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Bitcoin Cash Rallies 30% Following CME Futures Announcement

Bitcoin Cash Rallies 30% Following CME Futures Announcement

Quick Read

  • BCH surged 30% on CME futures news, but Cardano and Chainlink each lost over a third of their value between announcement and launch.

  • Grayscale’s pending SEC filing for a Bitcoin Cash ETF would require actual BCH purchases, unlike cash-settled CME futures.

  • A drop back below $267, which would represent roughly 24% from current levels, would signal fading momentum before the October 19 futures launch.

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Bitcoin Cash (CRYPTO:BCH) surged as much as 30% to $348 from a previous close of…

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