Bitcoin Cash on the Rise: Breaking $650 Soon?🌟
Diving into the latest on BCH—Bitcoin Cash is pumping hard today, up around 10.31% in the last 24 hours, trading at about $595.80 USDT. Market cap's sitting at $11.7B, ranking it #11 overall. Over the past week, it's up 0.70%, outperforming the broader crypto market that's down 3%.
What's fueling this? Retail demand is surging, with futures open interest jumping 18.69% to $761M, and funding rates turning positive—signs of strong bullish momentum. It's shrugging off the Bank of Japan's rate hike and riding high on US CPI data at 2.7%. Analysts are eyeing a breakout above $615, potentially hitting $650 before Christmas, especially with Grayscale's ETF filing adding institutional hype.
Is BCH gearing up for a major rally, or just a short-term pump? Share your predictions!📈💥
