BCH/USDT$
Recent Developments on BCH (August 10–11, 2025)
Bullish Momentum Ahead of Halving
BCH is trading around $575.70, marking a +2.27% gain in the last 24 hours as traders position ahead of the upcoming August halving event. Technical indicators suggest very strong bullish momentum.
Two days earlier (Aug 9), BCH similarly surged past $587.20, gaining +2.17%, driven by bullish sentiment around the same halving.
Volatility and Profit-Taking Observed
On August 10, BCH’s price action struggled to keep pace with Bitcoin’s rally, facing resistance near the 10-day range. Profit-taking and whale retreat were cited as dampening factors.
On the same day, BCH dipped to around $561, before partially recovering towards $579—indicative of short-term selling pressure after a failed breakout attempt.
Stablecoin Landscape: Potential Headwind
A notable concern stems from Tether’s plan: USDT will cease support for Bitcoin Cash (alongside other low-usage chains) on September 1, 2025, which could reduce stablecoin settlement demand and dampen on-chain activity.
Market Metrics Recap
CoinMarketCap reports BCH trading at $590.73, up 3.86% over 24 hours, with $545M in trading volume and a market cap around $11.76B.
Binance-based summary places BCH at $576.90, with a 24-hour volume near $456M, reflecting a modest +0.65% uptick.
