Why did the price of BCH go up?

Bitcoin Cash (BCH) increased by 1.41% to $591.40 over the last 24 hours, outperforming its 7-day gain of 8.01% and 30-day gain of 1.31%. The main factors driving this rise include:

1. Technical Breakout Signals – Positive chart patterns and large investors accumulating BCH
2. ETF Speculation – Renewed optimism about Grayscale’s plan to launch a BCH ETF
3. Overall Market Uptrend – The total cryptocurrency market cap grew by 3.19%, with investors shifting focus to altcoins

Deep Dive

1. Technical Momentum (Positive Impact)

Overview: Bitcoin Cash recently moved above its 7-day simple moving average (SMA) of $557 and surpassed an important technical level at $592.74, known as the 50% Fibonacci retracement. The Relative Strength Index (RSI), a tool that measures momentum, showed signs of strength. Traders spotted a bullish pattern forming in an upward channel, suggesting BCH could reach between $607 and $664 if it breaks past the $572 resistance level (CoinMarketCap community).

What this means: Traders who rely on technical analysis see this as a sign that BCH is entering a mid-term upward trend, especially after reclaiming the $580–$590 price range. Data from derivatives markets shows an increase in open interest by 5.54% in 24 hours, indicating more leveraged bets expecting BCH to rise further.

What to watch: If BCH closes above $592.74, it may trigger automated buy orders, potentially pushing the price higher.

2. Grayscale ETF Progress (Mixed Impact)

Overview: On September 10, Grayscale filed paperwork to convert its Bitcoin Cash Trust into a spot ETF, with the NYSE Arca exchange proposing rule changes to speed up approval (Cryptotimes).

What this means: Although this isn’t a brand-new development, the filing has gained fresh attention as part of a larger trend of altcoin ETFs. BCH’s recent addition to Coinbase’s futures listings—a necessary step for SEC approval—adds credibility to the effort.

What to watch: The U.S. Securities and Exchange Commission (SEC) is expected to provide feedback on NYSE Arca’s proposal by late October.

3. Macro Altcoin Rotation (Positive Impact)

Overview: The Altcoin Season Index, which measures how altcoins are performing relative to Bitcoin, rose to 67 (an 8% increase in 24 hours). BCH benefited from this shift as investors moved capital into mid-sized cryptocurrencies. The total crypto market cap increased by 3.19% to $4.15 trillion, led by Ethereum and other altcoins.

What this means: BCH’s price movement is less tied to Bitcoin’s performance (Bitcoin dominance dropped to 57.97%), making it an attractive option during periods when investors take on more risk. The Fear & Greed Index, which gauges market sentiment, improved to “Neutral” at 51, up from 42 the day before, indicating less selling pressure overall.

Conclusion

Bitcoin Cash’s recent gains are driven by a combination of strong technical signals, hopeful ETF developments, and favorable market trends. Although the SBI Crypto hack on October 1 caused some concern, its impact was limited since the stolen BCH accounted for less than 0.1% of the total supply.

Key watch: Will BCH maintain its position above the 50% Fibonacci level at $592.74 to confirm this breakout, or will profit-taking cause a pullback? Keep an eye on hourly price closes and updates from Grayscale and regulators.

What could affect the price of BCH?

Bitcoin Cash faces both positive and negative factors influencing its outlook.

1. ETF Approval Potential – Grayscale’s application to launch a Bitcoin Cash ETF by September 2025 could increase interest from institutional investors.
2. Security Breach Impact – A $21 million hack at SBI Crypto in October 2025 raises short-term concerns about trust and security.
3. Technical Upgrades – The May 2025 Velma hard fork improves Bitcoin Cash’s decentralized finance (DeFi) features but adoption remains slow.

Deep Dive

1. Grayscale’s ETF Application (Positive Outlook)

Grayscale filed with the SEC on September 9, 2025, to convert its Bitcoin Cash Trust into an exchange-traded fund (ETF) that would trade on the NYSE Arca. This comes as the SEC considers new rules that could make ETF approvals smoother. If approved, this would be the first Bitcoin Cash ETF in the U.S., potentially attracting large amounts of institutional money similar to what Bitcoin ETFs have seen, which is over $150 billion in inflows.

What this means: Approval could bring more traditional investors into Bitcoin Cash, increasing liquidity and potentially driving the price up. Past Bitcoin ETF approvals in 2024 led to price increases of 20–30%, so a similar effect might happen here.

2. SBI Crypto Hack (Negative Outlook)

In October 2025, SBI Crypto suffered a $21 million hack linked to North Korean actors, involving stolen Bitcoin Cash, Ethereum, and Bitcoin. SBI controls about 21% of Bitcoin Cash’s mining power, so this breach highlights risks in the network’s security.

What this means: There may be short-term selling pressure as stolen coins are moved through exchanges. After similar hacks in 2024, Bitcoin Cash’s price dropped 3–5%. Watching blockchain activity, such as deposits into privacy tools like Tornado Cash, will be important to understand how stolen funds are handled.

3. Network Upgrades and Adoption (Mixed Outlook)

The Velma hard fork in May 2025 enhanced Bitcoin Cash’s smart contract capabilities, allowing for more advanced DeFi applications and cross-chain interactions. However, user activity remains low compared to competitors like Solana, with daily active addresses near a six-year low.

What this means: While these upgrades improve Bitcoin Cash’s long-term potential, the current low usage limits immediate price gains. The success of these improvements depends on attracting developers and launching popular decentralized apps (dApps).

Conclusion

Bitcoin Cash’s short-term price will likely be influenced by the balance between optimism around the ETF approval and concerns following the SBI hack. Long-term success depends on how well the network’s new features are adopted. Keep an eye on SEC filings and mining power stability for signs of future direction.

What are people saying about BCH?

Talk around Bitcoin Cash (BCH) is split between hopes for a price breakout and caution about possible pullbacks. Here’s what’s trending right now:

1. Technical traders are targeting $600+ after BCH broke out of an upward price channel
2. Grayscale’s ETF application is raising hopes for institutional investment
3. Social media hype is causing concerns about profit-taking as BCH drops 6.7%

Deep Dive

1. @johnmorganFL: Resistance at $572 tests bulls’ patience — bullish

“Bitcoin Cash hits $555 – Can BCH finally escape THIS trendline trap?”
– @johnmorganFL (89k followers · 2.1M impressions · 2025-07-26 09:23 UTC)
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What this means: This is positive for BCH because if the price can stay above this long-term trendline, it could gain momentum toward $607, which is a key technical target.

2. @BTCHabercom: Grayscale ETF bid fuels speculation — bullish

“Grayscale files for Bitcoin Cash ETF alongside HBAR and LTC”
– @BTCHabercom (62k followers · 950k impressions · 2025-09-10 07:37 UTC)
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What this means: This is encouraging for BCH because if the ETF is approved, it could bring in large institutional investors. However, regulatory approval is still uncertain.

3. NewsBTC: Social sentiment warns of overextension — bearish

“BCH plunges 6.7% as Santiment data shows extreme bullish chatter”
– NewsBTC (1.2M monthly readers · 2025-09-20 01:00 UTC)
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What this means: This is a short-term warning sign. When social media buzz gets very positive, it often signals that a price correction could follow. For example, in November 2024, extreme “Greed” sentiment preceded a 53% price drop.

Conclusion

The outlook for Bitcoin Cash is mixed. Traders are optimistic about breaking through the $572–$600 resistance zone, but there’s also caution about retail investors getting caught up in FOMO (fear of missing out). The Grayscale ETF application adds a longer-term positive angle. Keep an eye on the $520 support level — if BCH falls below this, it could break the current upward trend, according to CoinMarketCap analysts.

What is the latest news about BCH?

Bitcoin Cash is dealing with security challenges and growing interest from big investors, all while the market shows mixed signals. Here’s a quick update:

1. SBI Crypto Hack Linked to North Korea (September 24, 2025) – $21 million worth of BCH stolen, raising security concerns.
2. Grayscale Files for BCH ETF (September 9, 2025) – Could boost institutional adoption.
3. Tether Stops Supporting BCH SLP (September 1, 2025) – Changes in liquidity as USDT leaves some networks.

In-Depth Look

1. SBI Crypto Hack Linked to North Korea (September 24, 2025)

What happened:
SBI Crypto, part of Japan’s SBI Group, was hacked, losing $21 million in Bitcoin Cash and other cryptocurrencies. A blockchain investigator named ZachXBT traced the stolen funds to a service called Tornado Cash, which is used to hide transaction origins. The pattern of money laundering matches activities linked to North Korea’s Lazarus Group. SBI Crypto controls about 21% of the Bitcoin Cash network’s processing power, which raises concerns about the network’s security.

Why it matters:
This is bad news for Bitcoin Cash because it shows that even regulated companies can be vulnerable to hacks. SBI Group hasn’t officially responded yet, which adds to the uncertainty. Despite this, the price of BCH stayed steady after the hack.

2. Grayscale Files for BCH ETF (September 9, 2025)

What happened:
Grayscale, a major investment firm, filed paperwork to turn its Bitcoin Cash Trust into an Exchange-Traded Fund (ETF) with the ticker BCHG. This ETF would be listed on the NYSE Arca stock exchange. Each large basket of shares would represent about 83 BCH, and the fund’s value would be tracked using CoinDesk’s BCH Index. This move follows new guidelines from the U.S. Securities and Exchange Commission (SEC) that could make it easier to approve ETFs.

Why it matters:
This is positive news for Bitcoin Cash because it shows growing acceptance by big investors and makes BCH easier to invest in through traditional markets. If approved, the ETF could bring more money into BCH, although regulatory delays are still possible.

3. Tether Stops Supporting BCH SLP (September 1, 2025)

What happened:
Tether, the company behind the popular stablecoin USDT, stopped allowing USDT transactions on Bitcoin Cash’s Simple Ledger Protocol (SLP) and four other blockchain networks due to low usage. Any remaining USDT tokens on these networks will be frozen, and users need to move their tokens to other supported blockchains.

Why it matters:
This change has a neutral impact on Bitcoin Cash since SLP is a smaller part of its ecosystem. However, it highlights the importance for BCH to expand its uses beyond just payments.

Conclusion

Bitcoin Cash is facing two main challenges: increased security concerns after the SBI hack and growing interest from institutional investors through potential ETFs. While Tether’s exit from BCH’s SLP network affects only a small part of its usage, BCH’s future depends on balancing wider adoption with stronger security measures. Will regulatory progress on ETFs outweigh ongoing cyber risks in 2026?

What is expected in the development of BCH?

Bitcoin Cash is moving forward with key upgrades:

1. VM Limits & BigInt Integration (May 2025) – Boosts smart contract power and supports decentralized finance (DeFi) apps.
2. OP_EVAL & Pay-to-Script Upgrades (2026) – Adds advanced scripting for more complex financial tools.
3. Block Time Reduction Proposal (TBD) – Aims to speed up transactions by shortening block times.

Deep Dive

1. VM Limits & BigInt Integration (May 2025)

Overview:
On May 15, 2025, Bitcoin Cash upgraded its network to increase the resources available for smart contracts by 100 times and introduced BigInt, which allows for very precise calculations. This opens the door for new applications like decentralized stablecoins, cross-chain bridges, and privacy-focused tools (Levex).

What this means:
This upgrade makes Bitcoin Cash more competitive with platforms like Ethereum and Solana in the DeFi space, while keeping transaction fees very low—often less than a penny. However, the real impact depends on how many developers build on it and how widely these new features are used.

2. OP_EVAL & Pay-to-Script Upgrades (2026)

Overview:
Planned upgrades such as OP_EVAL and Pay-to-Script (P2S) will allow more complex programming features like loops and recursive contracts. This means Bitcoin Cash could support more sophisticated financial applications than it currently does.

What this means:
This is a cautiously optimistic development. These features could attract developers who want the security of Bitcoin Cash combined with more advanced programming options. But delays or technical challenges could slow progress, especially compared to faster-moving competitors.

3. Block Time Reduction Proposal (TBD)

Overview:
There’s a community proposal to reduce the time between blocks from 10 minutes to 2 minutes. This would make transaction confirmations faster, similar to speeds on networks like Solana and Ethereum. However, this change requires agreement from the network’s node operators.

What this means:
If approved, faster blocks would make Bitcoin Cash more practical for everyday payments. But shorter block times can also lead to more “orphaned blocks” (blocks that don’t get added to the main chain), so the network would need to carefully manage the risks.

Conclusion

Bitcoin Cash is focusing on improving scalability and smart contract capabilities to strengthen its role in payments and DeFi. While recent upgrades build a stronger technical base, the key challenge is turning these improvements into real-world use. The question remains: can Bitcoin Cash’s low fees and enhanced scripting outpace innovations from Ethereum Layer 2 solutions and Bitcoin’s own upgrades?

What updates are there in the BCH code base?

Bitcoin Cash’s software got major updates in 2025, focusing on smart contracts, scalability, and security.

1. VM Limits & BigInt Activation (May 15, 2025) – Expanded smart contract features and added support for very large numbers.
2. Dropped 32-Bit Support (May 2025) – Improved performance by focusing on modern 64-bit systems.
3. NAT-PMP Port Mapping (2025) – Made it easier for nodes behind routers to connect to the network.

Deep Dive

1. VM Limits & BigInt Activation (May 15, 2025)

Overview:
This update removed limits that slowed down smart contracts and added support for very large numbers (up to 10,000 bytes). This allows Bitcoin Cash to handle more complex financial applications, like decentralized stablecoins and bridges between blockchains.

Technical Details:

• VM Limits (CHIP-2021-05): Increased the allowed operations in smart contracts by 100 times, enabling bigger and more complex contract logic.
• BigInt (CHIP-2024-07): Added support for high-precision math (up to 80,000-bit numbers), which is important for cryptography and advanced calculations.
• Transaction fees stayed very low, keeping Bitcoin Cash’s advantage of affordable transactions.

What this means:
This is positive news for Bitcoin Cash because it helps the network compete with platforms like Ethereum and Solana in decentralized finance (DeFi). Developers can now create more advanced decentralized apps (dApps), which could lead to more users and growth.
(Source)

2. Dropped 32-Bit Support (May 2025)

Overview:
Bitcoin Cash Node stopped supporting 32-bit computer systems to improve speed and efficiency on modern 64-bit machines.

Technical Details:

• Removed old code for 32-bit systems such as armhf and linux-i686.
• Focused on optimizing for 64-bit systems, which are better suited for handling large data blocks (over 2GB).

What this means:
This change is neutral for most users. It makes the software faster and more efficient but means that people running very old hardware will need to upgrade. This step shows Bitcoin Cash’s commitment to scaling up its network.
(Source)

3. NAT-PMP Port Mapping (2025)

Overview:
Bitcoin Cash added support for NAT-PMP, a protocol that helps nodes connect more easily when they are behind routers or firewalls.

Technical Details:

• Works alongside the existing UPnP protocol to manage port forwarding automatically.
• Can be enabled with the -natpmp command-line option.

What this means:
This is good news for Bitcoin Cash because it makes it easier for people running nodes at home to connect to the network. This helps keep the network decentralized and more secure.
(Source)

Conclusion

The 2025 upgrades to Bitcoin Cash show a clear focus on supporting advanced smart contracts and decentralized finance, while removing outdated features. By improving developer tools and network reliability, Bitcoin Cash is positioning itself for future growth.

What to watch: Will these technical improvements lead to more real-world use of Bitcoin Cash in decentralized finance?