Bitcoin Cash (CRYPTO: BCH) is rallying Friday as Bitcoin (CRYPTO: BTC) snaps back from late-Thursday weakness, reigniting risk appetite across crypto markets.
Bitcoin ripped higher on the day, up about 12% to reclaim the $70,000 level, setting a decisively risk-on tone that’s lifting high-beta names like BCH alongside the broader rebound.
Here’s what investors need to know.
$BCH surged Friday. What should traders watch with $BCH?
Why A Rising Bitcoin Price Lifts Bitcoin Cash
In the same way Bitcoin’s snapback tends to pull traders back into higher-beta assets after a shakeout, the renewed bid in Bitcoin is acting like a green light for opportunistic rotation into liquid altcoins such as Bitcoin Cash.
Bitcoin still functions as crypto’s macro barometer: when it stabilizes after a fast sell-off, it reduces fear of a …Full story available on Benzinga.com
