BCH Rally Pushes Price Close to $650, Highest Since April 2024

Bitcoin Cash Rallies 7% to $647, Highest Since April 2024

Bitcoin Cash (BCH $603.27) surged 7% in the past 24 hours, reaching $647 and revisiting levels last seen in April 2024, according to CoinDesk data.

The rally comes amid the Federal Reserve’s recent rate cut and growing market expectations for faster approvals of crypto ETFs in the U.S., driving a broader risk-on sentiment. Other tokens such as DOT, SUI, JUP, and NEAR also gained, while smaller coins like PENGU posted double-digit increases.

Analytics platform Santiment noted that BCH had experienced extreme bearish sentiment prior to the upswing. “Historically, prices move opposite to the crowd’s expectations. Buying when the crowd is fearful and selling when greedy works well for many altcoins,” Santiment said on X.

The SEC’s approval of generic listing standards for commodity and crypto ETFs—enabling new products to launch without individual reviews—may be reinforcing bullish sentiment, opening the door for broader token-linked investment products in the coming months.

From a technical perspective, BCH’s gains build on a July breakout, when its price surpassed a channel formed by highs from April and December 2024 and lows from August 2024 and April 2025. This suggests prior selling pressure has eased. Immediate resistance lies at the 2024 high of $719, which could be the next key target.