Bitcoin Cash (BCH) jumped 7% to 647 USD, marking the highest level since April 2024. The rally signifies a shift from a bearish sentiment, as noted by Santiment, suggesting crowd behavior plays a role in market dynamics.
The recent Fed rate cut has fostered a risk-on sentiment, positively impacting BCH and other tokens. Additionally, the SEC’s approval of new ETF listing standards enhances market liquidity, facilitating further gains for BCH.
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