{"id":538982,"date":"2023-06-21T17:00:07","date_gmt":"2023-06-21T17:00:07","guid":{"rendered":"https:\/\/www.wncen.com\/?p=538982"},"modified":"2023-06-21T13:37:30","modified_gmt":"2023-06-21T13:37:30","slug":"bitcoin-cash-surges-20-in-one-day-as-market-rebounds-whats-next","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/news\/bitcoin-cash\/bitcoin-cash-surges-20-in-one-day-as-market-rebounds-whats-next\/","title":{"rendered":"Bitcoin Cash Surges 20% In One Day As Market Rebounds, What’s Next?\u00a0"},"content":{"rendered":"
The crypto market entered an upward trajectory in the past 24 hours, with most coins, including Bitcoin Cash (BCH), making notable price moves. <\/span>Speculations and anticipation around BlackRock\u2019s spot BTC application, and the recent WisdomTree and Invesco filing, could be driving the surge.<\/span><\/p>\n Also, the just-launched Wall Street-backed crypto exchange EDX must have contributed, to a large extent, to the improved market sentiment. <\/span><\/p>\n The total crypto <\/span>market cap<\/span><\/a> has already increased 5.74% in the last 24 hours as <\/span>Bitcoin<\/span><\/a> tallies a 7.94% gain over the same time frame, propelling its weekly gain to 11.73%.\u00a0<\/span><\/p>\n Following the brief consolidation and sporadic price action triggered by heightened regulatory uncertainty, the bulls are leading the market.\u00a0<\/span>Assets prices ticked positive in the last 24 hours. As Bitcoin fights to break the $29,000 mark, its close relative, Bitcoin Cash, has put on an incredible performance in the background.<\/span><\/p>\n Related Reading: Nansen Forecast For Bitcoin Bull Run: Regulatory Clarity And Lower Inflation<\/a><\/p>\n Bitcoin Cash\u2019s (BCH) <\/span>price<\/span> has surged over 21.20% in the last day with the recent bullish momentum. The asset’s remarkable performance pushed it atop the <\/span>charts<\/span><\/a>and it is now the top-gaining coin of the day, June 21, with a 22.10% price gain in the last seven days.<\/span><\/p>\n Bitcoin Cash’s appearance on the EDX exchange boosted social sentiment, massively pushing network activity.\u00a0<\/span>The token trading volume has increased massively from $76.86 million, recorded yesterday, June 20, to $382 million today. The increase represents over 493% in 24 hours. <\/span>Also, BCH trades at $129.21, with a 21.20% price increase over the past 24 hours.<\/span><\/p>\nBCH Price Outlook<\/b><\/h2>\n