Bitcoin News Update: Institutional Endorsement Fuels Bitcoin Cash Surge Beyond $550
- Bitcoin Cash (BCH) surged past $550 in early October 2025, driven by a 328% trading volume spike signaling strong institutional and retail participation. - Technical indicators confirmed an uptrend with consolidation between $553-$556, supported by higher lows and bullish RSI/MACD readings. - T. Rowe Price's BCH ETF inclusion and reduced Mt. Gox liquidation fears validated institutional confidence, while futures open interest rose 13.8% to $382.96M. - A $565.1 breakout could target $651, but a drop below
In early October 2025, Bitcoin Cash (BCH) soared above $550, fueled by a remarkable 328% jump in trading activity that reflected robust interest from both institutional and retail investors. The digital asset advanced 2.6% to reach $554.52, surpassing major resistance levels following a surge of 130,078 units traded at 1 a.m. UTC, as highlighted in a
Weekly data further reinforced the breakout, with
Technical experts highlighted several important price points for BCH. Immediate support was identified at $553.50, with attention on a possible retest of the previous resistance at $547, now acting as support. On the resistance side, $558.25—an earlier peak—was marked as the next significant barrier. Surpassing this level could pave the way for a move toward $615, a target referenced by various models in a
Trading volume trends highlighted the rally’s strength. The 130,078-unit spike at 1 a.m. UTC represented a 328% increase over the average, while 24-hour volume jumped 65% to $774.45 million, based on CoinPedia’s data. This strong performance coincided with easing concerns over a $4 billion Bitcoin and BCH liquidation from the Mt. Gox case, which was postponed to 2026. Institutional interest also contributed, with T. Rowe Price’s inclusion of BCH in a crypto ETF application cited as a key driver by CoinPedia.
Market sentiment for BCH diverged from the broader crypto landscape. While BCH’s short-term prospects remained positive, other cryptocurrencies such as
Looking forward, BCH’s path depends on maintaining high volume and overcoming resistance. Closing above $565.1 could propel the price toward $651, aligning with the 78.6% Fibonacci retracement level cited by FXStreet. Conversely, falling below the $542 support could prompt profit-taking and a retest of the 200-day EMA at $531, as previously mentioned by FXStreet. Experts advise that while on-chain indicators remain neutral, the bullish tilt in the futures market points to ongoing optimism.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Cardano News Update: Polygon and Cardano Create Tangible Value While MoonBull Surges Amid Speculation
- Polygon partners with Flutterwave to launch Africa's low-cost stablecoin cross-border payment system via USDC/USDT, slashing fees to < $0.01. - Cardano advances enterprise blockchain adoption through research-driven smart contract upgrades targeting scalability and interoperability. - MoonBull ($MOBU) attracts speculative attention with projected 9,256% ROI by 2025, though use cases remain undisclosed. - Altcoins like Polygon and Cardano demonstrate real-world infrastructure value, contrasting with MoonB

Corporate Profits Diverge as Legal Challenges and Cost Battles Try Investors' Patience
- Q3 2025 corporate results show mixed sector performance, with energy/utilities facing cost pressures and regulatory challenges. - Edison International (EIX) boosted core EPS by 56% to $2.34 in Q3 2025, while Ultra Clean (UCTT) saw revenue dip to $510M amid SAP implementation costs. - Tronox (TROX) and Fluor (FLR) face class-action lawsuits over alleged financial misstatements, dragging down investor confidence alongside Blackstone's (BX) seven-day losing streak. - Companies like Xcel Energy and Fuchs SE

DASH climbs 20.52% amid strategic growth and community-focused efforts
- DASH surged 20.52% to $52.15 on October 31, 2025, driven by strategic expansion and social initiatives. - Analysts raised price targets to $303.27 average, citing 50.04% gross margin and $11.895B revenue amid global expansion. - Legal risks persist from ITIN worker allegations and a THC delivery lawsuit, though DoorDash denies wrongdoing. - Project DASH aims to deliver 1M free meals and expand grocery delivery, boosting public image and market resilience.
BTC breaks through $111,000