Bitcoin Cash price surges to one-year high due to rising social interest and exchange support.

Bitcoin Cash (BCH) has seen a surge in its value, reaching a one-year high on Monday. Its rally has been fueled by its listing on the institutional-backed crypto exchange, EDX Markets, along with rising trading volumes and social media interest. The token’s price has risen by 17% in the past 24 hours, reaching as high as $226.44, the highest since May 2022. The blockchain Bitcoin Cash Price Index (BCX), which tracks the token’s price on multiple exchange venues, has risen by 111% over the past week. EDX Markets, which opened trading last Tuesday, is backed by traditional finance heavy-weights Fidelity Digital Assets, Charles Schwab, and Citadel Securities, and supports BCH along with bitcoin (BTC), ether (ETH), and litecoin (LTC). However, despite the recent surge, BCH is still 95% down from its all-time high price of $4,355 in December 2017, according to CoinMarketCap. Some $92 million in BCH has been transferred in the last 24 hours, compared to $11 billion in BTC. Edited by Stephen Alpher.