The Daily Breakdown: Crypto Corner: What is Bitcoin Cash?

On this week’s Crypto Nook, The Every day Breakdown takes a more in-depth have a look at Bitcoin Money — exploring what it’s and the way its charts look.

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Crypto Nook

Bitcoin has been within the headlines after it shortly rode a multi-day successful streak to new report highs this week — its first report excessive since mid-August. However that’s received some buyers questioning about Bitcoin Money. 

Whereas BCH has carried out properly currently — up about 33% thus far this yr and greater than 75% over the previous 12 months — it has but to regain its all-time highs. However let’s again up…what’s BCH?

Bitcoin Money (BCH): Buying and selling close to ~$577. Market cap ~$11.5 billion

BCH is a decentralized, peer-to-peer cryptocurrency that was created in 2017 as a fork of Bitcoin. The break up got here from a disagreement throughout the Bitcoin group over scale the community. Whereas Bitcoin saved its smaller block measurement to prioritize decentralization and safety, Bitcoin Money elevated its block measurement, permitting it to deal with extra transactions per block — with the purpose of being a quicker and extra sensible cost system.

It operates by itself devoted blockchain and makes use of the identical native cryptocurrency, BCH, which is primarily designed to be used as a medium of alternate (digital money) somewhat than a retailer of worth (digital gold), contrasting with BTC’s trendy use case.

It shares many technical similarities with BTC (akin to its 21 million provide cap and proof-of-work consensus), however focuses extra closely on transaction velocity, decrease charges, and day-to-day usability. Just like Bitcoin, miners safe the community utilizing the normal Proof-of-Work (PoW) consensus mechanism.

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The Setup — BCH

After Bitcoin money discovered assist within the $275 to $300 space, it charged up towards $500 and was in a position to clear a notable downtrend resistance space (the blue line). Now, it’s discovering assist above this measure, together with the 10-week transferring common. 

Nonetheless, Bitcoin Money is fighting the $600 to $650 space — the identical space it struggled with in December. If BCH can escape over this space, it might open the door to its 2024 highs (close to $720). If it can not escape over this space although, bulls will possible search for continued assist close to the $500 degree.

What Wall Avenue’s Watching

GOLD

For the primary time ever, gold touched $4,000 an oz. this week. This morning although, it’s cruising proper by this degree, serving to elevate the GLD ETF as properly. For its half, silver is on the cusp of hitting $50 an oz., giving the SLV ETF a raise too. It’s been a robust yr for metals, with each up greater than 50% in 2025. 

ASTS

Shares of AST SpaceMobile are surging this morning, up about 12% in pre-market buying and selling. The rally comes amid stories of a partnership with Verizon to carry a satellite-to-phone service by 2026. It additionally comes amid robust momentum for the inventory, which has rallied virtually 50% within the final 5 days. Take a look at the chart for ASTS.

Disclaimer:

Please notice that as a result of market volatility, a number of the costs could have already been reached and situations performed out.