Since mid-2022, Bitcoin Cash (BCH) had been trading around $100, but its price surged past $220 following its listing on the newly launched EDX Markets exchange. This article explores the factors behind BCH's rally, its market performance, and why EDX's endorsement has reignited investor confidence.
EDX Markets: A Game-Changer for BCH
On June 20, EDX Markets commenced trading services, supporting Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). Backed by financial giants like Charles Schwab, Citadel Securities, and Fidelity Digital Assets, EDX quickly garnered attention despite lacking SEC registration.
Analysts attribute BCH's price surge to EDX's inclusion, as it signaled institutional validation. Notably, BCH was not classified as a security in recent SEC lawsuits against Binance and Coinbase, further boosting investor confidence in its regulatory safety.
Why Bitcoin Cash Stands Out
Key Differences Between BCH and BTC
- Block Size: BTC has a 1MB block limit; BCH expanded to 32MB (as of June 2022), enabling faster transactions and lower fees.
- Scalability: BCH’s larger blocks address Bitcoin’s congestion issues, making it ideal for high-volume payments.
👉 Discover how BCH’s technology compares to other cryptos
BCH Market Performance Highlights
- Price Action: BCH soared 100%+ post-EDX listing, hitting $227 (ranked #16 by market cap).
- Trading Volume: Daily transactions spiked 300%, with 224 large transfers (>1,000 BCH) recorded on June 27.
- Mining Activity: Network hash rate and mining difficulty surged, reaching a 2-year high of 378.71G.
Why Investors Are Bullish on BCH
- Institutional Backing: EDX’s support lends credibility.
- Regulatory Clarity: BCH’s non-security status reduces legal risks.
- Growing Adoption: Social media discussions hit a 3-year peak, reflecting renewed interest.
FAQ Section
Q: Is Bitcoin Cash a good investment after EDX’s listing?
A: EDX’s institutional support and BCH’s scalability make it a compelling option, but market volatility warrants caution.
Q: How does BCH differ from Bitcoin?
A: BCH prioritizes transaction speed and lower fees via larger blocks, while BTC focuses on security and decentralization.
Q: Will BCH’s price continue to rise?
A: While trends are positive, crypto markets are unpredictable. Monitor on-chain data and exchange listings for signals.
Conclusion
Backed by EDX Markets and resilient fundamentals, Bitcoin Cash has emerged as a top performer. With rising hash rates, trading volume, and social engagement, BCH’s outlook remains optimistic.
👉 Stay updated on BCH’s latest developments
Key Takeaways:
- EDX’s listing propelled BCH’s 100%+ rally.
- BCH’s 32MB blocks offer scalability advantages.
- Mining activity and social buzz signal sustained growth.