Bitcoin Cash (BCH) is trading around $578 today after a fresh rally lifted its market cap above $11.5B, with traders increasingly eyeing the $550 area as a reference level, according to data from CoinMarketCap.
CoinMarketCap shows BCH up about 3% over the last 24 hours, with roughly $360M in volume and a circulating supply near 19.96M coins. Even with this latest push, the asset still sits almost 87% below its 2017 all time high of about $4,355, keeping the current move in the realm of measured recovery rather than exuberant breakout and leaving participants debating how durable this phase really is.
Market participants are now watching whether BCH can consolidate above its recent $576 to $605 intraday band without slipping back toward the $550 zone that traders treat as an early test of new support. With Bitcoin Cash positioned as a peer to peer electronic cash system backed by a capped 21M supply, upcoming price and volume updates will indicate whether this momentum phase has the depth to continue.
Source: CoinMarketCap.
Disclaimer: Crypto Economy Flash News are based on verified public and official sources. Their purpose is to provide fast, factual updates about relevant events in the crypto and blockchain ecosystem.
This information does not constitute financial advice or investment recommendation. Readers are encouraged to verify all details through official project channels before making any related decisions.
