The post Bitcoin Cash Price Soars 21%: Will The Rally Sustain? appeared on BitcoinEthereumNews.com.

Bitcoin Cash price has spiked by 21% over the last day on the back of a raft of positives. While chatter over the sustainability of the rally has grown louder, Javon Marks is predicting an even bigger surge for Bitcoin Cash (BCH). Bitcoin Cash Price Spikes By Over 21% Driven By Impressive Fundamentals According to CoinMarketCap data, Bitcoin Cash price soared by over 21% in the last 24 hours to reach a high of $376.79. The sudden price surge saw BCH trading volumes climb to $373 million, a 50% increase over the last day. A closer look at the charts and on-chain data reveals the triggers for the jolt in Bitcoin Cash price. Right out of the bat, the biggest needle-mover for BCH appears to be from its derivatives data, with rising Open Interest figures climbing by 8.76%. Alongside the increase in the number of unsettled contracts is a surge in daily active addresses for Bitcoin Cash. The daily active addresses have risen by 5.7% over the last day, making Bitcoin Cash the highest gainer among the top 20 cryptocurrencies by market capitalization. It appears that the exchange outflow for BCH is spiking, serving as an additional confirmation of the bullish sentiments. However, concerns over the long-term sustainability of the BCH price rally are weighing on the minds of investors. Since racking up the 21% daily gains, the price of BCH has fallen to $372%, leaving investors scanning the horizon for the earliest signs of a correction. Javon Marks Predicts A Longer Price Surge For BCH Cryptocurrency analyst Javon Marks is projecting an even bigger and sustained rally for Bitcoin Cash price. In an X post, Marks theorizes that the recent gains notched by BCH are early “signs of recovery,” noting that a 300% rally is in the offing. The…

---

Filed under: News - @ April 29, 2025 5:26 pm