Bitcoin Cash surged 29.41% to $288.53 in a single day, the largest gain among major cryptocurrencies during the recent rally. This spike was driven not by any Bitcoin Cash-specific news but by a broader market risk-on sentiment triggered by a US Treasury policy shift. As a smaller, high-beta derivative of Bitcoin with thin liquidity, Bitcoin Cash amplified Bitcoin's move, which itself rose about 3%. Despite the strong bounce, Bitcoin Cash remains below its 200-day EMA, indicating the rally is a bounce within a downtrend rather than a full trend reversal. Key resistance lies at $300 and the 200-day EMA near $330, with support at $222.90 and $190. Investors should watch Bitcoin's trend closely, as Bitcoin Cash's price largely follows Bitcoin's momentum rather than independent catalysts.
Major cryptocurrencies saw significant gains, with Bitcoin rising 6.2% to $72,557 and Ethereum up 10.9% to $2,326.79. Other notable increases include XRP up 16.1%, Dogecoin up 10.7%, and several altcoins showing double-digit percentage gains. This su...
Bitcoin remains steady around $63,300 after facing resistance near $64,400, showing little reaction to recent CPI data. Meanwhile, altcoins HYPE and ZEC are leading gains, signaling selective strength in the crypto market. However, bearish futures po...
