Bitcoin Cash (BCH) Soars Over 20% in a Day; Here’s Why

·

In a remarkable surge that caught the attention of crypto markets, Bitcoin Cash (BCH) has climbed over 21% in just 24 hours, rising from $104 to $129. This sharp rally has added approximately $450 million** to its market capitalization, pushing its total valuation from $2.07 billion to around $2.52 billion**. As of the latest data, BCH stands among the top-performing cryptocurrencies within the top 100 by market cap, alongside Flow (FLOW) and Conflux (CFX).

While most major digital assets are experiencing gains amid a broader market upswing, Bitcoin Cash’s performance stands out due to both technical momentum and emerging institutional support.

The Broader Market Rally Fuels Gains

The recent spike in BCH’s price did not occur in isolation. It coincided with a strong upward movement across the crypto market, led by Bitcoin (BTC), which gained over 7% in 24 hours—adding more than $40 billion to its market cap. This kind of momentum naturally creates a ripple effect, lifting major altcoins alongside it.

Altcoins such as Litecoin (LTC) (+8.4%), Cardano (ADA) (+7.8%), Stacks (STX) (+19.7%), and Polygon (MATIC) (+6.8%) all posted solid gains. Even heavyweights like Ethereum (ETH) and Solana (SOL) climbed more than 5%, signaling renewed investor confidence across the board.

👉 Discover how market momentum can create explosive opportunities in digital assets.

Bitcoin Cash, being closely correlated with Bitcoin’s price action due to its origins as a 2017 hard fork, benefited significantly from this bullish sentiment. Historically, BCH tends to outperform during strong BTC rallies, thanks to its lower price point and higher volatility.

Why Is Bitcoin Cash Surging Now?

While general market conditions played a key role, another critical factor appears to be driving Bitcoin Cash’s standout performance: institutional adoption through EDX Markets.

EDX Markets, a newly launched digital asset trading platform backed by financial giants including Fidelity Investments, Citadel Securities, and Charles Schwab, has officially begun operations. What makes this development significant is that EDX supports only four cryptocurrencies at launch:

This limited selection underscores a deliberate focus on established, liquid assets with strong fundamentals and widespread recognition. The inclusion of BCH—over more speculative altcoins—signals growing institutional validation for the network.

For a cryptocurrency that has often been overshadowed by Bitcoin and newer smart contract platforms, this endorsement could mark a turning point in perception and demand.

Technical Outlook: Breaking Key Resistance

From a technical perspective, Bitcoin Cash had been trading in a relatively flat range on the weekly chart before this breakout. Earlier in the month, it briefly dipped below the $100 support level, sparking concerns among traders about further downside.

However, the asset quickly rebounded, reclaiming $100 and building momentum toward resistance zones near $115–$120. The current jump to $129 represents a decisive break above these levels, suggesting that bullish momentum may continue in the short to mid-term.

Traders are now watching whether BCH can maintain this new price range and potentially challenge its next major resistance level around $140–$150, an area that could attract profit-taking but also renewed buying interest if market conditions remain favorable.

Core Keywords Driving Visibility

To better understand the forces behind this rally and ensure relevance for search-driven readers, here are the core keywords naturally integrated throughout this analysis:

These terms reflect both user search intent and the evolving narrative around digital asset adoption, particularly as traditional finance institutions deepen their involvement in blockchain-based markets.

Frequently Asked Questions

What caused Bitcoin Cash to rise over 20% in one day?

The surge was driven by two main factors: a broad market rally led by Bitcoin’s 7% gain and the official launch of EDX Markets—an institutional-grade crypto exchange that includes BCH among its only four supported assets.

Is EDX Markets a major crypto exchange?

Yes, EDX Markets is backed by major financial institutions like Fidelity, Citadel Securities, and Charles Schwab. While it currently supports only four cryptocurrencies, its institutional credibility gives it significant influence in shaping market sentiment.

How does Bitcoin Cash differ from Bitcoin?

Bitcoin Cash originated as a hard fork of Bitcoin in 2017, aiming to improve scalability by increasing block sizes from 1MB to 32MB. This allows faster transaction processing and lower fees compared to Bitcoin’s base layer.

Could BCH reach $150 soon?

Given the current momentum and successful break above $120 resistance, a move toward $140–$150 is technically feasible in the coming weeks—especially if overall market conditions remain bullish and trading volume sustains the uptick.

Is Bitcoin Cash still relevant in today’s crypto market?

Despite facing competition from newer blockchains, BCH maintains relevance due to its fast, low-cost payments use case and growing recognition by institutional platforms like EDX Markets.

Should I invest in BCH after this rally?

As with any investment, thorough research is essential. While the recent surge shows positive momentum, past performance doesn’t guarantee future results. Consider your risk tolerance and consult trusted financial resources before making decisions.

👉 Explore real-time price movements and trading tools for Bitcoin Cash and other top cryptos.

Looking Ahead: What’s Next for BCH?

The inclusion of Bitcoin Cash on EDX Markets may prove to be more than just a short-term price catalyst—it could represent a strategic shift toward broader acceptance by traditional financial players. With Fidelity and Schwab serving millions of retail and institutional investors, even limited exposure to BCH through regulated channels can drive sustained demand.

Additionally, ongoing developments in the Bitcoin Cash ecosystem—such as improvements in smart contract functionality via platforms like SmartBCH—could help diversify its utility beyond peer-to-peer payments.

While it may never reclaim the spotlight it held during the 2017–2018 bull run, Bitcoin Cash appears to be carving out a sustainable niche as a reliable, scalable digital currency with growing institutional backing.

Final Thoughts

The recent 21% surge in Bitcoin Cash is not just another volatile blip—it's a signal of reinvigorated market interest fueled by macro trends and concrete developments in institutional access. As trusted financial firms expand their crypto offerings, assets like BCH that offer simplicity, speed, and proven track records are likely to benefit disproportionately.

Whether you're a long-term holder or evaluating new opportunities in the altcoin space, keeping an eye on exchange listings, especially those tied to major Wall Street-affiliated platforms, could provide early clues to the next wave of momentum.

👉 Stay ahead of the next big move with advanced trading features and real-time analytics.