• Bitcoin Money (BCH) is up almost 80% over the previous 4 days.
• The value of BCH rose from $109.73 on June twentieth, earlier than rebounding sharply to $199.00.
• In line with Santimento, Bitcoin Money is the most important beneficiary of the EDX market launch.

Bitcoin Money (BCH) has surged almost 80% over the previous 4 days, making it one of many prime 20 cryptocurrencies with the very best positive aspects, in accordance with information from CoinmarketCap. The value of BCH rose from $109.73 on June twentieth, earlier than rebounding sharply to $199.00. Market intelligence platform Santiment has linked this uncommon BCH value rise to the influence of newly launched digital asset buying and selling platform EDX Markets.

In line with Santimento, Bitcoin Money is the most important beneficiary of the EDX market launch. It additionally exhibits that Bitcoin Money’s social dialogue price has reached its highest degree in three years, and its buying and selling quantity is effectively above its 2023 excessive.

On Tuesday, June 20, 2023, digital asset market EDX Markets accomplished a funding spherical with a brand new fairness companion. On the identical day, the corporate launched a digital asset market by way of an middleman. The influence of this announcement resonated throughout the cryptocurrency market, with many of the prime cash rising to important ranges.

The announcement was made as a reduction to a market that has been suffering from regulatory points over the previous few weeks. This has rekindled investor confidence within the digital asset market and injected important bullish momentum that has turned market sentiment round. In a brief time frame, the digital asset market appears to have moved from he FUD (Worry, Uncertainty, Doubt) to he FOMO (Worry of Lacking Out).

On the time of this writing, Bitcoin Money is the highest weekly gainer on CoinmarketCap. The current rally has taken BCH’s weekly acquire to 76.43%. PEPE (PEPE) was the second-highest gainer, rising 63.39% over the identical interval. Bitcoin SV (BSV) is up 50.27%, whereas Stax (STX) has made a cumulative revenue of 32.92% over the previous seven days.