2 0
Bitcoin Cash Rises 6% as Fed Cuts Rates by 25 Basis Points
Bitcoin Cash (BCH) Surge:
- BCH gained nearly 6% in the last 24 hours, trading at $637.71.
- Trading volume increased by 169%, indicating renewed interest.
- The Federal Reserve cut rates by 25 basis points to 4.25%.
Technical Analysis:
- BCH is in a "launchpad zone" with key support around $600.
- Potential breakout targets are $700 and $1,000.
- RSI is at 65.40, suggesting strength without being overbought.
- MACD shows bullish momentum.
- A breakout above $1,000 could drive prices toward $1,200.
- Failure to hold current levels may lead to a retrace to $580 or $520.

Bitcoin Hyper (HYPER) Presale:
- Presale has raised over $16.5 million.
- Aims to create a Layer-2 ecosystem on Bitcoin for DeFi tokens and NFTs.
- Tackles slow transactions and high fees while maintaining security.
- Offers staking returns up to 69% APY.