Bitcoin Cash Jumps to $480 as 24-Hour Trading Volume Spikes 22% Above Average

Bitcoin Cash (BCH) Surges 3.15% to $480.10

The price of Bitcoin Cash (BCH) rose by 3.15% in the last 24 hours to reach $480.10. This increase was a significant climb from the session low of around $454. Buyers entered the market to reverse the early weakness, as per CoinDesk Research's technical analysis model.

Despite the global economic tensions and declining Bitcoin prices affecting the overall crypto market, BCH stood out by breaking out to the upside in the late session. This surge was supported by a surge in volume and the breaking of short-term resistance levels.

The trading volume in the past 24 hours saw a 21.98% increase compared to the 30-day average, indicating a shift in participation and suggesting that traders were positioning themselves into strength. Notable buying activity was observed during the U.S. morning hours, with multiple volume spikes between 08:00 and 12:20 UTC. The final push above $468 was fueled by aggressive buying in the last hour of the analysis window.

Despite facing broader challenges such as a 3.5% decline in total crypto market capitalization and escalating U.S.-China trade tensions, BCH showed relative resilience. The coin managed to reclaim levels lost earlier in the week and closed near the day's high, showcasing a pattern of higher lows and sustained accumulation with each breakout. While short-term volatility may persist, BCH is entering the next session with visible momentum and fresh support.

Technical Analysis Highlights

• BCH traded within a range of $454.16 to $469.06 in the past 24 hours, showing a 3.26% swing.
• The day started with a drop to $454 on above-average volume (41K), followed by a rebound that formed a base at $455–$458.
• Volume spikes during 08:00–10:00 indicated increasing buyer interest, helping push the price towards the $468 resistance level.
• The final hour witnessed a breakout from $462.75 to $468.77 (+1.3%), followed by a strong continuation to $480.10.
• Notable buy-side volume spikes were observed at 11:27 (1,314 units), 12:15 (718 units), and 12:20–12:21 (3,600+ units total), confirming demand.
• An uptrend formed with higher highs and higher lows, supported by sustained volume into the close.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.