@Alther 3 September 2025 more from that month

Bitcoin Cash Breaks Above $600: Whales, Tether, and Fresh Momentum It's Bitcoin Cash (BCH) that has found itself back in the headlines again. The digital currency BCH broke above the long-awaited $600 mark on September 3, 2025. This breaking of the long-term resistance didn't happen randomly but came through a combination of technical indicators, fundamental news, and, of course, whale activity of sorts. BCH gained around 4.5% in the last 24 hours and pushed its market capitalization above $12 billion. The unusual trading volume recorded a spike to over $700 million. On-chain data reported about large whale accumulation—almost 66,000 BCH, worth more than $39 million in one day. The incident is the largest accumulation recorded within eight weeks. Stimulating the Movement Further, a Surprise Announcement from Tether (USDT) that took the world by storm. The world's largest issuer of stablecoins reversed course and refused to stop supporting BCH-based SLP tokens. The community, quite gingerly, found this reversal to be a welcome boost to its spirit, like fresh oxygen to the momentum the BCH movement generated. Of course, it all comes with a certain amount of caution. The RSI indicator currently sits at around 75, which is a condition marked as overbought. A possible advance towards $664 is still somehow open if the breakout continues, but a trend towards the $551--558 range could still happen if selling pressure builds. BCH's story today is a testament to how technicals combined with policy swings and whale moves can create sudden volatility in the market. A reminder to the public that Bitcoin Cash still has the willpower not only to survive but to shine in a fairly crowded space.