{"id":21797,"date":"2023-06-23T20:46:45","date_gmt":"2023-06-23T20:46:45","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-cash-price-hits-1-year-high-bulls-eye-200\/"},"modified":"2023-06-23T20:46:45","modified_gmt":"2023-06-23T20:46:45","slug":"bitcoin-cash-price-hits-1-year-high-bulls-eye-200","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-cash-price-hits-1-year-high-bulls-eye-200\/","title":{"rendered":"Bitcoin Cash price hits 1-year high, bulls eye $200"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1687552433650-cf8f0c98-14da-4683-8206-3ac5a131b2fa-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1687552433650-cf8f0c98-14da-4683-8206-3ac5a131b2fa-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1687552433650-cf8f0c98-14da-4683-8206-3ac5a131b2fa-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/06\/1687552433650-cf8f0c98-14da-4683-8206-3ac5a131b2fa-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Bitcoin Cash price jumped to a 1-year high today when BCH hit $194, up 72% over the week.<\/li>\n<li dir=\"ltr\">BCH price broke higher as institutional-driven crypto sentiment pushed Bitcoin (BTC) above $31,000.<\/li>\n<li dir=\"ltr\">Bullish sentiment for Bitcoin Cash also followed the listing on BCH on the Citadel-backed crypto exchange EDX Markets.<\/li>\n<\/ul>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/bitcoin-cash\/\">Bitcoin Cash<\/a> price has soared to its highest level in twelve months after spiking more than 40% in 24 hours to hit $194 on Coinbase.\u00a0<\/p>\n<p dir=\"ltr\">As CoinJournal highligted <a href=\"https:\/\/coinjournal.net\/news\/bitcoin-cash-surges-as-bch-hits-3-month-high-heres-why\/\">here<\/a>, Bitcoin Cash price had jumped to a 3-month high on Wednesday.<\/p>\n<h2 dir=\"ltr\">Why is Bitcoin Cash price up?<\/h2>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/news\/tag\/bch\/\">BCH<\/a> was up by 72% in the past seven days and traded at prices last seen in early June last year. This is when the crypto winter and market contagion pushed it from highs of $210 on June 1 to lows of $103 by the end of the month.<\/p>\n<p dir=\"ltr\">The Bitcoin fork cryptocurrency then slumped to lows of $89 in November as the FTX implosion catalysed massive crypto losses.<\/p>\n<p dir=\"ltr\">A bullish start to 2023 however faded with BCH\/USD trading around $154 in February. This week\u2019s breakout above a technical downtrend line coincided with the broader crypto market rally, buoyed by the news of BlackRock\u2019s application for a spot Bitcoin ETF. Today\u2019s gains came as <a href=\"https:\/\/coinjournal.net\/news\/btc-hits-31k-as-sec-approves-first-leveraged-futures-bitcoin-etf\/\">Bitcoin reached $31,450<\/a>, its highest price since June 2022.<\/p>\n<p dir=\"ltr\">While BTC is up 85% year-to-date, Bitcoin Cash price is slightly higher at 90% YTD.<\/p>\n<div class=\"fr-img-space-wrap\"><span class=\"fr-img-caption fr-fic fr-dib fr-draggable\" style=\"width: 800px\"><span class=\"fr-img-wrap\"><\/p>\n<p dir=\"ltr\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2023\/05\/23\/1687551463969-a6e76a5a-5227-4d0e-b526-55fc1b523a06.png\" style=\"width: 800px\" class=\"fr-fic fr-dib\" width=\"800\" height=\"242\"\/><span class=\"fr-inner\"\/><\/p>\n<p dir=\"ltr\">Bitcoin Cash performance on the daily chart. Source:\u00a0<a href=\"https:\/\/www.tradingview.com\/x\/Mo4JhQt7\/\" rel=\"noopener noreferrer\" target=\"_blank\"><u>TradingView<\/u><\/a><\/p>\n<p><\/span><br \/>\n<\/span><\/p>\n<h2 class=\"fr-img-space-wrap2\">BCH open interest up 79%<\/h2>\n<\/div>\n<p dir=\"ltr\">BCH Futures open interest has since jumped, up 79% in the past 24 hours. It follows the bullish breakout above $135 after newly-launched EDX Marketslisted Bitcoin Cash as one of four coins on the exchange alongside Bitcoin, Ethereum and Litecoin.\u00a0<\/p>\n<p dir=\"ltr\">EDX Markets, which <a href=\"https:\/\/coinjournal.net\/news\/new-crypto-exchange-edx-markets-goes-live\/\">went live this week<\/a>, is backed by some of Wall Street\u2019s largest financial investment firms \u2013 Charles Schwab, Fidelity Investments and Citadel.<\/p>\n<p>According to <a href=\"https:\/\/www.coinglass.com\/BitcoinOpenInterest\"><u>data<\/u><\/a> from Coinglass, open interest in BCH was over $200 million as of 3pm ET on Friday, June 23. It\u2019s the highest the metric has risen to since March 2022.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-cash-price-hits-1-year-high-as-bch-soars-72-this-week\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Bitcoin Cash price jumped to a 1-year high today when BCH hit $194, up 72% over the week. BCH price broke higher as institutional-driven crypto sentiment pushed Bitcoin (BTC) above $31,000. Bullish sentiment for Bitcoin Cash also followed the listing on BCH on [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":21798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21797"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=21797"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/21797\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/21798"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=21797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=21797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=21797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}