Bitcoin Cash news

Bitcoin Cash closed 2025 at over $600 after a 145% year‑to‑date rise from its April low of $250, marking the coin’s biggest price move in the year. Analysts point to three bullish signs: a September record in average transaction value, a new high hashrate, and a symmetrical triangle pattern that has persisted since 2021. The breakout above $600 is viewed as confirmation of that pattern and a springboard toward a $1,600 target, analysts say. Yet sentiment data from Santiment flags a highly greedy mood, which historically precedes price pullbacks. The mix of strong network metrics and overbought sentiment suggests investors should stay alert for a possible correction. Overall, BCH’s rally showcases solid fundamentals but carries risk if sentiment turns bearish in the coming weeks.

The SEC has pushed back its decision on the Grayscale Hedera Trust to a new deadline of November 12. On the same day Grayscale filed updated registrations for its Bitcoin Cash and Litecoin trusts, both of which will seek listing on NYSE Arca. The firm also filed an S‑1 for a new Hedera trust that would trade under ticker HBAR, pending Nasdaq’s request to allow its exchange listing. The SEC normally has 180 days to decide a rule change and may add a 60‑day extension to review comments or amendments. This delay echoes a broader pattern, as the commission has extended deadlines for other crypto ETFs, leaving more than 90 applications waiting for action.

Bitcoin Cash has bucked a 24‑hour slide in the broader crypto market, posting a 3 % gain to trade around $590.30. The rally, launched on Aug. 3, has pushed the price up 14 % from its outset and the upside path looks poised to continue. A liquidation heat‑map shows a cluster of leveraged positions near $603, which could act as a “magnet” and trigger buying if the price climbs further. The asset’s RSI, at 59.5 and still climbing, indicates strengthening bullish momentum while remaining comfortably below the overbought 70‑level. If momentum sustains, traders see a breakout above the psychological $600 barrier, with support near that level potentially moving the price toward $602.20. However, profit‑taking could shift sentiment lower, with a possible pullback toward $556.40.

HBAR surged 27% in 24 hours to a 4‑month high, pushing its market cap above $10.7 billion and overtaking Bitcoin Cash. The Chaikin Money Flow indicator is near 0.20, signalling the altcoin may be overbought and a short‑term pullback could follow. HBAR’s strong correlation with Bitcoin (0.94) and Bitcoin’s climb toward a $120,000 all‑time high may help cushion the token from a sharp correction. Trading at $0.25, the current resistance level, HBAR must break to reach $0.267; if it fails, prices could fall to $0.22 or $0.188. Investors are cautious, as the rally slows and profit‑taking could accelerate a reversal if overbought conditions materialize.

Tether announced that, effective September 1, it will discontinue USDT redemptions on five legacy blockchains—Omni Layer, Bitcoin Cash SLP, Kusama, EOS (now Vaulta), and Algorand—after a phased withdrawal that began two years ago. The move is part of the company’s “infrastructure optimization” strategy to reallocate resources toward more active, scalable networks. CEO Paolo Ardoino said the step allows Tether to focus on platforms with higher developer activity and community engagement, which he said are key to future stablecoin adoption. The five chains had seen a steep decline in USDT usage and trading volume. Customers are urged to redeem or re‑issue their tokens on supported networks before the cutoff, with third‑party services available for non‑directly served holders. Tether will continue to pursue new integrations and prioritize Layer 2 solutions such as the Lightning Network for broader interoperability.

Tether announced that it will end USDT redemption and freeze remaining assets on Bitcoin Cash, Algorand, and three other legacy blockchains effective September 1. The move follows earlier terminations of minting on Algorand, EOS (Vaulta), Bitcoin Cash, Kusama, and Omni, and reflects the company’s strategy to streamline its infrastructure. Tether cited a sharp decline in trading volume on these networks, prompting a focus on high‑utility, actively developed chains. Holders of USDT on the five blockchains are urged to redeem their tokens or request issuance on a supported chain before the deadline. Looking ahead, Tether plans to concentrate on layer‑2 networks and growing ecosystems, prioritizing platforms with greater scalability and developer activity. This shift highlights a broader industry trend of consolidating stablecoin issuance onto fewer, more active blockchains.

Bitcoin Cash (BCH) hit a seven‑month high above $520 on July 1, up 15% in a week and 29% in a month. The surge has been driven mainly by whale activity, with average transaction values jumping from roughly $10,000 in April to $75,000 by late June. Analysts cite risk‑on sentiment, bullish technicals, and institutional buying as key factors, noting BCH has outperformed the broader crypto market and its parent Bitcoin. Price momentum now sits above $500, with some foreseeing potential pushes toward $600 if the trend continues. Signs of consolidation loom as overall volume has dropped, and whale participation has fallen close to 90% from the peak. Traders should watch the $460–$470 range for clues on whether the rally will sustain amid regulatory and market volatility.

Bitcoin Cash closed at $522.40, its highest level in eight months, after a 4 % rally that positioned the altcoin at the top of the market. Technical analysis points to a bullish trend as the BBTrend indicator sits at 9.4 and its green histogram bars have been expanding, signalling accumulating buying pressure. The Smart Money Index, now 85.1, has surged more than 220 % since early June, further confirming institutional confidence. Analysts project the price could rise to about $556.40 if demand continues, while profit‑taking could push the coin toward a $490.80 low. A break below this support could force the value down to $444.70 or lower. Traders will monitor these levels closely as the market decides whether July’s momentum sustains.

Bitcoin rallied more than 6% this week to hover around $100k, with analysts targeting a weekly close above $109k before potential sellers re‑enter the market. A price staying above $105k could push altcoins like HYPE, BCH, LINK and SEI to extend their recent rallies, potentially breaching their respective resistance zones. BTC’s chart shows bullish bias: moving averages trend upward and RSI is positive, offering a path to $110k–$112k and, if it breaks the downtrend line, to $150k, but a drop below the 20‑EMA could pull the price toward $102.5k. HYPE could hit $42.5 beyond its 20‑EMA; BCH may rise to $550–$625; LINK targets $14.43 but could fall below $12.73; SEI might climb to $0.35–$0.43 yet risk dropping to $0.15 after a break.

Bitcoin Cash surged about 6% to $481.30, breaking the $470 resistance level with strong buying pressure and bullish signals such as an RSI of 61 and an ADX near 25. The coin sits above its 50‑day and 200‑day EMAs, creating a divergence that suggests an expanding uptrend, with support between $460 and $470 and resistance near $500. In contrast, Cardano fell 3.5% to $0.5669, sliding below both of its moving averages and entering a bearish zone marked by an RSI of 35 and an ADX of 26 that confirms a strong downward trend. Key support for ADA lies at $0.55 and $0.50, while resistance is at $0.59 and $0.64, implying a potential sustained pullback. Across the sector, total market capitalization grew 0.81% to roughly $3.283 trillion as traders remain cautious amid the Federal Reserve’s decision to hold rates steady. Meanwhile, the S&P 500 edged up 0.07% to 6,097 points, reflecting broader market stability while investors await clearer monetary policy signals.