Bitcoin Cash (BCH) might be back. It may not be stealing headlines, but but it has picked up speed trading at $564 with volume spiking 73% overnight.
Market cap: $11.2 billion. Status: rising from the dead.
While a small niche of BCH proponents still believe it will become the largest cryptocurrency in the world, many experts, investors, journalists and members of the crypto community either completely ignore it or openly ridicule it. So, what is Bitcoin Cash really, and is it still relevant in 2025
Bitcoin Cash is one of the few majors holding firm while the rest of the altcoin field tests new lows. Currently at $572.23, BCH has posted a clean 17.2% gain over the past month and now stares down a heavy resistance zone near $718.55.
Technically, the breakout from a falling wedge on the weekly chart adds fuel to the bullish case. On-chain data backs it up. According to IntoTheBlock’s IOMAP model, more than 334,000 addresses sit in profit just below the current price—forming a thick wall of support around $565.94. That’s not just structure; it’s ammo.
If bulls stay in control, BCH could challenge $700 soon and may even test four-digit territory before year’s end.
https://twitter.com/m2globalmoney/status/1952957254329663531?ref_src=twsrc%5Etfw” rel=”nofollow” target=”_blank
Bitcoin Cash (BCH) is an altcoin created in 2017 as a hard fork of
When Bitcoin Cash launched, all Bitcoin holders automatically became owners of an amount of BCH equal to their BTC holdings. Because of that, Bitcoin Cash was able to organically gain popularity and become one of the most influential altcoins in the ecosystem.
On a technical level, Bitcoin Cash is very similar to the real Bitcoin, with one major difference: it promises to solve the scalability issues of Bitcoin by introducing larger blocks.’
Larger blocks mean that more transactions can be processed per second, which theoretically can mean that BCH would be more efficient as a payment method than BTC. While the block size of Bitcoin is 1MB, Bitcoin Cash increased that amount to 8MB.
Block size is controversial for a simple reason: Smaller blocks mean higher decentralization. This is why this idea of BCH was unpopular and rejected by a vast majority of Bitcoin users.
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Bitcoin Cash has managed to gain considerable popularity since its launch in 2017. In fact, BCH was one of the biggest movers in 2021, moving into the top ten cryptocurrencies by market cap.
However, Bitcoin Cash still lacks the inertia that Bitcoin possesses.
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Bitcoin has become adopted by tech giants, major financial institutions, investment funds. El Salvador became the first country to accept Bitcoin as legal tender and we haven’t seen anything similar for BCH.
When someone says Bitcoin, everyone immediately think of BTC, but mybe BCH can have a part to play in the future.
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The post Bitcoin Cash: Can It Ever Replace the Real Bitcoin? appeared first on 99Bitcoins.
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