4 hours ago
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Bitcoin Cash Gains 24%, Leading Top Assets as Zcash Drops 7%
Bitcoin Cash (BCH) Performance:
- BCH extended its rally by 24% in the last 24 hours, leading gains among top 25 assets.
- Current price: $595 after a 9% intraday increase.
- Technical indicators show BCH trading above SMA-50 ($516.7) and SMA-100 ($515.3), supporting potential further increases.
- RSI at 62.25 indicates momentum driven by organic demand.
- Potential upside target is $650; downside risk if support near $545 fails.
Market Dynamics:
- Zcash (ZEC) fell by 7%, while BCH, Monero, Dash, and Beldex saw increased interest.
- Grayscale's plan to convert Bitcoin Cash Trust into a spot ETF could attract institutional inflows.
- EDX Markets, supported by major financial firms, includes BCH among four tradable cryptocurrencies.
PEPENODE Project:
- PEPENODE raises $2.25 million in presale with unique virtual meme coin mining rigs concept.
- Staking rewards at 576%, appealing for early backers.