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
Crypto Exchanges See 15,952 BTC Outflows Over Past Week, Balances Drop to 2.447M
Gate News message, April 27 — According to Coinglass, cryptocurrency exchanges experienced cumulative outflows of 15,952.91 BTC over the past week, bringing total exchange balances to 2.447 million BTC.
Leading exchanges accounted for the majority of outflows: one major exchange moved 6,269.08 BTC,
GateNews51m ago
Bitcoin 8-Hour Average Funding Rate Turns Negative at -0.0024%
Gate News message, April 27 — According to Coinglass data, Bitcoin's 8-hour average funding rate across major exchanges has turned negative at -0.0024%, indicating a shift toward bearish sentiment among traders.
Funding rates vary across platforms: certain major CEXs are charging 0.0003%
GateNews1h ago
Whale pension-usdt.eth's $110M Short on BTC and ETH Down $15.25M as April Rally Continues
Gate News message, April 27 — According to on-chain analyst Yujin's monitoring, whale pension-usdt.eth opened a 3x leveraged short position on $110 million worth of BTC and ETH near the start of April, but has since incurred a floating loss of $15.25 million as prices rallied throughout the month.
GateNews1h ago
Bitcoin Miners' Holdings Hit One-Month Low at 1.8M BTC as Hash Rate Declines
Gate News message, April 26 — Bitcoin miners' holdings dropped to 1,803,263 BTC (approximately $207.9 billion) as of April 25 at 2 p.m., according to CryptoQuant data. This represents a decrease of 1,248 BTC from seven days prior and marks the lowest level in approximately one month since
GateNews1h ago
UTXO Management Launches Dual-Category Digital Credit Yield Funds
UTXO Management announced the formation of the UTXO Preferred Income Strategies LP, issuing a dual-class digital credit income fund, divided into a senior income class and a total return class. The former seeks steady cash flow, monthly distributions, and enjoys priority allocations; the latter uses leverage to pursue capital appreciation. It also issued STRC preferred securities, combining fixed-income and digital asset exposure, offered only in a private placement to qualified investors.
ChainNewsAbmedia3h ago
22-Year-Old Sentenced to 70 Months for $263M Crypto Theft Laundering
## Sentencing and Charges
California resident Evan Tangeman, 22, was sentenced on Friday to 70 months in federal prison for his role laundering proceeds from a multi-state cryptocurrency theft ring that stole around $263 million in digital assets from victims, according to the U.S. Department of Ju
CryptoFrontier5h ago
