Close Menu
CryptoHoppers.comCryptoHoppers.com
    What's Hot

    Step into Crypto Trading With Confidence

    October 22, 2023

    Bitcoin To Surpass Gold And Silver Within A Decade

    October 15, 2023

    DuelNow Unveils Rewarding New Referral Program Ahead of Highly Anticipated Token Launch

    November 19, 2024
    Facebook X (Twitter) Instagram
    • Privacy Policy
    • Get In Touch
    Facebook X (Twitter) Instagram
    CryptoHoppers.comCryptoHoppers.com
    • News

      China’s Biggest Bitcoin Treasury Firm Plans $500M Stock Sale To Buy More Crypto

      September 17, 2025

      Kart Rumble eyes $200k milestone as early momentum builds

      September 15, 2025

      Bitcoin Knots Tightens Grip, Snags Over a Quarter of Network Nodes

      September 14, 2025

      XRP Price At $23, Dogecoin To $2, And Solana At $1,800? Analyst Unveils 2026 Predictions

      September 13, 2025

      World Liberty Financial Nets Trump Family Crypto Billions

      September 12, 2025
    • Technology

      Chainlink Teams Up with Taiko to Power Institutional-Grade DeFi on Ethereum

      September 17, 2025

      London Stock Exchange Launches Blockchain Platform for Private Funds

      September 16, 2025

      Dogecoin’s next big move – Will the price slingshot to $1.58?

      September 15, 2025

      Bullish patterns in Trump Coin face whale-sized risks

      September 14, 2025

      WisdomTree Brings Private Credit Onchain With CRDT on Ethereum and Stellar

      September 13, 2025
    • Learn/Guide

      Nakamoto set to acquire BTC Inc following successful audit

      September 17, 2025

      Chainlink joins AethirCloud’s AI Unbundled Alliance to support Web3 AI infrastructure

      September 16, 2025

      Base launches Solana bridge

      September 15, 2025

      Prenetics now holds 228 BTC and buys 1 BTC daily

      September 14, 2025

      Rabby Wallet integrates XRPL EVM chain with Peersyst

      September 13, 2025
    • NFTs

      Slimesunday’s Magnum Opus: ‘Banned from New York’ Blows the Lid Off Digital Censorship | NFT CULTURE | NFT News | Web3 Culture

      July 22, 2025

      1mouth Analog: miirror’s Raw Leap from Digital to Handmade Chaos | NFT CULTURE | NFT News | Web3 Culture

      May 9, 2025

      NFTCulture Expands Into TCGs with Cardcore.xyz: Where Digital Collectibles Meet Competitive Play | NFT CULTURE | NFT News | Web3 Culture

      May 8, 2025

      From Moonshots to Broken Links: The Rise and Fall of CloneX | NFT CULTURE | NFT News | Web3 Culture

      April 24, 2025

      Pacific Spirit: Vinyl Meets Code in a Groundbreaking Generative Drop on Art Blocks | NFT CULTURE | NFT News | Web3 Culture

      April 16, 2025
    • Regulation

      Bullish Secures New York BitLicense, Opens Door to U.S. Crypto Trading

      September 17, 2025

      UNDP Bets on Blockchain Education as Government Academy Prepares for 2025 Launch

      September 16, 2025

      Why India Won’t Legalise Full Crypto Laws Yet

      September 15, 2025

      Why the GENIUS Act, Not State Licenses, Could Decide Hyperliquid’s USDH Future

      September 14, 2025

      Coinbase Files Motion to Sanction SEC Over Missing Gensler Texts

      September 13, 2025
    • Business

      Metaplanet Is About to Drop $881M Into Bitcoin, Here’s the Timeline

      August 27, 2025

      Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

      November 17, 2024

      Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus

      November 16, 2024

      Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

      November 15, 2024

      Bitcoin Mining Company Mara Holdings Now Holds 26,747 Bitcoin: Q3 Earnings Report Reveals

      November 14, 2024
    • Live Pricing
    CryptoHoppers.comCryptoHoppers.com
    Home » 13% Rally Driven By Fresh Demand
    News

    13% Rally Driven By Fresh Demand

    October 1, 20233 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Bitcoin Cash
    Share
    Facebook Twitter LinkedIn Pinterest Email


    The price of Bitcoin Cash has experienced significant rise over the course of the last 30 days, resulting in favorable returns for investors. Since July, BCH holders have continuously maintained a positive perspective, which has reduced the frequency of selling activity. This collective sentiment has played a significant role in the upward trajectory of BCH, consequently yielding favorable outcomes for these holders.

    The price of BCH has increased by about 13% over the previous week, giving it some of the biggest gains in the last seven days for cryptocurrency assets. According to CoinMarketCap data, the altcoin was trading at $234.78 at the time of publication.

    The value of the world’s cryptocurrency market dropped to $1.06 trillion at the time of writing, a 0.1% decrease in a day. On Thursday, ETH increased by about 0.8% to $1,629, while Bitcoin (BTC) rose slightly above the $27K level.

    Can Bitcoin Cash Reach New ATH This Year?

    BCH is anticipated to undergo a trial of the support line at a value of $229, after which a subsequent rebound is projected. The breach of the current barrier at $253 is crucial for the potential rise of the altcoin. If this level is surpassed, it might pave the way for the altcoin to achieve new 2023 highs, beyond the $300 mark.

    BCH market cap currently at $4.6 billion on the weekend chart: TradingView.com

    Bitcoin Cash has increased by a remarkable 90% in the last six months, demonstrating strong performance. Furthermore, the price of BCH has been up significantly by 136% so far this year, maintaining a favorable return.

    Santiment research indicates that whales in the cryptocurrency space have increased their holdings in Bitcoin Cash significantly. Collectively, bitcoin whales with holdings ranging from 100,000 to 10 million BCH held 3.74 million BCH as of September 18, 2023.

    Source: Santiment

    Long-Term Holder Addresses Up

    But on September 26, their holdings had increased to 3.86 million BCH, showing a noteworthy acquisition of 120,000 BCH in just one week. Their balances are now comparable to what they were in July 2023 thanks to this accumulation, and the 120,000 BCH that the Bitcoin Cash whales purchased are worth about $25.6 million at the current market price of $213 per BCH.

    Meanwhile, the increase in long-term holders of Bitcoin Cash indicates a positive outlook for the cryptocurrency’s sustainability. These committed investors, who believe in BCH’s long-term potential, contribute to a stable user base and network demand. This support from long-term holders, combined with whale accumulation, could help BCH reach or exceed $300 in the future

    (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).

    Featured image from iStock



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    China’s Biggest Bitcoin Treasury Firm Plans $500M Stock Sale To Buy More Crypto

    September 17, 2025

    Kart Rumble eyes $200k milestone as early momentum builds

    September 15, 2025

    Bitcoin Knots Tightens Grip, Snags Over a Quarter of Network Nodes

    September 14, 2025

    XRP Price At $23, Dogecoin To $2, And Solana At $1,800? Analyst Unveils 2026 Predictions

    September 13, 2025
    Top Posts

    Crypto and AI mania shine spotlight on Chainlink and Borroe

    August 3, 2023

    Blockchain Adoption Hits New Heights With $10 Trillion Milestone In 2024

    January 9, 2025

    Crypto Trader Calls Yesterday’s Bitcoin (BTC) Bounce but Admits to Possibly Misinterpreting One Key Metric

    June 16, 2023

    Welcome to CryptoHoppers.com! Stay informed with the latest updates, trends, and insights from the dynamic world of cryptocurrencies. From Bitcoin to altcoins, blockchain technology to decentralized finance (DeFi), we cover it all. Discover expert analysis, market trends, regulatory developments, and exciting innovations shaping the crypto industry.

    Top Insights

    China’s Biggest Bitcoin Treasury Firm Plans $500M Stock Sale To Buy More Crypto

    September 17, 2025

    Kart Rumble eyes $200k milestone as early momentum builds

    September 15, 2025

    Bitcoin Knots Tightens Grip, Snags Over a Quarter of Network Nodes

    September 14, 2025
    Advertisement
    Demo
    CryptoHoppers.com
    Facebook X (Twitter) Instagram
    • News
    • Technology
    • Learn/Guide
    • Regulation
    • NFTs
    • Business
    • Live Pricing
    © 2025. Designed by CryptoHoppers.com.

    Type above and press Enter to search. Press Esc to cancel.