According to Gate News Bot on December 3, citing CoinMarketCap data, as of press time, BCH (Bitcoin Cash) is trading at $587.38, up 12.27% in the past 24 hours, reaching a high of $597.05 and a low of $510.00, with a 24-hour trading volume of $674 million. The current market capitalization is about $11.725 billion, an increase of $1.281 billion from yesterday. BCH currently ranks 11th in global cryptocurrency market capitalization.
Bitcoin Cash is a peer-to-peer electronic cash system designed to provide better money for the world. BCH features no overdrafts, is borderless, non-reversible, and funds cannot be frozen. Users can choose wallets, use exchanges and block explorers, and participate in community activities. For mining pools and exchanges, a full node can be run. Developers can use development tools and run a full node.
Recent important news about BCH:
1️⃣ BCH Breaks Key Resistance Level
Bitcoin Cash saw a significant price increase during the European trading session, successfully breaking through the key resistance at $487 and then climbing to $491.80. This breakout opens up further upside potential for BCH, reflecting growing positive market sentiment.
2️⃣ BCH Leads CoinDesk 20 Index
In the November 12 CoinDesk 20 Index update, Bitcoin Cash stood out with a 4.1% increase, becoming one of the main drivers of the index’s upward movement. This performance highlights BCH’s strong momentum among mainstream cryptocurrencies and helps boost investor confidence.
3️⃣ BCH Price Rally Remains Solid
Recently, BCH has shown strong and stable price gains. This ongoing uptrend indicates increasing demand for Bitcoin Cash and may signal longer-term price growth potential.
From a technical standpoint, after breaking through the $487 resistance level, BCH’s price momentum has clearly strengthened and may test higher resistance levels in the short term. BCH’s strong performance in the CoinDesk 20 Index also reflects its strong position relative to other mainstream cryptocurrencies, which may attract more investor attention.
This message does not constitute investment advice. Please be aware of market volatility risks when investing.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Tops $75K as Ceasefire Hopes Drive Rally
Bitcoin rose on ETF demand while miners sold BTC; margins tightened and AI/HPC-focused pivots could turn miners into AI data-center players, potentially boosting valuations as AI demand grows.
Abstract: Bitcoin rose on ETF demand amid miner selling and tight margins. The report highlights a strategic pivot by public miners toward AI/HPC infrastructure, signaling a potential shift from pure bitcoin mining to AI data-center services and higher valuation multiples.
CryptoFrontier8m ago
BlackRock IBIT Adds 3,355 BTC in $256M Institutional Inflow on April 20
IBIT led Bitcoin ETF inflows with $256M (≈3,355 BTC) on Apr 20, pushing total spot-ETF inflows near $58B and assets over $100B, underscoring rising institutional demand and access via regulated ETFs.
Abstract: This report notes that BlackRock's iShares Bitcoin Trust (IBIT) attracted $256 million in net inflows on April 20, about 3,355 BTC, signaling robust institutional interest in Bitcoin spot ETFs. IBIT dominated daily flows, with Bitcoin ETF inflows totaling over $238 million for the day and cumulative spot ETF inflows approaching $58 billion; overall spot Bitcoin ETF assets exceed $100 billion, representing more than 6% of Bitcoin's market cap. The trend suggests growing institutional confidence in Bitcoin as a long-term asset, aided by regulated access and simplified custody; IBIT remains the leading issuer, though Fidelity and ARK Invest are also attracting capital.
GateNews49m ago
Scammers Pose as Iranian Authorities to Extort Stranded Shipowners in Bitcoin and Tether
Gate News message, April 21 — Unknown actors sent fraudulent messages to shipping companies with vessels stranded west of the Strait of Hormuz, claiming to be Iranian authorities and offering safe passage in exchange for fees paid in Bitcoin or Tether, according to Greek risk firm MARISKS. The messa
GateNews1h ago
MicroStrategy’s BTC holdings are nearing Satoshi Nakamoto! Can it become the world’s biggest holder in as fast as nine months?
MicroStrategy recently spent $2.5 billion to buy an additional 34,164 bitcoins. Its total holdings have surpassed 815k BTC, nearing Satoshi Nakamoto’s known amount. Analysts project that if it continues this pace of accumulation, MicroStrategy could become the world’s largest bitcoin holder within 9 to 14 months.
ChainNewsAbmedia2h ago
U.S. Crypto Adoption Rebounds to 12% in March as Bitcoin ETF Inflows Hit $1.32B
U.S. crypto adoption rose to 12% in March after hitting 7% in February, driven by positive Bitcoin ETF inflows. Despite recovery, sentiment is fragile, with many expecting lower Bitcoin prices in 2026, and adoption trends remain skewed towards men and higher-income groups.
GateNews3h ago
