Although hovering around the $100 range since mid-2022, Bitcoin Cash has skyrocketed after it was listed by a new crypto exchange that's backed by big-time TradFi players—Citadel Securities, Fidelity, and Bitcoin, Ether, Bitcoin Cash, and Litecoin. The price of Bitcoin Cash has more than doubled over the past week since the announcement, trading near $235 as of Tuesday morning. The coin's price was up nearly 20% over the past 24 hours.
Bitcoin Cash got a boost when it was not named a security in the Securities and Exchange Commission lawsuits against Binance and Coinbase filed earlier this month. EDX listing the token has given investors more confidence that regulators may be ignoring it.
