Bitcoin Cash Price: BCH Surprise Near $500 as Volumes Grow 500%
Bitcoin Cash Suddenly Rises to Near $500, Volumes Increase 500%
Risk assets have shown a mixed reaction, but Bitcoin Cash appears to be benefiting from the reallocation of capital into large mid-cap names.
Shaurya Malwa, CD Analytics Updated June 20, 2025 12:58 PM Published June 20, 2025 6:11 AM
What you should know:
- Bitcoin Cash hits two-month high, nearing $500 amid institutional interest amid market uncertainty.
- Escalating trade tensions between the US and China have fueled interest in non-sovereign assets like Bitcoin Cash.
- Despite its volatility, Bitcoin Cash is showing signs of institutional interest due to its ease of scaling and fast settlement times.
Bitcoin Cash rose to a two-month high above $499 as bulls took the initiative in an aggressive rally supported by institutional demand and general market uncertainty. The move brought BCH closer to the psychologically important $500 level, a level last reached during an attempted breakout in April.
News context
- BCH's rise comes amid rising global trade tensions, which has led to increased interest in non-sovereign assets.
- The US and China are once again ramping up tariff pressure, targeting high-tech sectors and raising concerns about global supply chains.
- Risk assets reacted unevenly, but Bitcoin Cash clearly benefited from the reallocation of capital into large mid-cap names.
- The Federal Reserve's policy remains tight, with rates held at 4.25% to 4.50% and further quantitative tightening planned.
- Despite a history of volatility and declining interest from retail investors, Bitcoin Cash has recently shown signs of institutional revaluation.
- Analysts point to ease of scaling, fast settlement times and long-term technical support above $400 as factors driving renewed interest.
If the momentum continues, BCH could attempt to secure $500 as long-term support, a move that could change its macro structure in Q3.
Price dynamics
BCH rose from $461.87 to a high of $492.08 in 24 hours, supported by significant inflows. The breakout began in earnest between 1:00 PM and 2:00 PM, when volume rose to 152,140 units — more than five times the hourly average, confirming institutional buying.
The price had a few brushes with the $500 level, dipping as low as $490.46 in the morning session before stabilizing. A brief sell-off at 04:51 caused a sharp drop to $491.47, but the price soon recovered to $485, showing signs of resilience and consolidation just below a key resistance level.
Technical analysis
- Bitcoin Cash has increased by 6.5% in 24 hours, rising from $461.87 to $492.08.
- The breakthrough was confirmed by a fivefold increase in volume (more than 152 thousand) between 13:00 and 14:00.
- The price broke above long-term trend line resistance near $472 and held above the 100-hour simple moving average.
- Numerous attempts to break the $500 barrier indicate that psychological resistance remains strong.
- Support formed at $490.46; zone
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