Bitcoin Cash (BCH) Witnesses Dramatic Surge

Crypto Daily
Crypto Daily

30 Jun 2023 5:40 PM

BCH has seen a spectacular surge recently, registering weekly gains of 114.3%....

  • Bitcoin Cash (BCH) has experienced a significant surge, with weekly gains of 114.3%.
  • The token has become the highest gainer among the top 300 tokens by market cap.
  • The surge in price is attributed to its listing on EDX Markets, backed by Wall Street heavyweights.
  • BCH reached a one-year high shortly after listing on EDX Markets.
  • Santiment, a crypto research firm, found that BCH has benefited from EDX's launch, leading to increased trading volumes and social media interest.
  • Analyst Colin Wu suggests that the price increase may be due to trading activity on South Korean exchanges, particularly Upbit.
  • Upbit recorded massive trading volumes on the BCH/KRW pair, accounting for nearly a quarter of the total volume for BCH in the past 24 hours.
  • BCH has surged 31% in the past 24 hours, surpassing $300 for the first time since April 2022.
  • However, the token is still down 92% from its all-time high in December 2017.

The article highlights the positive surge in Bitcoin Cash (BCH) price, driven by its listing on EDX Markets and increased trading volumes. However, it also mentions that BCH is still significantly down from its all-time high.

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What has been the recent performance of Bitcoin Cash (BCH)?What factors contributed to the surge in BCH price?Which exchanges recorded significant trading volumes for BCH?How much has BCH surged in the past 24 hours?How does BCH's current price compare to its all-time high?

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