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crypto.news 2025-03-05 17:55:00

Bitcoin Cash soars 30% to lead top coins amid market bounce

Bitcoin Cash soars 30% to lead top coins amid market bounce

Bitcoin Cash has traded higher in the past 24 hours, surging by more than 30% to lead top gainers among the largest coins by market capitalization. The price of Bitcoin Cash ( BCH ) rose to an intraday high of $391 during early trading during the U.S. session on March 5, 2025. It marked the altcoin’s highest level since early February, when its price dropped below $400. Notably, BCH price rose amid a breakout from a falling wedge pattern, in place as the altcoin continued its multi-year accumulation phase. Data from IntoTheBlock shows the number of BCH holders in profit has risen slightly to 73%, with this coming amid a surge in whale transactions. BCH outpaces top coins Market data at the time of writing showed Bitcoin Cash price hovered at $389, up nearly 30% and outpacing all the top 10 coins. These include Bitcoin, which changed hands 6.5% up, Ethereum, which was up 7.2% and XRP, 3.9%. With daily trading volume increasing by more than 83% to over $942 million and a market cap of $7.65 billion, Bitcoin Cash also led as the best-performing cryptocurrency among the top 100 by market cap in the last 24 hours. Its intraday gains put BCH above Jito, Ondo Finance and Chainlink, all of which were up between 14% and 22%. BCH also outpaced Arbitrum, which rose by 13% after U.S.-based trading app Robinhood added trading support for ARB. Read more: Bitcoin Cash price prediction: is it time for BCH to shine? A broader market bounce after sharp volatility swung BTC to below $80k, an upward flip had it near $90k. The latest news around tariffs and the U.S.’ crypto reserve helped bulls, largely after Strategy founder Michael Saylor confirmed he will attend the inaugural White House Crypto Summit and Secretary of Commerce Howard Lutnick’s comments on Wednesday. “Markets are on edge, and crypto is moving in sync with equities,” Singapore-based QCP Capital noted in a post on X. According to analysts at the digital assets platform, Friday’s White House Crypto Summit will be a key event. Next week’s “big macro catalysts” could be the non-farm payrolls report and the consumer price index release, which will be crucial for the market tone, they added . You might also like: Trump to announce Bitcoin reserve strategy at White House Crypto Summit: report Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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