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- Bitcoin Cash (BCH) has experienced a 25.18% increase in the past 24 hours following the rise in Bitcoin (BTC).
- Bitcoin’s dominance in the market has led to significant increases in altcoins, with BTC reaching $29,000 due to ETF news.
- BTC derivatives, such as Bitcoin Cash (BCH), have seen rapid increases, with BCH being the top gainer in the past 24 hours.
Bitcoin’s Rise Triggers Momentum for BTC Derivatives
Bitcoin (BTC) has gained 17.30% in the past six days, opening up opportunities for significant increases in the altcoin market. However, the most notable aspect of these increases is the prominence of BTC derivatives. Bitcoin Cash (BCH), which has not seen significant growth for a while, managed to reach $3,127 with the support of ETF news.
BTC Dominance and the Rise of BTC Derivatives
Bitcoin’s dominance level, which has surpassed 50% after a two-year hiatus, indicates its control over the cryptocurrency market. As a result, the most significant movements in altcoins are observed in BTC derivatives. Additionally, BCH, which currently has a price of $132, is experiencing high volatility.
The Volatility of Bitcoin Cash (BCH)
Bitcoin Cash (BCH) has shown a surge of 25.18% in the past 24 hours, propelled by the rise of Bitcoin (BTC). The dominance of BTC in the market has resulted in substantial increases in altcoins, particularly BTC derivatives like BCH. With a current price of $132, BCH is experiencing heightened volatility.
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