Bitcoin Cash Shines Amid Altcoin Bloodbath, Volume Jumps 32%
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Bitcoin Cash (BCH) has surged amid a downturn in altcoins, with a 32% increase in trading volume and a price rise to $601.39. Institutional and retail demand has driven this momentum, with BCH outperforming Bitcoin by 20% in July. The asset's Relative Strength Index indicates bullish momentum, and it has climbed to the 14th position in the cryptocurrency market. Market participants are closely watching BCH to see if it can maintain the $600 level amidst fluctuating sentiments.
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