The Daily Breakdown: Crypto Corner: What is Bitcoin Cash?

On this week’s Crypto Nook, The Every day Breakdown takes a more in-depth take a look at Bitcoin Money — exploring what it’s and the way its charts look.

Earlier than we dive in, let’s be sure you’re set to obtain The Every day Breakdown every morning. To maintain getting our every day insights, all it’s good to do is log in to your eToro account.

Crypto Nook

Bitcoin has been within the headlines after it rapidly rode a multi-day profitable streak to new document highs this week — its first document excessive since mid-August. However that’s acquired some traders questioning about Bitcoin Money. 

Whereas BCH has achieved effectively currently — up about 33% to date this yr and greater than 75% over the previous 12 months — it has but to regain its all-time highs. However let’s again up…what’s BCH?

Bitcoin Money (BCH): Buying and selling close to ~$577. Market cap ~$11.5 billion

BCH is a decentralized, peer-to-peer cryptocurrency that was created in 2017 as a fork of Bitcoin. The break up got here from a disagreement throughout the Bitcoin group over easy methods to scale the community. Whereas Bitcoin stored its smaller block dimension to prioritize decentralization and safety, Bitcoin Money elevated its block dimension, permitting it to deal with extra transactions per block — with the aim of being a sooner and extra sensible fee system.

It operates by itself devoted blockchain and makes use of the identical native cryptocurrency, BCH, which is primarily designed to be used as a medium of alternate (digital money) moderately than a retailer of worth (digital gold), contrasting with BTC’s trendy use case.

It shares many technical similarities with BTC (equivalent to its 21 million provide cap and proof-of-work consensus), however focuses extra closely on transaction pace, decrease charges, and day-to-day usability. Much like Bitcoin, miners safe the community utilizing the normal Proof-of-Work (PoW) consensus mechanism.

Wish to obtain these insights straight to your inbox?

Enroll right here

The Setup — BCH

After Bitcoin money discovered assist within the $275 to $300 space, it charged up towards $500 and was in a position to clear a notable downtrend resistance space (the blue line). Now, it’s discovering assist above this measure, together with the 10-week transferring common. 

Nonetheless, Bitcoin Money is battling the $600 to $650 space — the identical space it struggled with in December. If BCH can escape over this space, it might open the door to its 2024 highs (close to $720). If it can’t escape over this space although, bulls will seemingly search for continued assist close to the $500 stage.

What Wall Avenue’s Watching

GOLD

For the primary time ever, gold touched $4,000 an oz. this week. This morning although, it’s cruising proper by this stage, serving to elevate the GLD ETF as effectively. For its half, silver is on the cusp of hitting $50 an oz., giving the SLV ETF a carry too. It’s been a robust yr for metals, with each up greater than 50% in 2025. 

ASTS

Shares of AST SpaceMobile are surging this morning, up about 12% in pre-market buying and selling. The rally comes amid stories of a partnership with Verizon to deliver a satellite-to-phone service by 2026. It additionally comes amid robust momentum for the inventory, which has rallied virtually 50% within the final 5 days. Take a look at the chart for ASTS.

Disclaimer:

Please be aware that on account of market volatility, among the costs could have already been reached and eventualities performed out.