Bitcoin Cash Prices Spikes to 4-Month High; Open Interest Rises to 77%
Bitcoin Cash was one of four assets listed on Citadel-backed exchange EDX this week.
Bitcoin Cash (BCH) has surged by 36.5% in the past three-days after EDX, the , listed the token alongside bitcoin (BTC), ether (ETH) and litecoin (LTC).
In the past 24-hours it has increased by more than 10% to $143, its highest level since February, according to .
Open interest, a metric used to assess the nominal value of open trades on a specific asset, has risen by 77% to a nine-month high $135 million according to
The rise in open interest suggests a shift in positive sentiment with hopes that the asset can experience institutional adoption after being listed on EDX.
Bitcoin Cash was issued in July 2017 after it forked the original Bitcoin's blockchain. It made a record high of $2,947 during the peak of the 2017 bull market. However, despite early optimism, adoption of Bitcoin Cash as a payments network has paled into insignificance compared to its sibling.
Over the past seven days, the total amount of transactions on the Bitcoin Cash network worth more than $100,000 is at . Bitcoin, meanwhile, has facilitated $75 billion in transactions during the same period, according to.
Edited by Parikshit Mishra.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin long-term holders offload 400K BTC: How low can BTC price go?
Partisan Dispute on Healthcare Subsidies Leaves Government Stalled in 35-Day Shutdown
- U.S. government shutdown hits 35 days, matching 2018-2019 record due to partisan disputes over healthcare subsidies and funding. - Democrats demand ACA premium subsidy extension, while Republicans oppose tying funding to pandemic-era programs, causing unpaid workers and service disruptions. - Economic risks grow with potential $1.4B losses if shutdown extends, as military pay and food assistance programs face critical strain. - Senate shifts toward seeking 2026 funding extension after failed short-term b
Dogecoin News Today: Dogecoin's Weak Hold at $0.18 Faces Bearish Pressure as Support Begins to Falter
- Dogecoin (DOGE) clings to $0.1825 support amid bearish pressure, entering a critical Wyckoff accumulation zone. - Technical indicators show a "death cross" pattern as EMAs cross bearishly, with whales offloading 440M tokens in three sessions. - On-chain data reveals $22.27M daily outflows and intensified selling, risking a steep drop toward $0.07 if $0.18 support fails. - Analysts warn stabilization above $0.165 is critical to reverse the downtrend, with potential recovery paths to $0.26–$0.33 if bulls d
Bitcoin Updates: Marathon's Integration of AI and Energy Drives $123 Million Earnings Despite Market Slump
- Marathon Digital reported $123M net income in Q3 2025, a sharp recovery from a $124.79M loss, driven by 91.8% revenue growth to $252.41M from Bitcoin mining and energy partnerships. - The company acquired Exaion for $168M and partnered with MPLX to build Texas data centers, integrating Bitcoin mining with AI infrastructure and HPC. - Despite Bitcoin’s 8% October drop, Marathon’s BTC holdings rose to 53,000 ($6B), reflecting a treasury strategy akin to MicroStrategy’s, while legal challenges over mining o
Trending news
MoreCrypto prices
More
