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BCH

Shaurya Malwa
NFT Gaming

BCH Stages Surprise Run to Near $500 as Volumes Spike 500%

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Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.

He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.



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Stellar (XLM) Dethrones Bitcoin Cash (BCH) in Market Shift
GameFi Guides

Stellar (XLM) Dethrones Bitcoin Cash (BCH) in Market Shift

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In a fresh reshuffling of crypto market rankings, Stellar (XLM) has surpassed Bitcoin Cash (BCH) in market capitalization.

According to current market data, Stellar now has a larger market capitalization than Bitcoin hard fork, Bitcoin Cash. Stellar (XLM) is now the 16th largest cryptocurrency, with a market value of $8.4 billion, while Bitcoin Cash (BCH) is the 17th largest, with a market capitalization of $8.25 billion, according to CoinMarketCap data.

Crypto Rankings, Courtesy: CoinMarketCap

In positive news for Stellar (XLM), Nasdaq has reconstituted the Nasdaq Crypto U.S. Settlement Price Index, which currently serves as the benchmark index for the Hashdex Nasdaq Crypto Index U.S. ETF.

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As a result of the reconstitution, the Hashdex Nasdaq Crypto Index U.S. ETF now includes Stellar and three additional digital assets: Solana (SOL), Cardano (ADA) and XRP, in addition to Bitcoin (BTC) and Ethereum (ETH).

What comes next?

As Stellar takes its place above Bitcoin Cash, the market will be watching intently to see if XLM can maintain its position and continue climbing the ranks.

Stellar has made significant progress over the last year and appears to be well-positioned to capitalize on the surge in demand for blockchain-based financial infrastructure.

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Stellar continues to build quietly, having powered cross-border payments in over 70 countries and processed billions of transactions. Stellar has become the backbone for on-chain real-world assets (RWAs), with $17 billion in volume and $522 million currently on-chain, placing it among the top blockchains for tokenized financial assets. Ongoing optimizations are being made to Soroban, the Stellar smart contract platform, including concurrency, aggressive caching and ahead-of-time compilation.

Bitcoin Cash has maintained its position within the top 20 cryptocurrencies so far despite recent market volatility. A surge in buying demand might propel BCH higher in crypto market rankings, with eyes on what comes next.



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CoinDesk Bot
NFT Gaming

BCH Surges After $391 Rebound Amid Geopolitical Tensions

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The cryptocurrency market is navigating choppy waters amid escalating geopolitical tensions, with Bitcoin Cash (BCH) showing resilience despite broader market pressure.

BCH recently demonstrated strong technical performance, forming a V-shaped recovery after testing critical support at $391.656, with substantial buying volume establishing a high-volume support level.

This comes as the global cryptocurrency market faces headwinds from the ongoing US-China trade disputes, which continue to introduce uncertainty across financial markets worldwide.

Meanwhile, traditional financial indicators like rising US Treasury yields signal systemic stress that historically creates mixed environments for risk assets like cryptocurrencies.

Technical Analysis Highlights

  • BCH tested critical support at $391.656, triggering substantial buying volume particularly during the 01:00-04:00 timeframe.
  • A powerful breakout occurred during the 13:00 hour, with BCH surging to $416.958 on the highest hourly volume (28,068 units).
  • Price established a new resistance-turned-support level at $409.800, with momentum indicators suggesting potential for continued upside.
  • A bull flag pattern formed after the initial impulse move, with decreasing volume during consolidation suggesting potential continuation.
  • The $413.000-$413.500 zone represents a key support level that bulls need to defend to maintain upward momentum.

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