Bitcoin Cash (BCH) surged 18% in the past day but remains down over 52% in the last 90 days. The rally is largely driven by increased leverage in the perpetual market, where long positions dominate and funding rates have spiked, signaling potential overheating. Meanwhile, the spot market shows weak demand with more selling than buying for 10 consecutive days, raising concerns about the sustainability of the price rise. BCH could still move higher toward $315 due to liquidity clusters, but the risk of a pullback toward $260 remains if momentum shifts, especially given resistance levels and the heavy long exposure.
Zcash (ZEC) surged 47.1% to around $810, leading a wide rally in altcoins including Bitcoin Cash, Cardano, Dogecoin, and Chainlink, all posting double-digit gains. The rally is driven by optimism around the U.S. Digital Asset Market Clarity Act and e...
Bitcoin Cash surged 32.2% to $295.41, leading the day's top gainers as investors show renewed interest in Bitcoin forks, which are seen as more scalable alternatives to Bitcoin. Other notable gainers include Zcash (+29.5%), known for privacy features...
Cryptocurrency markets experienced notable gains with Bitcoin rising 6.4% to $77,338 and Ethereum up 4.2% to $2,427. Several altcoins showed significant increases, including BCH up 28.3%, ZEC up 21.2%, and PEPE surging 22.4%. These movements indicate...
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 Trea...
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...
