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Bitcoin Cash Price Nears $1,000 as Breakout Continues

The value of an alternative version of the bitcoin blockchain is soaring at press time, setting a new all-time high near $1,000.

Updated Sep 13, 2021, 6:50 a.m. Published Aug 19, 2017, 2:40 p.m.
cash register

The price of bitcoin cash is surging toward $1,000.

At press time, the cryptocurrency that powers an alternative version of the bitcoin protocol, had reached a high of more than $920 during today's session, up more than 70% from its price of $543 just 24 hours ago.

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The development comes at a time when volume across global exchanges has more than tripled on strong trading in the South Korean won.

Data from Coinmarketcap indicates 24-hour volume in bitcoin cash was $3 billion on Friday, up from $744 million on Thursday and as little as $106 million on Wednesday.

Yet, the increased trading volume is also the latest sign bitcoin cash is establishing its market in the face of key challenges that have emerged since it first forked from bitcoin on August 1.

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Bitcoin cash

(BCH) differs from the bitcoin blockchain (BTC) in that it supports an 8 MB block size, but that does not have a malleability fix via Segregated Witness, though more pronounced have been differences in its economic network.

While it remains to be seen whether bitcoin cash can attract widespread exchange and miner support to develop its own economy, today's evidence suggests it may be on its way to doing so.

Cash register image via Shutterstock

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Trading activity softened in March as market uncertainty grew amid escalating tariff tensions between the U.S. and global trading partners. Centralized exchanges recorded their lowest combined trading volume since October, declining 6.24% to $6.79tn. This marked the third consecutive monthly decline across both market segments, with spot trading volume falling 14.1% to $1.98tn and derivatives trading slipping 2.56% to $4.81tn.

  • Trading Volumes Decline for Third Consecutive Month: Combined spot and derivatives trading volume on centralized exchanges fell by 6.24% to $6.79tn in March 2025, reaching the lowest level since October. Both spot and derivatives markets recorded their third consecutive monthly decline, falling 14.1% and 2.56% to $1.98tn and $4.81tn respectively.
  • Institutional Crypto Trading Volume on CME Falls 23.5%: In March, total derivatives trading volume on the CME exchange fell by 23.5% to $175bn, the lowest monthly volume since October 2024. CME's market share among derivatives exchanges dropped from 4.63% to 3.64%, suggesting declining institutional interest amid current macroeconomic conditions. 
  • Bybit Spot Market Share Slides in March: Spot trading volume on Bybit fell by 52.1% to $81.1bn in March, coinciding with decreased trading activity following the hack of the exchange's cold wallets in February. Bybit's spot market share dropped from 7.35% to 4.10%, its lowest since July 2023.

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