Following a recent price jump, investors are watching how BCH navigates conflicting future developments, including a potential new investment product and the planned removal of a major stablecoin.
BCH sees a short-term price jump
Bitcoin Cash (BCH) saw its price increase by
↗5%
in the last 24 hours, moving past a recent high of $511. This daily gain was slightly ahead of the broader market average, though its trading volume growth of
↗3%
was notably below the market's average increase.
Monthly performance shows a decline
This recent gain comes after a period of weaker performance, with the asset's price down
↘12%
over the past month. During that same time, other cryptocurrencies like STRK and ICP saw significant price gains and attracted higher trading volume.
Mixed news on the horizon
Looking ahead, BCH is connected to two significant but opposing developments. Grayscale has reportedly filed for a potential Bitcoin Cash ETF
, while
Tether has announced it will end support for its USDT stablecoin on the network in the future.