• Bitcoin Cash soared to a 14-month high above $320, hitting a new all-time high of $326 on Coinbase.
  • BCH has been gaining momentum since Wall Street-backed EDX listed it alongside BTC, ETH and LTC.
  • A surge in trading volume on South Korean exchange Upbit contributed to the rise in CBH prices on Friday.

Bitcoin Cash surged to a 14-month high Friday morning, trading as high as $326 on US-based cryptocurrency exchange Coinbase.

Why is the BCH price rising today?

Bitcoin Cash has been hovering below $165 since falling below levels last June. But BCH climbed to a one-year high as Bitcoin climbed above $31,000 in a bullish mood boosted by BlackRock’s spot ETF filing.

Since then, the bullish momentum has not stopped, with the price surpassing the psychological $300 mark today, up more than 30% in 24 hours. The cryptocurrency has gained nearly 200% over the past two weeks and is now up 110% over the past year.

Notably, the price of BCH surged to new year highs last week after Bitcoin Cash was listed by EDX Markets, a new cryptocurrency exchange backed by Wall Street majors such as Fidelity and Charles Schwab. That’s what I did. Only his three other coins (BTC, ETH, LTC) are listed on EDX.

Enthusiasm across the BCH community for this list has further fueled its upward momentum. On Friday, a positive outlook on cryptocurrency’s potential led to a surge in trading volume on the major South Korea-based cryptocurrency platform.

Bitcoin Cash appears to be gaining additional strength from South Korea as the crypto market tries to maintain positive sentiment. In the last 24 hours, his BCH/KRW pair on crypto exchange Upbit has risen to his $557 million. That’s more than 3x his for BTC/KRW and almost 6x for BCH/USD.

According to CoinGecko data, daily trading volume across all exchanges increased 165% in the last 24 hours to over $2.4 billion.As Into The Block pointed outBCH trading volume surpassed $750 million on Thursday, the highest level in a year.

By Jules

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