Bch hitting $364.1, up a hefty 10.1% in just 24 hours, got me hype! wondering what set off this rocket? let's dive in:
1. **bitcoin madness:** bitcoin just shattered its ath, scrambling past $75,000. this surge in btc often pulls up altcoins like bch due to a spillover effect. everyone's riding the hype wave 🌊!
2. **etf outflows:** there was a significant $117.27 million outflow from u.s. bitcoin spot etfs. this might have prompted investors to scout other avenues like bch, seeking refuge or quick gains elsewhere.
3. **election euphoria:** the ongoing u.s. elections, with its crypto-friendly vibes, are turning heads. trump's crypto antics have stirred the markets, making bch a sweet buy for those looking to hedge against traditional markets loaded with political uncertainty.
4. **whale moves:** as btc whales adjusted their holdings pre-election, bch could've attracted their attention as a potential hedge or profit-maker. 📉📈
5. **eth/btc ratio drop:** with eth lagging against btc, some crypto enthusiasts may have shifted focus to bch, hoping to catch a more promising wave.
all this makes me think bch is on the verge of something big as market dynamics shift! what are y'all thoughts on bch's next move?