{"id":164229,"date":"2023-09-28T08:12:00","date_gmt":"2023-09-28T02:42:00","guid":{"rendered":"https:\/\/dripp.zone\/news\/bitcoin-cash-price-rallies-to-250-as-whales-accumulate-crypto-news\/"},"modified":"2023-09-28T08:12:02","modified_gmt":"2023-09-28T02:42:02","slug":"bitcoin-cash-price-rallies-to-250-as-whales-accumulate-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-cash-price-rallies-to-250-as-whales-accumulate-crypto-news\/","title":{"rendered":"Bitcoin Cash Price Rallies to $250 As Whales Accumulate &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Bitcoin\u2019s first hard-forked version <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/bitcoin-cash\/\">Bitcoin Cash (BCH)<\/a> has recently seen its price jump by a staggering 8% in the last 24 hours. As of press time, Bitcoin Cash is trading at a price of $233 with a market cap of $4.5 billion, and trading volumes hitting $250 million.<\/p>\n<p>Bitcoin Cash has demonstrated strong performance in the current month, exhibiting a noteworthy increase of 16.39%. Over the past six months, it has surged by an impressive 89.67%, indicating robust performance. Furthermore, the year-to-date return of BCH price remains positive, experiencing a substantial rise of 136.09%.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<h3>Bitcoin Cash Accumulation By Whales<\/h3>\n<p>Whales have been <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/bitcoin-vs-bitcoin-cash\/\">accumulating Bitcoin Cash<\/a> in big numbers as per the whale wallet analysis shared by on-chain data provider Santiment.<\/p>\n<p>The data illustrates that cryptocurrency whales holding between 100,000 to 10 million BCH collectively possessed 3.74 million BCH on September 18. However, as depicted in the chart below, by September 26, their holdings increased to 3.86 million BCH.<\/p>\n<p>This signifies that Bitcoin Cash whales have acquired an additional 120,000 BCH, elevating their balances to levels reminiscent of those observed in July 2023. At the prevailing price of $213 per BCH, the 120,000 BCH recently obtained by Bitcoin Cash whales equate to approximately $25.6 million.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<figure id=\"attachment_160305\" aria-describedby=\"caption-attachment-160305\" style=\"width: 927px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-160305\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Cash-whales.png\" alt=\"\" width=\"927\" height=\"451\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Cash-whales.png 927w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Cash-whales-300x146.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Cash-whales-768x374.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Cash-whales-150x73.png 150w\" sizes=\"auto, (max-width: 927px) 100vw, 927px\"\/><\/noscript><figcaption id=\"caption-attachment-160305\" class=\"wp-caption-text\">Courtesy: Santiment<\/figcaption><\/figure>\n<p>Historical patterns have consistently indicated that the substantial buying activities of whale clusters, owing to their substantial holdings, have wielded considerable influence over BCH prices. Consequently, if these long-term holders persist in retaining their holdings, BCH price enthusiasts may anticipate further gains in the coming weeks.<\/p>\n<h3>Bitcoin Cash Technical Chart<\/h3>\n<p>Over the past three months, the price of BCH cryptocurrency has exhibited a consistent downward trajectory, experiencing a 41% decline during this period. This decline has been marked by a sequence of lower highs and lows, transitioning from $309 to $183<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>As of the present moment, BCH cryptocurrency is trading at $229.80, finding support within a demand zone. Should BCH sustain its current level and experience an upswing, it might target the nearest resistance levels at $249.79 and $273.14.<\/p>\n<p>However, in the event that BCH fails to maintain its current position, the cryptocurrency\u2019s price may continue its descent, potentially reaching the closest support levels situated at $186.25 and $168.09.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-160306\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" width=\"1461\" height=\"847\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Cash-technical-chart.png 1461w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Cash-technical-chart-300x174.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Cash-technical-chart-1224x710.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Cash-technical-chart-768x445.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Cash-technical-chart-150x87.png 150w\" data-lazy-sizes=\"(max-width: 1461px) 100vw, 1461px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Cash-technical-chart.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-160306\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Cash-technical-chart.png\" alt=\"\" width=\"1461\" height=\"847\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Cash-technical-chart.png 1461w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Cash-technical-chart-300x174.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Cash-technical-chart-1224x710.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Cash-technical-chart-768x445.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/Bitcoin-Cash-technical-chart-150x87.png 150w\" sizes=\"auto, (max-width: 1461px) 100vw, 1461px\"\/><\/noscript><\/p>\n<p>As of the time of this report, the BCH cryptocurrency price is sailing above both the 20-day and 50-day EMAs (exponential moving averages), providing essential support to the prevailing trend.<\/p>\n<p>In terms of technical indicators, the MACD line stands at 3.63, surpassing the signal line at 1.98. Importantly, both lines are situated above the zero line, and they have recently exhibited a bullish crossover within the MACD oscillator.<\/p>\n<p>Additionally, the Relative Strength Index (RSI) is currently at 64.84 points, with the 14-day Simple Moving Average (SMA) positioned above the midpoint at 52 points. These collective indicators suggest a bullish outlook for Bitcoin Cash in the upcoming trading sessions<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/bch-price-shoots-8-amid-heavy-bitcoin-cash-accumulation\/\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/bch-price-shoots-8-amid-heavy-bitcoin-cash-accumulation\/\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><\/noscript><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20834%20833'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/?utm_source=priceanalysisbar&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20834%20833'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA160303\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD160303\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p><!-- \n\n<div class=\"container p-1 mb-3  mt-4 \">\n    \n    \n     \n\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span>\n                    \n                    \n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/\" class=\"viewAll p-0\">View all<\/a>\n                <\/div>\n\n\n     \n\n<div class=\"row mobileXS \">\n                     \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/twitter-is-now-worth-just-33-of-elon-musks-purchase-price\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20640%20853'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\" decoding=\"async\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\" decoding=\"async\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Twitter is now worth just 33% of Elon Musk\u2019s purchase price <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n              \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/will-cramer-curse-strike-again\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20640%20853'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"will_cramer_curse_strike_again_720\" decoding=\"async\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/will_cramer_curse_strike_again_720.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/will_cramer_curse_strike_again_720.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"will_cramer_curse_strike_again_720\" decoding=\"async\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Will Cramer Curse Strike Again? <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n              \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/mercedes-benz-to-release-nft-collection-with-fingerprints-dao\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20640%20853'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720\" decoding=\"async\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/05\/mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720\" decoding=\"async\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Mercedes Benz To Release NFT Collection With Fingerprints DAO <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n     \n                              \n          <\/div>\n\n\n    \n          \n \n    \n            \n    <\/div>\n\n        --><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin\u2019s first hard-forked version Bitcoin Cash (BCH) has recently seen its price jump by a staggering 8% in the last 24 hours. As of press time, Bitcoin Cash is trading at a price of $233 with a market cap of $4.5 billion, and trading volumes hitting $250 million. Bitcoin Cash has demonstrated strong performance in [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":164230,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-164229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/164229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=164229"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/164229\/revisions"}],"predecessor-version":[{"id":164231,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/164229\/revisions\/164231"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/164230"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=164229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=164229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=164229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}