Explodes Over 100% – What’s Powering It?"},"content":{"rendered":"

Bitcoin Cash (BCH) recently experienced a remarkable surge, registering more than 100% increase. As one of the leading digital currencies, Bitcoin Cash has often been compared to its predecessor, Bitcoin (BTC), but it has also carved its own path in the ever-evolving crypto landscape.<\/span><\/p>\n

BCH, a cryptocurrency born out of a hard fork from Bitcoin in August 2017, shares the same underlying technology as its predecessor but aims to address some of the scalability issues that Bitcoin faced. <\/span><\/p>\n

With its larger block size and faster transaction times, Bitcoin Cash aimed to become a more efficient and accessible form of digital currency. However, it has faced its fair share of scrutiny and volatility over the years.\u00a0<\/span><\/p>\n

Now, with its recent meteoric rise, the question on everyone’s mind is: What factors are driving this surge in Bitcoin Cash’s price, and what does it mean for the future of this digital asset?<\/span><\/p>\n

Bitcoin Cash Emerges As Top Performer<\/strong><\/h2>\n

Bitcoin Cash BCH has exhibited an exceptional performance, positioning itself as one of the leading performers over both short and long timeframes. Over the past seven days, BCH has shown an impressive surge, soaring by a remarkable 106.3%.<\/span><\/p>\n

\"\"<\/p>\n

Source: Coingecko<\/pre>\n
Even in the past 24 hours, it remains a top contender with a gain of 2.8%, defying the prevailing sentiment of stagnation observed in recent days. The current trading price for BCH, according to <\/span>CoinGecko<\/span><\/a>, stands at $226.69, further solidifying its upward trajectory.<\/span><\/p>\n
Meanwhile, Bitcoin, the flagship cryptocurrency, experienced a significant breakthrough by surpassing the $30,000 mark with remarkable momentum, <\/span>briefly breaching the $31,000 threshold<\/span> before the start of the weekend. <\/span><\/p>\n
<\/p>\n
BCH market cap currently at $4.5 billion. Chart: TradingView.com<\/a><\/pre>\n
However, the bullish momentum was unable to sustain itself, leading to a resurgence of selling pressure and subsequently pushing the price back towards the $30,000 level. At the time of writing, the primary cryptocurrency is trading around $30,444, reflecting a meager setback in its upward trajectory.<\/span><\/p>\n
Factors Driving BCH Price Surge<\/strong><\/h2>\n
Recent developments have shed light on the factors driving the impressive surge in the price of Bitcoin Cash (BCH). According to a new <\/span>BCH price <\/span>report<\/span>,<\/span><\/a> the launch of EDX Markets<\/a>, a cryptocurrency exchange backed by industry giants Citadel Securities, Charles Schwab Corp., and Fidelity Digital Assets, has significantly benefited BCH.<\/span><\/p>\n
EDX Markets will offer trading services for various cryptocurrencies, including Bitcoin Cash, providing increased accessibility and liquidity for BCH investors.<\/span><\/p>\n
\"\"<\/p>\n
Bitcoin Cash price trajectory in the last seven days. Source: CoinMarketCap<\/pre>\n
Furthermore, another significant catalyst for the surge of the crypto’s price can be attributed to its recent game-changing upgrade. <\/span>In May<\/span>, Bitcoin Cash<\/a> underwent a network hard fork that not only enhanced the network’s security and privacy measures but also introduced plans for CashTokens. <\/span><\/p>\n
This innovative feature holds immense potential for building decentralized applications (dApps) on the Bitcoin Cash blockchain, opening up new possibilities and driving increased adoption.<\/span><\/p>\n
(This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n
Featured image from <\/span>Wit Olszewski\/Shutterstock<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin Cash (BCH) recently experienced a remarkable surge, registering more than 100% increase. As one of the leading digital currencies, Bitcoin Cash has often been compared to its predecessor, Bitcoin (BTC), but it has also carved its own path in the ever-evolving crypto landscape. BCH, a cryptocurrency born out of a hard fork from Bitcoin in August 2017, shares the same underlying technology as its predecessor but aims to address some of the scalability issues that Bitcoin faced. With its larger block size and faster transaction times, Bitcoin Cash aimed to become a more efficient and accessible form of digital currency. However, it has faced its fair share of scrutiny and volatility over the years.\u00a0 Now, with its recent meteoric rise, the question on everyone’s mind is: What factors are driving this surge in Bitcoin Cash’s price, and what does it mean for the future of this digital asset? Bitcoin Cash Emerges As Top Performer Bitcoin Cash BCH has exhibited an exceptional performance, positioning itself as one of the leading performers over both short and long timeframes. Over the past seven days, BCH has shown an impressive surge, soaring by a remarkable 106.3%. Source: Coingecko Even in the past 24 hours, it remains a top contender with a gain of 2.8%, defying the prevailing sentiment of stagnation observed in recent days. The current trading price for BCH, according to CoinGecko, stands at $226.69, further solidifying its upward trajectory. Meanwhile, Bitcoin, the flagship cryptocurrency, experienced a significant breakthrough by surpassing the $30,000 mark with remarkable momentum, briefly breaching the $31,000 threshold before the start of the weekend. BCH market cap currently at $4.5 billion. Chart: TradingView.com However, the bullish momentum was unable to sustain itself, leading to a resurgence of selling pressure and subsequently pushing the price back towards the $30,000 level. At the time of writing, the primary cryptocurrency is trading around $30,444, reflecting a meager setback in its upward trajectory. Factors Driving BCH Price Surge Recent developments have shed light on the factors driving the impressive surge in the price of Bitcoin Cash (BCH). According to a new BCH price report, the launch of EDX Markets, a cryptocurrency exchange backed by industry giants Citadel Securities, Charles Schwab Corp., and Fidelity Digital Assets, has significantly benefited BCH. EDX Markets will offer trading services for various cryptocurrencies, including Bitcoin Cash, providing increased accessibility and liquidity for BCH investors. Bitcoin Cash price trajectory in the last seven days. Source: CoinMarketCap Furthermore, another significant catalyst for the surge of the crypto’s price can be attributed to its recent game-changing upgrade. In May, Bitcoin Cash underwent a network hard fork that not only enhanced the network’s security and privacy measures but also introduced plans for CashTokens. This innovative feature holds immense potential for building decentralized applications (dApps) on the Bitcoin Cash blockchain, opening up new possibilities and driving increased adoption. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Wit Olszewski\/Shutterstock<\/p>\n","protected":false},"author":557,"featured_media":540060,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16895],"tags":[16806,10736,1144,8686,4735],"class_list":["post-540052","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-cash","tag-bch-price","tag-bitcoin-cash","tag-btcusd","tag-ethusd","tag-price-action"],"acf":[],"yoast_head":"\nBitcoin Cash Price Explodes Over 100% - What's Powering It?<\/title>\n<meta name=\"description\" content=\"Bitcoin Cash (BCH) recently experienced a remarkable surge, registering more than 100% increase. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Kaching! 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