- Bitcoin Money (BCH) has gained practically 80% prior to now 4 days.
- The worth of BCH rose from $109.73 on June 20 and elevated considerably to $199.00.
- Based on Santiment, Bitcoin Money is the largest beneficiary of the launch of EDX Markets.
Knowledge from CoinmarketCap reveals that Bitcoin Money (BCH) has gained practically 80% over the previous 4 days to turn into one of many largest gainers among the many high twenty cryptocurrencies. Bitcoin Money (BCH) value rose from $109.73 on June 20 and rose considerably to $199.00. Santiment, the market intelligence platform, has linked this extraordinary rise in BCH costs to the influence of the brand new digital asset buying and selling platform, EDX Markets.
Based on Santiment, Bitcoin Money is the largest beneficiary of the launch of EDX Markets. It additionally reveals that Bitcoin Money’s social chat price has reached its highest stage in three years, and the quantity has simply eclipsed the 2023 highs.
On Tuesday, June 20, 2023, EDX Markets, a digital asset market, accomplished a funding spherical with new capital companions. On the identical day, it launched its digital asset market, which it feeds by way of intermediaries. The influence of the launch rippled by way of the cryptocurrency market, with most main cash rallying to important ranges.
The launch got here as a reduction for a market tormented by regulatory points over the previous few weeks. It rekindled investor confidence within the digital asset market and injected important bullish momentum that reversed market sentiment. In a short while, the digital asset market appears to have gone from FUD (Worry, Uncertainty, and Doubt) to FOMO (Worry Of Lacking Out).
On the time of writing, Bitcoin Money held the highest spot amongst weekly gainers on CoinmarketCap. The current rally pushed BCH’s weekly acquire to 76.43%. The second highest gainer was PEPE (PEPE) after rallying 63.39% over the identical interval. Bitcoin SV (BSV) gained 50.27%, whereas Stacks (STX) made a cumulative revenue of 32.92% over the previous seven days.
