Bitcoin Cash BCH/USD Rose 2.6% Thursday Morning to $431.48

Bitcoin Cash BCH/USD rose 2.6% Thursday morning to $431.48, benefiting from strong momentum across the crypto market as Bitcoin surged to a new all-time high above $111000.

Bitcoin Cash (BCH) price rose by 2.6% on Thursday morning, trading at $431.48. This move was part of a broader rally across the crypto market, with Bitcoin hitting a new all-time high above $111,000.

The broader rally is being driven by several factors, including strong institutional inflows into crypto products, anticipation of post-halving supply constraints for Bitcoin, and dovish macroeconomic signals. However, experts caution that several structural risks, such as quantum computing's long-term threat to blockchain security, could pose challenges.

Bitcoin's latest surge, which saw total crypto market capitalization rise above $3.5 trillion, is characterized by strong spot demand and record ETF inflows.

According to analysts at Bitfinex and Bitget, the current uptrend in the crypto market is fundamentally sound, evidenced by stable funding rates and rising open interest.

However, they also note that market sentiment is approaching "extreme greed," which could increase the probability of a short-term pullback.

Bitcoin Cash, originally launched in 2017 as a hard fork of Bitcoin, is known for offering faster transactions and lower fees by increasing block size.

While Bitcoin prioritizes decentralization and security, BCH's focus on usability as a peer-to-peer digital currency aligns more closely with Bitcoin's original vision as described in Satoshi Nakamoto's whitepaper.

BCH's gain on Thursday could also be attributed to broader investor optimism regarding topics like institutional crypto adoption, regulatory progress, and blockchain scalability innovations being discussed at the policy level.