News on Crypto Currency: Bitcoin Nears $100K, Market Soars

News on Crypto Currency: BCH, BTG Volume Skyrockets 150%

The cryptocurrency market is abuzz today as Bitcoin inches closer to the $100,000 milestone, sparking a surge in digital currencies across the board. This latest rally has not only propelled Bitcoin's market cap towards $2 trillion but has also ignited substantial gains in its hard forks, including Bitcoin Cash (BCH), Bitcoin SV (BSV), and Bitcoin Gold (BTG). 

With trading volumes skyrocketing and investor optimism at an all-time high, the digital currency landscape is experiencing a renewed wave of excitement. Stay tuned for the latest updates and insights on this monumental development in the world of cryptocurrency.

Crypto Currency News Today

Bitcoin (BTC) has taken the crypto market by storm, surging past $97,000 early Thursday, inching closer to the historic $100,000 milestone. This rally has pushed Bitcoin’s market cap to nearly $2 trillion, reigniting investor enthusiasm across the cryptocurrency landscape. The anticipation of breaking this psychological barrier has also ignited renewed interest in Bitcoin’s hard forks, Bitcoin Cash (BCH), Bitcoin SV (BSV), and Bitcoin Gold (BTG).

Bitcoin Cash Outshines with Stellar Gains

Bitcoin Cash (BCH) emerged as the best performer among Bitcoin’s forks, leaping by 17.69% to $518.52 in just 24 hours. Its market capitalization reached $10.26 billion, fueled by a 159.81% spike in trading volume to $1.18 billion. The surge highlights BCH’s ability to attract intense trading activity during Bitcoin’s bullish phases, positioning it as a major beneficiary of BTC’s momentum.

Bitcoin SV and Bitcoin Gold Ride the Wave

Bitcoin SV (BSV) and Bitcoin Gold (BTG) followed suit with significant gains. BSV rose by 11.8%, trading at $76.24, as its market cap climbed to $1.51 billion. Trading volume for BSV saw a near doubling, up 97% to $130.92 million. Bitcoin Gold (BTG) showed similar strength, surging 15.80% to $36.89. Its trading volume skyrocketed by an astonishing 772.02%, reaching $103.07 million, reflecting growing investor interest.

Optimism Fuels Broader Crypto Momentum

The broader rally appears to be driven by increased market optimism, spurred by a Republican victory earlier this month, which many believe could favor pro-crypto legislation. As Bitcoin edges closer to $100,000, its forks are capitalizing on the excitement, drawing new investors and solidifying their positions in the market. The next few days could mark a critical juncture for these cryptocurrencies.