Bitcoin Cash Surges on EDX Listing, Asia Trading Spike
If you can visit the https://coinmarketcap.com/ and see BCH, you can see it is among the top currency to rise above 100% in past weeks. Many of us thought it might end in few days but still continues. Future might be uncertain but seeing this after long time is such a relief and new hopes filled.
The price of Bitcoin Cash (BCH) surged by over 33% in 24 hours on June 30, reaching a high of $308.72. This price movement was likely due to a number of factors, including the listing of BCH on EDX Markets, a South Korean-based cryptocurrency exchange, and increased trading interest from investors in Asia.
EDX Markets is a regulated digital asset exchange that is backed by some of the biggest names in the financial industry, including Fidelity Investments, Citadel Securities, and Charles Schwab. The listing of BCH on EDX Markets is seen as a sign of legitimacy for the cryptocurrency, and it has likely attracted new investors to the market.
In addition to the EDX listing, there has also been increased trading interest in BCH from investors in Asia. South Korea is one of the biggest cryptocurrency markets in the world, and it is known for its high trading volumes and volatility. The recent price surge in BCH is likely due in part to increased buying from investors in South Korea.
The overall sentiment for BCH is positive in the wake of the recent price surge. Investors are bullish on the cryptocurrency, and they believe that it has the potential to continue to grow in value in the future. However, it is important to note that the cryptocurrency market is volatile and prices can fluctuate significantly in the short term. As always, investors should do their own research before making any investment decisions.