Bitcoin Cash (BCH) has experienced a notable price increase, climbing from $535 to $572, driven by a golden cross on its hourly chart. This technical pattern, where a short-term moving average surpasses a long-term one, indicates sustained bullish momentum. Trading volume for BCH surged by over 40% in the past 24 hours, reflecting increased investor interest.
BCH's market capitalization has expanded, reinforcing its lead over Shiba Inu (SHIB) and maintaining its status as a leading cryptocurrency. Currently trading at $572.53, BCH shows potential to reach the $600 mark if the bullish trend continues. It ranks 15th in market capitalization with $11.26 billion, compared to SHIB's 23rd rank and $7.19 billion market cap.
Bitcoin Cash Approaches $600 Amid Bullish Golden Cross
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.