Why did the price of BCH go up?

Bitcoin Cash (BCH) increased by 1.44% in the last 24 hours, reaching $589.31, outperforming the overall cryptocurrency market, which dropped by 0.81%. The main reasons behind this rise are:

1. Legal clarity for Roger Ver – A tentative $48 million tax settlement with the U.S. Department of Justice (DOJ) reduces uncertainty.
2. ETF speculation – BCH was included in recent filings with the U.S. Securities and Exchange Commission (SEC) for spot cryptocurrency exchange-traded funds (ETFs).
3. Technical momentum – Positive signals from technical indicators like the MACD and key Fibonacci retracement levels.

Deep Dive

1. Roger Ver Settlement (Positive for BCH)

Overview: Roger Ver, co-founder of Bitcoin Cash, reached a tentative $48 million settlement with the U.S. DOJ on October 9 to resolve tax fraud charges. This agreement still needs court approval but avoids criminal prosecution.

What this means:

• Removes a significant legal concern linked to BCH’s most prominent supporter.
• Suggests lower legal risks under the current administration, which has shown a crypto-friendly stance (e.g., pardons for Ross Ulbricht and BitMEX founders).
• Betting markets like Polymarket have increased the odds of a presidential pardon for Ver by 6% following the news.

What to watch: The final court decision is expected on December 15, 2025.

2. ETF Tailwinds (Mixed Impact)

Overview: Bitcoin Cash was included in 21 ETF proposals filed with the SEC on October 3 by REX Shares and Osprey Funds, alongside other cryptocurrencies like Solana (SOL) and XRP.

What this means:

• Shows growing interest from institutional investors viewing BCH as an alternative to Bitcoin.
• Could improve market liquidity if these ETFs are approved, but approval may be delayed due to a possible government shutdown.
• BCH’s current turnover ratio of 2.99% indicates relatively low trading volume, making it more vulnerable to price swings driven by speculation.

3. Technical Rebound (Neutral to Positive)

Overview: BCH has moved back above its 30-day simple moving average (SMA) of $583.65 and shows a bullish signal in the MACD indicator (1.93 vs. 0.89 signal line).

What this means:

• Short-term traders may see holding above the $580 level as a positive sign.
• The next resistance level is around $607 (based on the 38.2% Fibonacci retracement), with support near $559 (78.6% Fibonacci level).
• The Relative Strength Index (RSI) at 49.7 suggests there is room for upward momentum before BCH becomes overbought.

Conclusion

Bitcoin Cash’s recent gains are driven by reduced legal risks for Roger Ver, speculation around ETF approvals, and supportive technical indicators. However, low trading volume (down 20% over the past week) could lead to increased price volatility if these positive factors lose momentum.

Key point to watch: Can BCH maintain its position above the $580 level through the U.S. Consumer Price Index (CPI) report on October 11?

What could affect the price of BCH?

Bitcoin Cash is navigating technical improvements alongside changing government regulations.

1. Network Upgrades – Smart contract improvements coming in May 2025 could boost decentralized finance (DeFi) opportunities (positive sign)
2. ETF Outlook – The SEC is reviewing 21 crypto ETFs, including Bitcoin Cash, but government delays are slowing approvals (uncertain impact)
3. Whale Activity – Large investors have added over $39 million worth of BCH since July, showing growing institutional interest (positive sign)

In-Depth Look

1. Protocol Upgrades & Adoption (Positive Impact)

What’s happening:
In May 2025, Bitcoin Cash underwent a major update called the Velma hard fork. This added new features like VM Limits and BigInt, which improve BCH’s ability to run smart contracts—similar to Ethereum’s capabilities. After the upgrade, daily transactions increased by 18%. Developers are also planning to shorten the time between blocks from 10 minutes to 2 minutes, which could speed up transactions. This proposal will be discussed at the Electronic Cash Conference in October.

Why it matters:
Better smart contract functionality can attract developers building DeFi applications. Historically, major upgrades like this have led to price increases of 30-60% (Levex). However, BCH will need to keep up with competitors like Solana to maintain this momentum.

2. Regulatory Changes & ETF Uncertainty (Mixed Impact)

What’s happening:
The U.S. Securities and Exchange Commission (SEC) is reviewing 21 cryptocurrency exchange-traded funds (ETFs), including one for Bitcoin Cash. However, a recent U.S. government shutdown has delayed these decisions. Meanwhile, former President Trump’s pro-crypto actions—such as pardoning Ross Ulbricht and easing penalties on Binance and BitMEX—contrast with ongoing legal issues for Roger Ver, who faces a $48 million tax case.

Why it matters:
If the SEC approves BCH ETFs, it could trigger a price rally similar to Bitcoin’s 160% increase in 2024 after ETF approval. But delays could cause investors to sell. Roger Ver’s court hearing on December 15 adds uncertainty—if the case is dismissed, BCH might rise; if penalties are imposed, it could scare off retail investors (Blockworks).

3. Whale Accumulation & Market Signals (Positive Near-Term)

What’s happening:
Large investors, often called whales, bought 66,040 BCH (worth over $39 million) on August 31—the biggest single-day purchase since July. The total open interest in BCH derivatives increased by 27% to $978 million. The price recently broke through a resistance level at $572 and is aiming for $664 based on technical analysis (Fibonacci extension).

Why it matters:
Heavy buying by whales often leads to short-term price increases, like the 75% surge seen in July. However, the Relative Strength Index (RSI) is at 75, which suggests BCH might be overbought and due for a pullback. Maintaining support at $558 (the 50-day moving average) is crucial to keep the upward momentum (TradingView).

Conclusion

Bitcoin Cash’s price outlook depends on balancing new DeFi features with regulatory uncertainties. Whale buying and technical breakouts point to potential gains up to $664, but delays in ETF approvals or negative news from Roger Ver’s case could cause price drops. Will the October developer conference spark the next rally, or will low trading volume increase risks? Keep an eye on BCH’s $558 support level and updates from the SEC on ETF decisions.

What are people saying about BCH?

Talk around Bitcoin Cash (BCH) is heating up with bets on a price breakout and big investors making moves. Here’s what’s trending right now:

1. $600 price target in sight as experts watch for a breakout above $572
2. Could BCH outperform Bitcoin? Traders spot bullish signs in BCH/BTC trading
3. Whale activity alert – large trades sending mixed signals

In-Depth Look

1. @ColinTCrypto: BCH/BTC breakout looks bullish

"The BCH/BTC bottom is set... BCH is likely to outperform Bitcoin in the near future"
– @ColinTCrypto (18.2K followers · 1.2M impressions · 2025-06-28 00:11 UTC)
See original tweet
What this means: This is a positive sign for BCH. It suggests investors might be moving money from Bitcoin into BCH, which could push BCH’s price higher compared to Bitcoin.

2. CoinMarketCap Community: $572 resistance level bullish

"A hidden RSI divergence points to a potential move to $607-$664 if BCH breaks $572"
– CoinMarketCap analyst (2025-08-07 15:12 UTC)
See original post
What this means: Technical analysis shows there could be significant upside if BCH breaks above $572. But if the price falls below $520, this positive outlook would no longer hold.

3. @johnmorganFL: Trendline resistance at $555 bearish

"Can BCH finally break free from this trendline resistance?"
– @johnmorganFL (2025-07-26 09:23 UTC)
See original tweet
What this means: This is a warning sign. BCH has struggled to get past this price level before, and past failures here led to big price drops of over 50% in 2024 and 2025.

4. CCN: Correction warning bearish

"Elliott Wave analysis points to a $440-$445 target if BCH loses support"
– CCN Markets (2025-09-10 09:17 UTC)
See original article
What this means: There’s a risk BCH could drop significantly if it breaks key support around $519. Technical indicators are signaling caution.

5. CoinGlass: Whale leverage spikes mixed signals

"$2.33 million BCH long position at $527 with 10x leverage"
– CoinGlass tracker (2025-07-18 07:15 UTC)
See original post
What this means: Big investors are making aggressive bets, which could increase price swings. While this might push prices up, it also raises the risk of sharp drops if those positions are liquidated.

Conclusion

The outlook for Bitcoin Cash is mixed. There’s clear potential for a breakout above $572-$600, but historical resistance and broader market risks are holding some traders back. The market’s implied volatility of 62% over the next 30 days (according to Deribit) shows that big price moves are expected in either direction. Keep an eye on whether BCH can close above $572 on the weekly chart — a strong close there could confirm a bullish trend.

What is the latest news about BCH?

Bitcoin Cash is navigating through some big news involving its co-founder’s legal issues and growing interest in crypto ETFs, all while testing important price points. Here’s what you need to know:

1. Roger Ver’s $48M DOJ Settlement (October 9, 2025) – The Bitcoin Cash co-founder reached a deal to settle tax fraud charges, signaling changes in how regulators are handling crypto cases.
2. Spike in ETF Applications (October 3, 2025) – Bitcoin Cash is part of 21 new crypto ETF proposals, even as the SEC faces delays due to a government shutdown.
3. Bitcoin Cash Price Breakout (October 3, 2025) – BCH’s price jumped 14%, aiming for $1,000 if it can hold above $580 support.

In-Depth Look

1. Roger Ver’s $48M DOJ Settlement (October 9, 2025)

What happened:
Roger Ver, a key supporter of Bitcoin Cash and CEO of Bitcoin.com, agreed to pay $48 million to settle tax evasion charges related to unreported Bitcoin holdings. This deal is still waiting for court approval. If approved, criminal charges against him will be dropped as long as he meets the payment terms. This comes after President Trump pardoned other crypto figures and eased regulatory pressure on the industry.

Why it matters:
This settlement removes a major legal cloud hanging over Bitcoin Cash’s community but also shows that crypto founders still face regulatory risks. After the news, the chance of a Trump pardon for Ver increased by 6%, showing optimism about political support for crypto. (Blockworks)

2. Surge in ETF Applications (October 3, 2025)

What happened:
Two firms, REX Shares and Osprey Funds, filed proposals for 21 new crypto ETFs, including one for Bitcoin Cash. These filings also include ETFs for big companies like Tesla and Amazon. The SEC is currently delayed by a U.S. government shutdown but has been speeding up approvals under leadership appointed by Trump.

Why it matters:
If approved, these ETFs could make Bitcoin Cash more accessible to big investors and increase trading volume. However, the government shutdown might delay decisions. Bitcoin Cash is now grouped with other popular altcoins like Litecoin and Solana in the SEC’s growing list of crypto ETF candidates. (The Block)

3. Bitcoin Cash Price Breakout (October 3, 2025)

What happened:
Bitcoin Cash’s price jumped 14% to $609, breaking out of a technical pattern called a rising wedge. Analysts noticed positive signals like bullish MACD crossovers, suggesting the price could reach $1,000 if it stays above $580. If it falls below that, it might drop to $450.

Why it matters:
This price move shows investors are shifting money into mid-sized cryptocurrencies as the Federal Reserve hints at cutting interest rates. While futures trading interest increased by 4.5%, actual trading volume on exchanges dropped, indicating cautious optimism. (

) (Coinspeaker)

Conclusion

Bitcoin Cash is at a crossroads, balancing legal clarity for its founder with growing ETF interest and positive price momentum. Roger Ver’s settlement and the surge in ETF filings suggest a friendlier political environment for crypto. However, BCH’s future price depends on maintaining key support levels. The big question remains: will institutional investments through ETFs overcome doubts about Bitcoin Cash’s usefulness beyond just payments?

What is expected in the development of BCH?

Bitcoin Cash is moving forward with some important updates:

1. Faster Block Times (Proposed) – A plan to shorten the time it takes to process a block from 10 minutes down to 2 minutes.
2. Smart Contract Improvements (2026) – Enhancements to support more powerful and flexible smart contracts.
3. ETF Interest Growing – Companies like Grayscale are working on Bitcoin Cash ETFs, which could bring more investors.

In-Depth Look

1. Faster Block Times (Proposed)

What’s Happening:
There’s a proposal to speed up Bitcoin Cash by reducing the block time from 10 minutes to just 2 minutes. Blocks are batches of transactions added to the blockchain, so faster blocks mean quicker transaction processing. This idea builds on the May 2025 Velma upgrade, which improved Bitcoin Cash’s smart contract capabilities (Levex).

Why It Matters:
Faster block times could make Bitcoin Cash more practical for everyday payments, helping it compete with other fast blockchains like Solana and Ethereum. But this change needs to be carefully managed to keep the network stable and ensure miners agree on the update.

2. Smart Contract Improvements (2026)

What’s Happening:
Developers plan to add new features like OP_EVAL and Pay-to-Script (P2S) logic. These upgrades will allow Bitcoin Cash to support more complex decentralized applications (dApps) and decentralized finance (DeFi) services.

Why It Matters:
This could attract developers looking for a blockchain with low fees and more flexibility. However, success depends on how well the Bitcoin Cash community grows and how it competes with popular platforms like Ethereum.

3. Growing Interest in ETFs

What’s Happening:
Grayscale filed for a Bitcoin Cash ETF in September 2025 (BTCHabercom), joining other altcoins seeking approval from regulators. While the U.S. Securities and Exchange Commission (SEC) has not yet approved these ETFs, the trend shows growing institutional interest.

Why It Matters:
If approved, ETFs could bring more large-scale investors and increase liquidity for Bitcoin Cash. However, there’s always a chance of delays or rejections, as seen with some other crypto ETFs.

Conclusion

Bitcoin Cash is working on technical upgrades like faster block times and smarter contracts, alongside efforts to grow its ecosystem through ETFs and DeFi. The recent Velma upgrade laid a strong foundation, but the success of these plans depends on smooth implementation and wider adoption. Will faster blocks help Bitcoin Cash stand out among its competitors? Time will tell.

What updates are there in the BCH code base?

Bitcoin Cash’s software received major updates in 2025 aimed at improving scalability, smart contract functionality, and overall network performance.

1. VM Limits & BigInt Upgrade (May 2025) – Expanded scripting power to support decentralized finance (DeFi) and precise financial transactions.
2. Block Propagation Optimizations (v28.0.1) – Made block processing faster and reduced delays.
3. NAT-PMP Support (v28.0.0) – Enhanced peer-to-peer connections for easier node setup.

Deep Dive

1. VM Limits & BigInt Upgrade (May 2025)

Overview: Two consensus upgrades (CHIP-2021-05 and CHIP-2024-07) were activated to boost Bitcoin Cash’s scripting abilities. This allows for more advanced smart contracts and financial tools.

Technical Details:

• VM Limits: The maximum size for data elements in scripts increased from 520 bytes to 10,000 bytes, and limits on operations were removed. This lets developers create more complex contracts, like decentralized exchanges.
• BigInt: Added support for very large numbers (up to 80,000 bits), which is important for precise calculations needed in cross-chain bridges and tokenized assets.

What this means: This upgrade is positive for Bitcoin Cash because it opens the door for DeFi applications while keeping transaction fees low—under one cent. Developers can now build apps similar to those on Ethereum but with Bitcoin Cash’s faster speeds.
(Source)

2. Block Propagation Optimizations (v28.0.1)

Overview: This update improves how quickly nodes process and share new blocks, benefiting miners and users managing large blocks.

Technical Details:

• Nodes now download blocks in parallel from three peers, reducing wait times.
• Startup checks were streamlined, cutting node startup time by about 20% on traditional hard drives.

What this means: While this update doesn’t directly affect Bitcoin Cash’s price, it’s important for network stability. Miners face fewer orphaned blocks (blocks that don’t get added to the chain), and nodes sync faster.
(Source)

3. NAT-PMP Support (v28.0.0)

Overview: Added support for the NAT-PMP protocol, which helps nodes behind routers automatically configure their network settings.

Technical Details:

• Works alongside UPnP to simplify port forwarding, making it easier for nodes to connect with peers.
• Especially helpful for home users and small miners who don’t have fixed IP addresses.

What this means: This is good for decentralization because more people can run Bitcoin Cash nodes without needing advanced networking knowledge.
(Source)

Conclusion

Bitcoin Cash’s 2025 upgrades make it a stronger platform for future financial applications by balancing new features with efficient operation. With VM Limits and BigInt enabling DeFi and network improvements boosting reliability, the big question is: how quickly will developers use these tools to create standout apps?