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 spikes to $72k but then shows a “fake bull”? With the ceasefire agreement layered on top and options expiring, undercurrents are roiling in the market
After the U.S. and Iran reached a ceasefire agreement, Bitcoin quickly rebounded to $72,000, indicating how sensitive the market is to macro events. However, derivatives market data shows that this rally was mainly driven by easing hedging sentiment rather than new inflows, and that implied volatility in the options market has fallen, suggesting that near-term risks are being released. The next few days will be critical: a large amount of Bitcoin and Ethereum options are expected to expire, which could influence the direction of the market.
GateNews11m ago
Hyperliquid platform’s combined oil trading volume today exceeds all BTC and other perpetual contracts
Gate News updates—On April 8, according to monitoring by @mlmabc, on the Hyperliquid platform, assets in the combined oil (Combined oil) category have today’s trading volume exceed that of all other perpetual contract products on the platform, including BTC.
GateNews24m ago
Cardano bets $80 million to unlock Bitcoin liquidity: Can the $3 billion DeFi target for 2030 be met?
Cardano launches the Orion Fund in 2026, releasing 50 million ADA and shifting to an investment-driven expansion strategy. The fund size is $80 million, with the goal of activating Bitcoin liquidity, and the overall ecosystem expansion relies on the DeFi sector. At the same time, Cardano’s on-chain TVL target is $3 billion; stablecoin liquidity and real demand are key challenges.
GateNews33m ago
A whale opened a 40x-leverage BTC short position, with a position size of $14.3 million.
Gate News message. On April 8, according to monitoring by Hyperinsight, a whale starting with 0xec4, after taking profit on long positions, opened a BTC short position within the past 1 hour using 40x leverage. The average price was $71,638, with a size of 200 BTC, approximately $14.3 million. The liquidation price was $76,013.
GateNews44m ago
MetaPlanet CEO: The number of the company’s Japanese shareholders has surpassed 250k.
Gate News: On April 8, Bitcoin Treasury Company MetaPlanet CEO Simon Gerovich announced that the number of the company’s Japanese shareholders has surpassed 250,000, making it one of the stocks with the highest holdings in Japan.
GateNews45m ago
Bitcoin active addresses fall to a 8-year low as speculative activity declines
Gate News message, April 8, according to CryptoQuant data, the number of Bitcoin active addresses has fallen to the lowest level in 8 years. The data indicates that current market speculation activity has clearly decreased and may be in a potential long-term accumulation phase.
GateNews46m ago
