Bitcoin Cash (BCH) has experienced a significant rally, reaching $647, its highest level since April 2024, amid a backdrop of bearish market sentiment. This surge comes as Grayscale seeks SEC approval for a Bitcoin Cash ETF, highlighting growing institutional interest in the cryptocurrency. Concurrently, Mt. Gox has commenced repayments to creditors in Bitcoin and Bitcoin Cash, marking a significant step in the rehabilitation plan of the collapsed exchange.
In regulatory news, the SEC has delayed its decision on Grayscale’s Hedera Trust while reviewing updated filings for Bitcoin Cash and Litecoin ETFs. Meanwhile, Tether has announced the end of USDT redemptions on the Bitcoin Cash blockchain, signaling shifts in the stablecoin landscape. These developments underscore the evolving regulatory and market dynamics surrounding Bitcoin Cash, as it continues to capture investor attention.
Bitcoin Cash (BCH) Rally: Market Sentiment and Future Outlook
October 17, 2025
1 min read
Bitcoin Cash (BCH) has experienced a significant rally, reaching $647, its highest level since April 2024, amid a backdrop of bearish market sentiment. This surge comes as Grayscale seeks SEC approval for a Bitcoin Cash ETF, highlighting growing institutional interest in the cryptocurrency. Concurrently, Mt. Gox has commenced repayments to creditors in Bitcoin and Bitcoin Cash, marking a significant step in the rehabilitation plan of the collapsed exchange.