Bitcoin Cash (BCH) Up 55% Following BlackRock’s ETF Application, EDX Markets Launch
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Bitcoin Cash (BCH) has experienced a remarkable upswing, with its value soaring by 55% in the past week. This surge can be attributed to two key factors: BlackRock’s recent application for a Bitcoin spot ETF with the United States Securities and Exchange Commission and the launch of EDX Markets. BlackRock’s move to seek SEC approval for a Bitcoin spot ETF has sparked a wave of similar applications, generating a bullish sentiment in the cryptocurrency market. This sentiment has had a particularly positive impact on Bitcoin and related projects, including Bitcoin Cash. Nonetheless, the introduction of EDX Markets, a platform catering
Bitcoin Cash has followed the general growth trend of Bitcoin with the price almost clearing the $250 resistance before being rejected. Even though BCH maintains this bullish momentum, it is not completely in the clear following its delisting from one crypto exchange. EDX Markets Delists Bitcoin Cash In another unexpected…
Why did the price of Bitcoin Cash rise? The Bitcoin Cash (BCH) cryptocurrency rate reacted with a sharp jump to the news about the launch of the crypto exchange for institutional investors EDX Markets and doubled in less than a week, writes RBC Crypto. Cryptocurrency began to rise in price…