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.

BCH Price Chart

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.