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Bitcoin Cash (BCH) Soars 55% in a Week Due to BlackRock's ETF Application and EDX Markets Launch

July 1 (Cointime) - Bitcoin Cash (BCH) has seen a significant increase in value, rising by 55% in the past week. This surge can be attributed to two main factors: BlackRock's application for a Bitcoin spot ETF with the SEC and the launch of EDX Markets. While BlackRock's move has generated a bullish sentiment in the cryptocurrency market, the introduction of EDX Markets, a platform catering to institutional investors, appears to be the primary catalyst behind Bitcoin Cash's recent price surge. Additionally, a short squeeze and an unexpected surge in trading volume on the South Korean exchange Upbit could have influenced the recent uptrend in BCH.

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