Spot Bitcoin ETF applications by the world’s largest financial companies bitcoinWhile triggering the rally in BTC, the rally in BTC also activated altcoins.
In this context BTC While it has increased by 15% in the last week, altcoinIn general, increases were seen between 10% and 20%.
However, some altcoins have experienced big jumps by diverging positively. One of these altcoins is undoubtedly remarkable with its 80% rise. Bitcoin Cash (BCH) it happened.
Looking at what is behind this rise, the new stock market launched recently EDXMarketslisted only four cryptocurrencies and one of them Bitcoin Cash to be took place.
Because EDXMarkets said in the statement, taking into account the crypto pressure of the SEC, only Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin CasHe said he listed the h.
BCH, which increased by 79% in the last week and by 35% in the last 24 hours, reached $ 192.
Popular crypto analysis platform Santiment evaluated the rise in BCH, which pinned the $200 limit, and said:
With the help of EDXMarkets, which was launched on June 20, Bitcoin Cash became the most notable altcoin with a massive 79% price increase in 4 days.
Notably, BCH saw a 3-year high in social discussion rates and volume easily eclipsed 2023 peaks.”
📈 With the assistance of #EDXMarketslaunched on June 20th, #BitcoinCash has been the biggest beneficiary with a massive +79% price gain in 4 days. notably, $BCH has seen a 3-year high in social discussion rates, & volume has easily eclipsed 2023 highs. https://t.co/6fz4RL28tH pic.twitter.com/MNn59zRy8T
— Santiment (@santimentfeed) June 24, 2023
Bitcoin Cash, Released in July 2017 after forking the original Bitcoin blockchain. Listed on Binance, BCH reached $1,650 in the 2021 bull rally.
*Not investment advice.
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