![[LIVE] Ethereum, Solana, BNB Outperforming The Crypto Market: Best Crypto To Buy Now As BTC and XRP Stall](https://99bitcoins.com/cimg.co/coinlogo/4/5b7fc72f06f17.svg?#)
Bitcoin Cash (BCH) Holds Above $520 Despite Exchange Hack Fears
The post Bitcoin Cash (BCH) Holds Above $520 Despite Exchange Hack Fears appeared on BitcoinEthereumNews.com. Luisa Crawford Jul 21, 2025 22:31 BCH trades at $523.10 after recent surge past $500, but BigONE hack introduces caution. Technical indicators show bullish momentum despite 3.79% daily decline. Quick Take • BCH currently trading at $523.10 (-3.79% in 24h) • Bitcoin Cash RSI at 57.79 indicates neutral momentum with bullish undertones • Recent BigONE exchange hack creates short-term selling pressure despite strong institutional interest What’s Driving Bitcoin Cash Price Today? The BCH price action over the past week tells a story of resilience amid mixed market signals. Most recently, the July 16 security breach at BigONE exchange, which resulted in a $27 million hack, has introduced a cautionary tone to the cryptocurrency markets. While the Bitcoin Cash network itself remained completely unaffected by this incident, the broader market sentiment has shifted toward risk-off positioning, contributing to today’s 3.79% decline in BCH price. However, this recent pullback comes on the heels of significant positive momentum. Just days earlier on July 14, Bitcoin Cash surged above the psychologically important $500 level, driven by two key catalysts: increased institutional interest and the successful deployment of Knuth v0.68.0, a technical upgrade that improves node deployment efficiency. The surge was accompanied by a remarkable 122% spike in whale activity, indicating that large investors remain confident in Bitcoin Cash’s long-term prospects. The current BCH price of $523.10 suggests that despite the temporary selling pressure from the exchange hack news, the cryptocurrency has managed to hold well above the $500 breakthrough level, demonstrating underlying strength in the market structure. BCH Technical Analysis: Mixed Signals With Bullish Bias Bitcoin Cash technical analysis reveals a nuanced picture that leans toward continued upside potential despite today’s decline. The most encouraging signal comes from Bitcoin Cash’s positioning relative to its moving averages,…
The post Bitcoin Cash (BCH) Holds Above $520 Despite Exchange Hack Fears appeared on BitcoinEthereumNews.com.
Luisa Crawford Jul 21, 2025 22:31 BCH trades at $523.10 after recent surge past $500, but BigONE hack introduces caution. Technical indicators show bullish momentum despite 3.79% daily decline. Quick Take • BCH currently trading at $523.10 (-3.79% in 24h) • Bitcoin Cash RSI at 57.79 indicates neutral momentum with bullish undertones • Recent BigONE exchange hack creates short-term selling pressure despite strong institutional interest What’s Driving Bitcoin Cash Price Today? The BCH price action over the past week tells a story of resilience amid mixed market signals. Most recently, the July 16 security breach at BigONE exchange, which resulted in a $27 million hack, has introduced a cautionary tone to the cryptocurrency markets. While the Bitcoin Cash network itself remained completely unaffected by this incident, the broader market sentiment has shifted toward risk-off positioning, contributing to today’s 3.79% decline in BCH price. However, this recent pullback comes on the heels of significant positive momentum. Just days earlier on July 14, Bitcoin Cash surged above the psychologically important $500 level, driven by two key catalysts: increased institutional interest and the successful deployment of Knuth v0.68.0, a technical upgrade that improves node deployment efficiency. The surge was accompanied by a remarkable 122% spike in whale activity, indicating that large investors remain confident in Bitcoin Cash’s long-term prospects. The current BCH price of $523.10 suggests that despite the temporary selling pressure from the exchange hack news, the cryptocurrency has managed to hold well above the $500 breakthrough level, demonstrating underlying strength in the market structure. BCH Technical Analysis: Mixed Signals With Bullish Bias Bitcoin Cash technical analysis reveals a nuanced picture that leans toward continued upside potential despite today’s decline. The most encouraging signal comes from Bitcoin Cash’s positioning relative to its moving averages,…
What's Your Reaction?
