Bitcoin Cash Surges as CME Group Announces Futures Listing
- Bitcoin Cash jumped by 28%, reaching nearly $349 in the last 24 hours.
- CME Group will list Bitcoin Cash and Uniswap futures starting from October 19.
- Bitcoin’s price is around $85,800, down less than 1% over the same period.
- ZEC rose by 9% to just above $1,646, while XRP increased by 3% to nearly $1.59.
- TRX experienced a decline of 2%.
The surge in Bitcoin Cash highlights a shift in investor interest towards altcoins, with many reallocating funds from Bitcoin to seek greater returns. This trend may indicate a temporary rotation of capital within the cryptocurrency market.
As Bitcoin Cash climbs back to levels not seen since May, its recent rise could attract further buying interest, especially if it approaches the key resistance level of $450.(Source)
