Bitcoin Cash Price Shoots to $300 With Strong Volumes from SK
With a market cap of $5.71 billion, Bitcoin Cash ( BCH ) is now the 14th largest cryptocurrency. Over the last 10 days since June 20, the BCH price has gained by a staggering 200%. advertisement As per data on Coinglass, the open interest for BCH contracts surged to $562 million, reaching its highest level since May 12, 2021. Trading volume for BCH contracts has seen a remarkable increase of over 10 times since June 22, with a 24-hour trading volume reaching as high as 4.427 billion. Moreover, BCH has witnessed an impressive price rise of nearly 100% in the past week. The major reason behind the Bitcoin Cash ( BCH ) price rally has been the launch of the EDX Markets crypto exchange on June 20. EDX Markets is backed by some of the biggest institutional players in the market such as Fidelity and Citadel. Thus, with them listing BCH , along with three other cryptocurrencies, analysts are confident that BCH would rather stay as a commodity and not a secur...