Bitcoin Cash Holds $531 Despite Exchange Security Concerns as Bulls Eye $550 Break
The post Bitcoin Cash Holds $531 Despite Exchange Security Concerns as Bulls Eye $550 Break appeared on BitcoinEthereumNews.com. James Ding Jul 21, 2025 02:09 BCH price trades at $531.50 (+2.02%) with strong bullish momentum intact despite recent BigONE exchange hack creating temporary headwinds for the market. Quick Take • BCH currently trading at $531.50 (+2.02% in 24h) • Bitcoin Cash RSI at 61.02 signals continued bullish momentum • Recent BigONE exchange breach creates short-term caution despite underlying strength What’s Driving Bitcoin Cash Price Today? Bitcoin Cash demonstrated remarkable resilience over the past week, weathering both positive catalysts and security concerns that have shaped recent price action. The most immediate factor affecting BCH price has been the aftermath of the BigONE exchange security breach on July 16, which saw $27 million stolen from the platform’s hot wallet. While the Bitcoin Cash network itself remained uncompromised, the incident introduced broader market caution that temporarily pressured BCH price from its weekly high of $553.50 down to the $500 support zone. However, the underlying bullish narrative for Bitcoin Cash remains intact. The surge above $500 on July 14 was driven by genuine institutional interest and significant technical improvements, particularly the deployment of Knuth v0.68.0, which enhances node deployment efficiency. This fundamental development, combined with a 122% spike in whale activity, demonstrates that large investors continue to accumulate BCH despite short-term market volatility. The current BCH price of $531.50 reflects a market that has absorbed the negative news while maintaining crucial support levels. Trading volume on Binance spot market reached $59,439,433 in the past 24 hours, indicating sustained interest from both retail and institutional participants. BCH Technical Analysis: Bullish Signals Emerge Bitcoin Cash technical analysis reveals a predominantly bullish setup across multiple timeframes. The most compelling signal comes from Bitcoin Cash’s RSI at 61.02, positioned in the neutral zone but trending upward, suggesting room for…
The post Bitcoin Cash Holds $531 Despite Exchange Security Concerns as Bulls Eye $550 Break appeared on BitcoinEthereumNews.com.
James Ding Jul 21, 2025 02:09 BCH price trades at $531.50 (+2.02%) with strong bullish momentum intact despite recent BigONE exchange hack creating temporary headwinds for the market. Quick Take • BCH currently trading at $531.50 (+2.02% in 24h) • Bitcoin Cash RSI at 61.02 signals continued bullish momentum • Recent BigONE exchange breach creates short-term caution despite underlying strength What’s Driving Bitcoin Cash Price Today? Bitcoin Cash demonstrated remarkable resilience over the past week, weathering both positive catalysts and security concerns that have shaped recent price action. The most immediate factor affecting BCH price has been the aftermath of the BigONE exchange security breach on July 16, which saw $27 million stolen from the platform’s hot wallet. While the Bitcoin Cash network itself remained uncompromised, the incident introduced broader market caution that temporarily pressured BCH price from its weekly high of $553.50 down to the $500 support zone. However, the underlying bullish narrative for Bitcoin Cash remains intact. The surge above $500 on July 14 was driven by genuine institutional interest and significant technical improvements, particularly the deployment of Knuth v0.68.0, which enhances node deployment efficiency. This fundamental development, combined with a 122% spike in whale activity, demonstrates that large investors continue to accumulate BCH despite short-term market volatility. The current BCH price of $531.50 reflects a market that has absorbed the negative news while maintaining crucial support levels. Trading volume on Binance spot market reached $59,439,433 in the past 24 hours, indicating sustained interest from both retail and institutional participants. BCH Technical Analysis: Bullish Signals Emerge Bitcoin Cash technical analysis reveals a predominantly bullish setup across multiple timeframes. The most compelling signal comes from Bitcoin Cash’s RSI at 61.02, positioned in the neutral zone but trending upward, suggesting room for…
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