Bitcoin Money Surges Practically 80% in Response to EDX Markets Launch

• Bitcoin Money (BCH) gained almost 80% within the final 4 days.
• The value of BCH rose from $109.73 on June 20 and rallied considerably to $199.00.
• In line with Santiment, Bitcoin Money is the very best beneficiary of the EDX Markets launch.

Knowledge from CoinmarketCap exhibits that Bitcoin Money (BCH) gained almost 80% within the final 4 days to turn into one of many highest gainers among the many top-twenty cryptocurrencies. The value of Bitcoin Money (BCH) rose from $109.73 on June 20 and rallied considerably to $199.00. Santiment, the market intelligence platform, has linked this extraordinary BCH worth rally to the impression of the newly launched digital asset buying and selling platform, EDX Markets.

In line with Santiment, Bitcoin Money is the very best beneficiary of the EDX Markets launch. It additionally exhibits that the social dialogue fee of Bitcoin Money has reached its highest degree in three years, and the quantity has simply eclipsed 2023 highs.

On Tuesday, June 20, 2023, EDX Markets, a digital belongings market, accomplished a funding spherical with new fairness companions. On the identical day, it launched its digital belongings market, which it powers by way of intermediaries. The impression of the launch reverberated throughout the cryptocurrency market, with a lot of the prime cash rallying to vital ranges.

The launch got here as a aid to a market tormented by regulatory points prior to now few weeks. It reignited buyers’ confidence within the digital belongings market and injected vital bullish momentum that turned across the market sentiment. Over a short while, the digital belongings market seems to have moved from a FUD (Concern, Uncertainty, and Doubt) to FOMO (Concern Of Lacking Out).

As of the time of writing, Bitcoin Money claimed the highest place among the many weekly gainers on CoinmarketCap. The current rally pushed the BCH weekly achieve to 76.43%. The second-highest gainer was PEPE (PEPE) after rallying by 63.39% over the identical interval. Bitcoin SV (BSV) gained 50.27%, whereas Stacks (STX) made a cumulative revenue of 32.92% within the final seven days.