BCH Surges 5% to $524.6 on Binance as Trading Volume Soars and Analyst Targets Rise

Bitcoin Cash (BCHUSDT) is trading at 524.6 on Binance, up 5.07% over the past 24 hours from a 24h open of 499.3. The recent price increase is primarily attributed to a combination of strong technical breakouts above key resistance levels, significant surges in trading volume, and renewed bullish sentiment following upward revisions of 2025 price targets by analysts. Additional factors include aggressive buying activity during US trading hours, broad market volatility driven by global trade tensions, and increased promotional activity such as the Binance Write 2 Earn initiative focused on BCH. Over the last week, BCH has outperformed many major cryptocurrencies, supported by a 24-hour trading volume of $384.44 million and a circulating supply of 19.89 million, with market capitalization near $10.06 billion. The asset’s recent momentum is further reinforced by sustained multi-week gains and technical signals indicating continued accumulation.