Bitcoin Cash (BCH) has seen a massive 112% increase in value within just one week of being listed on EDX Markets, a platform backed by major financial institutions. This surge can be attributed to two main factors: BlackRock’s application for a bitcoin spot ETF and the launch of EDX Markets. The application by BlackRock has generated excitement in the cryptocurrency market, creating a bullish sentiment around bitcoin and projects like BCH. EDX Markets, specifically designed for institutional investors, has gained attention due to its support from financial giants like Fidelity, Schwab, and Citadel Securities. Although the platform is not registered with the SEC, its association with prominent players in finance has given it credibility. The listing of BCH on EDX Markets is seen as a vote of confidence in the cryptocurrency. Currently, BCH is priced at $224.76, with a market cap of $4,375,835,358 and a circulating supply of 19 million BCH. The resistance level is currently set at $220 to $230, which, if broken, could lead to further upward momentum for BCH.
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