In this week’s Crypto Corner, The Daily Breakdown takes a closer look at Bitcoin Cash — exploring what it is and how its charts look.
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Crypto Corner
Bitcoin has been in the headlines after it quickly rode a multi-day winning streak to new record highs this week — its first record high since mid-August. But that’s got some investors wondering about Bitcoin Cash.
While BCH has done well lately — up about 33% so far this year and more than 75% over the past 12 months — it has yet to regain its all-time highs. But let’s back up…what is BCH?
Bitcoin Cash (BCH): Trading near ~$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 split came from a disagreement within the Bitcoin community over how to scale the network. While Bitcoin kept its smaller block size to prioritize decentralization and security, Bitcoin Cash increased its block size, allowing it to handle more transactions per block — with the goal of being a faster and more practical payment system.
It operates on its own dedicated blockchain and utilizes the same native cryptocurrency, BCH, which is primarily designed for use as a medium of exchange (digital cash) rather than a store of value (digital gold), contrasting with BTC’s modern use case.
It shares many technical similarities with BTC (such as its 21 million supply cap and proof-of-work consensus), but focuses more heavily on transaction speed, lower fees, and day-to-day usability. Similar to Bitcoin, miners secure the network using the traditional Proof-of-Work (PoW) consensus mechanism.
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The Setup — BCH
After Bitcoin cash found support in the $275 to $300 area, it charged up toward $500 and was able to clear a notable downtrend resistance area (the blue line). Now, it’s finding support above this measure, along with the 10-week moving average.
However, Bitcoin Cash is struggling with the $600 to $650 area — the same area it struggled with in December. If BCH can break out over this area, it could open the door to its 2024 highs (near $720). If it cannot break out over this area though, bulls will likely look for continued support near the $500 level.
What Wall Street’s Watching
For the first time ever, gold touched $4,000 an ounce this week. This morning though, it’s cruising right through this level, helping elevate the GLD ETF as well. For its part, silver is on the cusp of hitting $50 an ounce, giving the SLV ETF a lift too. It’s been a strong year for metals, with both up more than 50% in 2025.
Shares of AST SpaceMobile are surging this morning, up about 12% in pre-market trading. The rally comes amid reports of a partnership with Verizon to bring a satellite-to-phone service by 2026. It also comes amid strong momentum for the stock, which has rallied almost 50% in the last five days. Check out the chart for ASTS.
Disclaimer:
Please note that due to market volatility, some of the prices may have already been reached and scenarios played out.