{"id":24950,"date":"2023-06-30T13:38:26","date_gmt":"2023-06-30T13:38:26","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/06\/30\/bitcoin-cash-price-shoots-to-300-with-strong-volumes-from-sk\/"},"modified":"2023-06-30T13:38:26","modified_gmt":"2023-06-30T13:38:26","slug":"bitcoin-cash-price-shoots-to-300-with-strong-volumes-from-sk","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/06\/30\/bitcoin-cash-price-shoots-to-300-with-strong-volumes-from-sk\/","title":{"rendered":"Bitcoin Cash Price Shoots to $300 With Strong Volumes from SK"},"content":{"rendered":"

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The magnanimous rally in Bitcoin Cash continues with the BCH value capturing one other 30% within the final 24 hours and transferring nearer to $300. As of press time, BCH is buying and selling 31.38% up at a value of $298.<\/p>\n

With a market cap of $5.71 billion, Bitcoin Cash (BCH) is now the 14th largest cryptocurrency. Over the final 10 days since June 20, the BCH value has gained by a staggering 200%.<\/p>\n

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As per data<\/a> on Coinglass, the open curiosity for BCH contracts surged to $562 million, reaching its highest stage since May 12, 2021. Trading quantity for BCH contracts has seen a exceptional enhance of over 10 instances since June 22, with a 24-hour buying and selling quantity reaching as excessive as 4.427 billion. Moreover, BCH has witnessed a formidable value rise of practically 100% prior to now week.<\/p>\n

The main motive behind the Bitcoin Cash (BCH) price rally<\/a> has been the launch of the EDX Markets crypto change on June 20. EDX Markets is backed by a number of the greatest institutional gamers out there similar to Fidelity and Citadel.<\/p>\n

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Thus, with them itemizing BCH, together with three different cryptocurrencies, analysts are assured that BCH would somewhat keep as a commodity and never a safety. With the SEC cracking down on the digital belongings business, there\u2019s been a rising concern of altcoins attaining the standing of securities.<\/p>\n

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Who\u2019s Leading the Bitcoin Cash Price Pump?<\/h3>\n

Popular crypto analyst Colin Wu writes<\/a>: \u201cSouth Korea may be the reason for the BCH PUMP. In the past 24h, the largest exchange in South Korea, Upbit, has recorded a trading volume of over $350 million for the BCH\/KRW, contributing to 23.58% of the total trading volume for BCH. It is also 3x the trading volume of the BTC\/KRW on Upbit\u201d.<\/p>\n

South Korea has been one of many greatest markets for cryptocurrencies and continues to accomplish that even right now. Investors in South Korea have been significantly bullish about Bitcoin\u2019s first hardfork model Bitcoin Cash (BCH).<\/p>\n

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\n\"Mooky