Is it the right time to buy Bitcoin Cash crypto?
As of June 2024, Bitcoin Cash (BCH) is trading around 475 USD, with a daily trading volume consistently above 650 million USD according to major spot exchanges. Recent technical upgrades—including enhancements in scalability and interoperability with DeFi protocols—have reinforced the coin’s ability to process high transaction loads efficiently, while maintaining low fees. Regulatory news in Canada has had a limited, manageable impact, with exchanges reasserting support for BCH in compliance with local policies. The prevailing market sentiment toward BCH is notably constructive: many see its robust on-chain activity and increasing merchant adoption as signals of renewed relevance in the evolving digital payments sector. There's growing interest in BCH’s potential to facilitate real-world payments and peer-to-peer transactions—especially as DeFi and tokenization continue to reshape the cryptocurrency landscape. The consensus of 32 recognized national and international analysts sees the next price milestone at 690 USD, underpinned by an active developer community and expanding ecosystem partnerships. In the current context, marked by a search for scalable, accessible blockchain solutions, BCH emerges as a practical option for investors aiming to diversify into payment-focused crypto assets.
- ✅Fast and low-fee transactions even under network congestion
- ✅Wide merchant and payment processor acceptance globally
- ✅Active development team driving technical upgrades
- ✅Strong community support and transparent governance
- ✅Interoperability with emerging DeFi and tokenization platforms
- ❌Faces competition from both legacy and new payment coins
- ❌Regulatory clarity varies across international markets
- ✅Fast and low-fee transactions even under network congestion
- ✅Wide merchant and payment processor acceptance globally
- ✅Active development team driving technical upgrades
- ✅Strong community support and transparent governance
- ✅Interoperability with emerging DeFi and tokenization platforms
Is it the right time to buy Bitcoin Cash crypto?
- ✅Fast and low-fee transactions even under network congestion
- ✅Wide merchant and payment processor acceptance globally
- ✅Active development team driving technical upgrades
- ✅Strong community support and transparent governance
- ✅Interoperability with emerging DeFi and tokenization platforms
- ❌Faces competition from both legacy and new payment coins
- ❌Regulatory clarity varies across international markets
- ✅Fast and low-fee transactions even under network congestion
- ✅Wide merchant and payment processor acceptance globally
- ✅Active development team driving technical upgrades
- ✅Strong community support and transparent governance
- ✅Interoperability with emerging DeFi and tokenization platforms
- Bitcoin Cash in brief
- How much does 1 Bitcoin Cash cost?
- Our full review of the cryptocurrency Bitcoin Cash
- How to buy Bitcoin Cash?
- Our 7 tips for buying Bitcoin Cash
- The latest news on Bitcoin Cash
- FAQ
Bitcoin Cash in brief
Indicator | Value | Analysis |
---|---|---|
🌐 Origin Blockchain | Bitcoin | Bitcoin Cash is a fork of Bitcoin, launched to improve scalability. |
💼 Project Type | Layer 1 | It operates as a native payment-focused blockchain. |
🏛️ Date of Creation | August 1, 2017 | Created via a hard fork of the original Bitcoin network. |
🏢 Market Capitalization | $9.7 billion (June 2024) | Remains among the largest cryptocurrencies by market capitalization. |
📊 Market Cap Rank | #16 | Consistently ranks in the global crypto top 20. |
📈 24h Trading Volume | $380 million | High daily liquidity supports active trading and price discovery. |
💹 Total Circulating Tokens | 19.7 million BCH (max supply: 21 million) | Nearly all BCH supply is already in circulation, like Bitcoin. |
💡 Main Purpose | Fast, low-fee peer-to-peer payments | Designed to improve payment efficiency over the original Bitcoin. |
How much does 1 Bitcoin Cash cost?
The price of Bitcoin Cash is up this week. As of now, Bitcoin Cash (BCH) is trading at CA$610.45, with a 24-hour decrease of 2.41% but a weekly gain of 7.58%. Its market capitalization stands at approximately CA$12.06 billion, ranking it 14th in the crypto market, with an average 3-month trading volume near CA$955 million. The circulating supply is about 19,711,550 BCH, giving Bitcoin Cash a market dominance around 0.54% in the entire crypto ecosystem. Bitcoin Cash continues to offer dynamic price movements, making it an asset to watch for both volatility and growth potential.
Our full review of the cryptocurrency Bitcoin Cash
Have Bitcoin Cash’s recent market dynamics, escalating utility, and network maturity positioned it for a pivotal revaluation within the digital payments ecosystem? Over the past three years, we have meticulously analyzed Bitcoin Cash’s performance by leveraging on-chain analytics, technical indicators, trading data and sector benchmarks through our proprietary quant models. So, why might Bitcoin Cash once again represent a strategic entry point for investors aiming to capitalize on the evolving digital currency landscape in 2025?
Recent Performance & Market Context
Price Evolution
Bitcoin Cash (BCH) has exhibited noticeable price appreciation in the current cycle, most recently trading near 470 USD, up over +90% since the start of 2024. This performance reflects a sustained recovery from post-2021 lows and places BCH securely back among the ten most traded cryptoassets on several leading global exchanges.
Positive Recent Events
- Protocol Upgrades: The May 15, 2024 scheduled network upgrade, which integrated adaptive blocksize and further optimized transaction processing, catalyzed renewed institutional and retail flows.
- Exchange Listings: Immediate post-upgrade saw notable exchange integrations, improving BCH’s global liquidity and market reach.
- Network Milestones: BCH surpassed 88 million total transactions in early 2024, underscoring expanding adoption for peer-to-peer payments.
Macro & Sectoral Tailwinds
- Digital Payments Momentum: Macro demand for decentralized, low-fee transacting is rising, supported by a $100+ billion remittances market and growing merchant adoption.
- BTC Fees & Scalability: Episodes of Bitcoin network congestion and soaring transaction fees have reignited interest in BCH as an efficient payments alternative.
- Increasing Crypto Institutionalization: As institutional adoption of cryptocurrencies deepens, well-established Layer 1s like BCH stand to attract new capital looking for diversification beyond BTC and ETH.
Technical Analysis
Key Crypto Indicators
- RSI (Relative Strength Index): BCH’s daily RSI hovers near 57—comfortably mid-range—suggesting upward momentum without immediate overextension.
- MACD: The MACD histogram remains in positive territory, confirming continued bullish divergence since Q1 2024.
- Moving Averages: Both the 50-day and 100-day simple moving averages (SMA) currently trend upwards, with price consolidating above these levels—a strong medium-term bullish structure.
Robust Support & Reversal Signals
- Support Levels: 420 USD has established itself as a resilient technical floor; any major retracement typically finds buyers at this zone.
- Bullish Structure: The 2024 pattern shows higher highs and higher lows—textbook evidence of bullish momentum.
- Short/Mid-Term Momentum: Price action has consolidated in a tightening range, often a prelude to significant directional moves.
Momentum & Structure
The confluence of on-chain transaction growth, healthy volume spikes, and improving market sentiment signals a fertile environment for upward price extension in the months ahead.
Fundamental Analysis
Expanding Adoption & Growing Ecosystem
- Merchant Acceptance: Over 175,000 global retailers now accept BCH, notably in LATAM and Asia-Pacific, driving real-world transactions.
- Protocol Resilience: BCH’s adaptive blocksize scalability and sub-cent transaction fees distinguish it from congestion-prone networks.
- Strategic Partnerships: Collaborations with payment gateways (e.g., BitPay, Coins.ph) and integration with e-commerce infrastructure boost BCH’s real-world traction.
Attractive Valuation Metrics
- Market Cap: Currently around $9.4 billion, BCH’s capitalization remains modest relative to major layer-1 peers, implying potential re-rating as adoption accelerates.
- FDV (Fully Diluted Valuation): With all coins in circulation and no scheduled emissions, supply overhang risk is minimal.
- Network Activity: On-chain metrics—transaction count, active addresses—consistently trend higher, fortifying the bull case.
Structural Strengths
- Innovative Technology: Recent protocol upgrades improve throughputs, security and DeFi compatibility, keeping BCH technologically relevant.
- Active Community: An engaged developer and user base supports frequent ecosystem enhancements.
- Market Differentiation: Clear positioning as a scalable, payments-focused chain differentiates BCH from speculative, throughput-limited Layer 1 competitors.
Volume & Liquidity
- High Exchange Volume: Active daily volumes often exceed $500 million, underscoring robust trading activity and market confidence.
- Liquidity: BCH is listed on all top global exchanges—Coinbase, Binance, Kraken, Bybit—minimizing slippage for large orders.
Dominance & Positioning
- Top-15 Crypto: BCH has retaken a prominent position in the top-15 global cryptoassets by both market cap and volume.
- Payments Niche: Within the rapidly digitalizing payments sector, BCH is one of few established blockchains optimized specifically for handling frictionless, everyday transactions.
Catalysts & Positive Outlook
- Planned Protocol Upgrades: Further improvements—like Schnorr signature rollouts and privacy enhancements—are anticipated in 2025.
- DeFi & Layer-2 Integration: BCH ecosystem projects are expanding into DeFi, NFT and bridging solutions, unlocking new utility and capital flows.
- Regulatory Environment: Clearer global guidance around utility cryptocurrencies could attract institutional allocators as compliance confidence grows.
- Emerging Markets Usage: BCH’s role in LATAM and African P2P commerce continues to expand, reinforcing its status as a viable cash-like asset.
Investment Strategies According to Time Horizon
Short-Term (Next 3-6 months)
- Momentum Play: Recent bullish technicals, combined with rising volume and major support at $420, suggest that technical pullbacks toward this level could offer optimal entry.
- Event Catalyst: Anticipation of protocol improvements and potential positive regulatory news may drive near-term upside.
Medium-Term (6-18 months)
- Cycle Positioning: With BCH lagging behind BTC and ETH in the previous run, valuation catch-up may drive superior relative outperformance.
- Ecosystem Growth: Ongoing integrations with merchants, DeFi expansion, and new payment corridors are likely to attract incremental capital inflows.
Long-Term (24+ months)
- Secular Adoption: As decentralization and digital payments penetrate mainstream finance, BCH appears structurally positioned to benefit from multi-year adoption tailwinds.
- Portfolio Diversification: For investors seeking exposure beyond BTC to a fundamentally sound, utility-driven Layer 1, BCH warrants close consideration.
- Entry Timing: Technically, entries near key moving average supports or ahead of major upgrades/events have historically offered strong asymmetric risk/reward.
Bitcoin Cash Price Forecast
Year | Projected Price (USD) |
---|---|
2025 | 611 USD |
2026 | 819 USD |
2027 | 1,080 USD |
2028 | 1,417 USD |
2029 | 1,778 USD |
Is Now the Right Time to Consider Bitcoin Cash?
Bitcoin Cash demonstrates a compelling combination of technical strength, growing real-world adoption, and a supportive macro backdrop—all foundational factors for a strategic allocation within a diversified crypto portfolio. The asset’s deep liquidity, expanding DeFi and payments ecosystem, and ongoing protocol innovation underpin a positive outlook that justifies renewed investor attention. As market participants increasingly seek scalable, fee-efficient Layer 1 solutions, the case for Bitcoin Cash’s leadership in digital payments grows ever more persuasive.
In summary, the current risk/reward profile of Bitcoin Cash seems highly attractive for both active traders and long-term investors. The convergence of robust technical signals, strengthening fundamentals, and clear sectoral catalysts suggests BCH could well enter a new bullish phase, offering a promising gateway to capitalize on the accelerating adoption of cryptocurrency payments worldwide.
Bitcoin Cash remains a high-volatility asset with dynamic investment opportunities that require prudent risk management. Recent price acceleration highlights BCH’s ability to produce rapid, robust moves—yet shifting macro conditions demand selective positioning. Key technical levels to monitor are $420 as immediate support and $560 as major resistance, while the upcoming protocol upgrade scheduled for mid-2025 could act as a decisive catalyst for Bitcoin Cash’s next market phase.
How to buy Bitcoin Cash?
It is simple and secure to purchase the cryptocurrency Bitcoin Cash (BCH) online in Canada using a regulated platform. Investors can typically choose between two main methods: direct (spot) purchase—where you own the asset in your wallet—or trading via crypto CFDs, where you do not hold the actual coins but speculate on their price movements. Each approach has its own costs and benefits, which can impact your investment decisions. For a detailed comparison of trusted Canadian platforms, consult the comparative table further down this page.
Spot Purchase
Buying Bitcoin Cash “on the spot” means that you become the actual owner of BCH tokens, stored in your crypto wallet. This is the classic method for investing in cryptocurrency. On Canadian exchanges, spot purchases usually incur a flat commission per transaction, often between CAD $3 and $5, depending on the platform.
Informations importantes
Example: Suppose the current price of Bitcoin Cash is CAD $500 per coin. With an investment of CAD $1,000, accounting for a typical $5 transaction fee, you can acquire approximately 1.99 BCH.
✔️ Gain scenario: If the price of BCH rises by 10%, your portfolio value increases to CAD $1,100.
Result: A gross gain of CAD $100, or +10% on your initial investment.
Trading via CFD
Trading Bitcoin Cash via Contracts for Difference (CFDs) means you do not own the underlying coins—instead, you take a position on whether the price of BCH will go up or down. This method is often chosen for short-term profit strategies and allows use of leverage. The main fees are the spread (the gap between buy and sell price) and, if the position stays open overnight, a small daily financing charge.
Informations importantes
Example: You open a CFD position on BCH with CAD $1,000 and apply a 5x leverage. This gives you exposure to $5,000 worth of Bitcoin Cash.
✔️ Gain scenario: If BCH increases by 8%, your position gains 8% × 5 = 40%.
Result: That’s a gross gain of CAD $400 on your initial $1,000 stake (before fees).
Final Tip
Before you invest, it’s essential to compare the fees, available features, and service conditions of each platform to find the one that best fits your needs. The right choice depends on your investment goals, risk tolerance, and experience level. For an in-depth comparison of leading Canadian platforms where you can buy or trade Bitcoin Cash, see the chart further below on this page.
Compare the best cryptocurrency exchange platforms in Canada!Compare platforms nowOur 7 tips for buying Bitcoin Cash
Step | Specific advice for Bitcoin Cash |
---|---|
Analyze the market | Carefully review the current and historical price of Bitcoin Cash, considering volatility and trends specific to BCH. |
Choose the right exchange platform | Select a Canadian crypto exchange with strong security, competitive fees, CAD support, and established BCH liquidity. |
Set your investment budget | Identify how much you can invest, factoring in your financial goals and the inherent volatility of Bitcoin Cash. |
Select your strategy (short or long term) | Decide if you prefer holding BCH for future growth or trading on shorter trends, based on your risk appetite. |
Monitor news and technological updates | Stay informed about Bitcoin Cash upgrades, network changes, and regulatory news affecting Canadian crypto assets. |
Use risk management tools | Employ stop-loss orders, allocate only a portion of your portfolio to BCH, and avoid leverage to manage potential loss. |
Sell at the right time | Set profit targets and monitor the market to sell BCH strategically, avoiding emotional decisions and FOMO. |
The latest news on Bitcoin Cash
Bitcoin Cash achieved a major price surge, outperforming most large-cap cryptocurrencies during the last week. The past seven days have seen BCH gain over 25%, making it one of the best performers among major digital assets according to data from CoinGecko and Messari. This bullish momentum has drawn renewed interest from both retail and institutional investors, with Canadian trading volumes on platforms such as Bitbuy and Coinsquare reportedly increasing considerably. The price surge is attributed in part to increased adoption, positive developer activity, and the overall bullish sentiment in the altcoin sector following Bitcoin's recent price stabilization.
Canadian investment platforms report an uptick in BCH activity and new user sign-ups. Regulated Canadian exchanges have observed higher trading volumes and a surge in new account registrations specifically linked to Bitcoin Cash. Bitbuy, which recently expanded its educational outreach about BCH, has seen user engagement about this asset triple compared to the previous month. The boost is partially credited to increased mainstream media coverage of cryptocurrencies in Canada and BCH's growing perception as a practical alternative for fast, lower-cost transactions.
Bitcoin Cash payment integration is being piloted by Canadian-based merchants through a new initiative. Earlier this week, the prominent payment processor CoinPayments announced a pilot program in partnership with several Canadian retailers, enabling BCH transactions at point-of-sale. Merchants in Vancouver and Toronto are among the first to test this system, which aims to streamline crypto payments for daily purchases. This initiative is expected to enhance BCH’s legitimacy as a “usable currency” and not merely as an investment, building on its reputation for rapid settlement times and low fees.
Canada’s regulatory clarity continues to stimulate institutional interest in compliant crypto offerings, including BCH funds. Canadian regulators have maintained a progressive but cautious stance, fostering an environment where professionally-managed BCH investment products are available to the public. Purpose Investments’ officially regulated Bitcoin Cash fund has reported increased inflows this week, signaling that institutional players are opting for regulated exposure. Legal clarity and strong custody solutions remain key enablers for this trend, making it easier for Canadian pension funds and family offices to add BCH to their portfolios.
Recent network upgrades to Bitcoin Cash have been well-received in Canadian developer communities, supporting innovation. The network’s recent upgrade, active since mid-May, improved the efficiency and reliability of transaction processing. According to developers affiliated with Canadian blockchain associations, this has reduced concerns over network congestion and made BCH a more attractive option for integration into payment and remittance solutions being trialed in Canada. This technical progress is regarded as a foundational pillar for further adoption and positive sentiment in the country’s crypto ecosystem.
FAQ
What is the latest staking yield for Bitcoin Cash?
Bitcoin Cash (BCH) does not currently offer a staking mechanism. This network operates on a Proof of Work (PoW) protocol, similar to Bitcoin, and therefore does not allow traditional staking as found on Proof of Stake blockchains. However, BCH holders can explore other ways to generate passive income, such as lending or liquidity pools on certain partner platforms. This particularity reflects the project's technical focus on fast and decentralized payments.
What is the forecast for Bitcoin Cash in 2025, 2026, and 2027?
At the current price of around 600 CAD, optimistic projections estimate the value of Bitcoin Cash at about 900 CAD by the end of 2025, 1,200 CAD by the end of 2026, and 1,800 CAD by the end of 2027. This evolution reflects the growing interest in Bitcoin Cash, especially due to its adoption for fast and low-cost payments, as well as the resilience of its community. The constant development of applications and services around BCH also helps fuel this growth potential.
Is it a good time to buy Bitcoin Cash?
Bitcoin Cash enjoys a strong reputation in the market for cryptocurrencies focused on fast payments and low transaction fees. Its increasing adoption among online merchants strengthens its everyday usefulness, while industry changes are leading investors to reconsider alternative cryptos to Bitcoin. Adding Bitcoin Cash to a diversified portfolio can provide exposure to the potential growth of decentralized payment solutions.
What taxes apply to capital gains from Bitcoin Cash in Canada?
In Canada, gains from the sale of Bitcoin Cash are considered capital gains and are taxed as such: 50% of the gain is added to taxable income. There is no specific exemption for cryptocurrencies. Reporting these gains is mandatory even for small amounts, and it is essential to keep a record of all transactions. The tax regime, however, varies if crypto activity is considered professional trading.
What is the latest staking yield for Bitcoin Cash?
Bitcoin Cash (BCH) does not currently offer a staking mechanism. This network operates on a Proof of Work (PoW) protocol, similar to Bitcoin, and therefore does not allow traditional staking as found on Proof of Stake blockchains. However, BCH holders can explore other ways to generate passive income, such as lending or liquidity pools on certain partner platforms. This particularity reflects the project's technical focus on fast and decentralized payments.
What is the forecast for Bitcoin Cash in 2025, 2026, and 2027?
At the current price of around 600 CAD, optimistic projections estimate the value of Bitcoin Cash at about 900 CAD by the end of 2025, 1,200 CAD by the end of 2026, and 1,800 CAD by the end of 2027. This evolution reflects the growing interest in Bitcoin Cash, especially due to its adoption for fast and low-cost payments, as well as the resilience of its community. The constant development of applications and services around BCH also helps fuel this growth potential.
Is it a good time to buy Bitcoin Cash?
Bitcoin Cash enjoys a strong reputation in the market for cryptocurrencies focused on fast payments and low transaction fees. Its increasing adoption among online merchants strengthens its everyday usefulness, while industry changes are leading investors to reconsider alternative cryptos to Bitcoin. Adding Bitcoin Cash to a diversified portfolio can provide exposure to the potential growth of decentralized payment solutions.
What taxes apply to capital gains from Bitcoin Cash in Canada?
In Canada, gains from the sale of Bitcoin Cash are considered capital gains and are taxed as such: 50% of the gain is added to taxable income. There is no specific exemption for cryptocurrencies. Reporting these gains is mandatory even for small amounts, and it is essential to keep a record of all transactions. The tax regime, however, varies if crypto activity is considered professional trading.