🚀 CME Just Put Bitcoin Cash on Wall Street's Radar: $BCH Jumps ~30% 🚀
While $BTC cooled off to the low $80Ks, one coin stole the spotlight this week 👇
🔥 What happened?
CME Group announced it will launch regulated Bitcoin Cash futures on Oct 19 (pending regulatory review):
Standard contract: 250 BCH
Micro contract: 25 BCH
$UNI futures are launching the same day.
📈 The market reaction
BCH surged as much as 30%, from ~$267 to ~$348, breaking a months-long downtrend. The weekly gain is over 55%, on top of Grayscale's updated filing to convert its Bitcoin Cash Trust into an ETF (ticker: BCHG).
🏦 Bigger picture: Wall Street keeps moving in
CME already lists futures on BTC, ETH, XRP, SOL, ADA, LINK, XLM, AVAX and SUI
MoonPay plans to acquire U.S. broker-dealer North Capital (60M+ deal) to expand into tokenized securities
Hong Kong is preparing new digital-asset licensing rules and a tokenized Exchange Fund Notes pilot
⚠️ Reality check
History says futures listings can be "sell the news." After their own CME futures announcements earlier this year, ADA and LINK both dropped by more than a third before launch. Momentum is strong, but chasing green candles is how people get liquidated.
📌 Levels to watch: $350 as support, and whether volume holds up into Oct 19.
Are you riding the BCH breakout or waiting for a pullback? Drop your take below 👇
#BitcoinCash #BCH #CME #CryptoNewss #Altcoins
Not financial advice. DYOR.
While $BTC cooled off to the low $80Ks, one coin stole the spotlight this week 👇
🔥 What happened?
CME Group announced it will launch regulated Bitcoin Cash futures on Oct 19 (pending regulatory review):
Standard contract: 250 BCH
Micro contract: 25 BCH
$UNI futures are launching the same day.
📈 The market reaction
BCH surged as much as 30%, from ~$267 to ~$348, breaking a months-long downtrend. The weekly gain is over 55%, on top of Grayscale's updated filing to convert its Bitcoin Cash Trust into an ETF (ticker: BCHG).
🏦 Bigger picture: Wall Street keeps moving in
CME already lists futures on BTC, ETH, XRP, SOL, ADA, LINK, XLM, AVAX and SUI
MoonPay plans to acquire U.S. broker-dealer North Capital (60M+ deal) to expand into tokenized securities
Hong Kong is preparing new digital-asset licensing rules and a tokenized Exchange Fund Notes pilot
⚠️ Reality check
History says futures listings can be "sell the news." After their own CME futures announcements earlier this year, ADA and LINK both dropped by more than a third before launch. Momentum is strong, but chasing green candles is how people get liquidated.
📌 Levels to watch: $350 as support, and whether volume holds up into Oct 19.
Are you riding the BCH breakout or waiting for a pullback? Drop your take below 👇
#BitcoinCash #BCH #CME #CryptoNewss #Altcoins
Not financial advice. DYOR.
