Unanticipated surge of Bitcoin Cash: Understanding the reasons behind its escalating value in the cryptocurrency market
Bitcoin Cash, a prominent cryptocurrency born from a fork in the Bitcoin network in 2017, has experienced a significant price increase, surpassing $370 per unit. This surge is driven by a combination of technical breakout confirmations, anticipation of its upcoming halving event, and positive sentiment in the broader crypto markets.
Currently, Bitcoin Cash is among the most capitalized cryptocurrencies in the market, maintaining a solid position in the global ranking with a capitalization of around $7 billion. The transparent and decentralized blockchain of Bitcoin Cash offers trust and security to users, making it an attractive option for daily transactions and electronic commerce.
In the last month, Bitcoin Cash has shown exceptional performance, with its price increasing by approximately 45%, rising from around $255 to over $370. This strong rally is primarily due to bullish technical momentum and key market events, including the upcoming halving. The price broke out above $546, closing at $551.2 with significant volume, supported by a bullish engulfing pattern, strong MACD divergence, and RSI entering overbought territory, signaling strong buying momentum but some risk of consolidation.
Earlier in August 2025, BCH surged ahead of its halving event scheduled for August, which typically reduces supply and creates bullish investor sentiment, contributing to price gains near $575. The trading volume of Bitcoin Cash in the last 24 hours was nearly $373 million, an increase of 50% compared to the previous day. Bitcoin Cash's price increase is also supported by a significant increase in daily address activity, which rose by around 5.7%.
Bitcoin Cash stands out in the crypto ecosystem with a clear purpose: to be a fast and economical payment method for daily transactions. Its ability to process up to 116 transactions per second, compared to the 7 transactions per second that the Bitcoin network can handle, further solidifies its position as a viable alternative for everyday transactions.
The positive performance of Bitcoin Cash has been accompanied by an improvement in market sentiment and the formation of technical indicators suggesting the possible start of a new altcoin season. However, it's important to note that the investment in cryptoassets is not fully regulated, may not be suitable for retail investors due to its high volatility, and there is a risk of losing the entire amount invested.
As Bitcoin Cash continues to make waves in the crypto market, those interested in learning more about technical analysis can enroll in the "Technical Analysis of Cryptocurrencies" training, taught by Ivan Gonzalez, a professional expert in investments and cryptocurrencies. With its unique combination of practical utility, efficient technology, and positive growth expectations, Bitcoin Cash promises a promising future in the vast crypto universe.
[1] Source: CoinMarketCap, TradingView, and various technical analysis resources. [2] Source: Bloomberg, CoinDesk, and other macroeconomic analysis resources. [3] Source: Santiment, Glassnode, and other on-chain analysis resources. [4] Source: Binance, Coinbase, and other exchange resources. [5] Source: Cointelegraph, Decrypt, and other news resources.
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