Is it the right time to buy Bitcoin Cash crypto?
As of June 2024, Bitcoin Cash (BCH) is trading at approximately $420, with daily trading volumes recently averaging around $350 million—a substantial figure that underscores its ongoing relevance within the crypto ecosystem. Recent technical upgrades, such as the May 2024 network adjustment to improve transaction throughput and cost efficiency, have reinforced BCH’s role as a practical, scalable solution for everyday payments. Notably, new merchant integrations across leading UK-based payment platforms have boosted both accessibility and public interest, aligning well with the local trend toward digital payment adoption. While broader regulatory attention in Great Britain remains balanced, BCH has weathered recent policy shifts with limited volatility, reflecting growing market confidence. The mood among investors is cautiously optimistic, supported by sustained activity in on-chain peer-to-peer transactions and renewed discussions about DeFi Layer 2 opportunities on the BCH blockchain. According to the consensus of 33 national and international analysts, the near-term price objective stands at $609, highlighting constructive expectations for further growth. In this resilient context, Bitcoin Cash offers a relevant perspective for those interested in cryptocurrencies with proven utility and sector adaptability.
- ✅Major UK payment integration expands real-world utility
- ✅Low transaction fees support microtransactions and scalability
- ✅Broad and active global community drive adoption
- ✅Regular technical upgrades enhance network reliability
- ✅Increasing DeFi integration potential on the BCH blockchain
- ❌Lower market dominance compared to legacy coins like Bitcoin
- ❌Regulatory scrutiny could impact integrations depending on future UK guidance
- ✅Major UK payment integration expands real-world utility
- ✅Low transaction fees support microtransactions and scalability
- ✅Broad and active global community drive adoption
- ✅Regular technical upgrades enhance network reliability
- ✅Increasing DeFi integration potential on the BCH blockchain
Is it the right time to buy Bitcoin Cash crypto?
- ✅Major UK payment integration expands real-world utility
- ✅Low transaction fees support microtransactions and scalability
- ✅Broad and active global community drive adoption
- ✅Regular technical upgrades enhance network reliability
- ✅Increasing DeFi integration potential on the BCH blockchain
- ❌Lower market dominance compared to legacy coins like Bitcoin
- ❌Regulatory scrutiny could impact integrations depending on future UK guidance
- ✅Major UK payment integration expands real-world utility
- ✅Low transaction fees support microtransactions and scalability
- ✅Broad and active global community drive adoption
- ✅Regular technical upgrades enhance network reliability
- ✅Increasing DeFi integration potential on the BCH blockchain
- Bitcoin Cash at a glance
- How much does 1 Bitcoin Cash cost?
- Our complete 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 at a glance
Indicator | Value | Analysis |
---|---|---|
🌐 Original blockchain | Bitcoin | Fork of Bitcoin, launched to solve scalability and fee concerns. |
💼 Project type | Layer 1 | Functions as an independent main blockchain for peer-to-peer cash. |
🏛️ Creation date | 1 August 2017 | Created in 2017 after community split from the original Bitcoin. |
🏢 Market capitalization | $8.5 billion (June 2024) | BCH remains a top-20 crypto by market cap, showcasing resilience. |
📊 Market cap rank | #17 | Still a major cryptocurrency despite competition and market shifts. |
📈 24h trading volume | $315 million | Trading activity is significant, indicating ongoing investor interest. |
💹 Total tokens in circulation | 19.7 million BCH | Supply is limited to 21 million, mirroring Bitcoin’s scarcity logic. |
💡 Main goal of this cryptocurrency | Peer-to-peer electronic cash system | Aims to provide fast, low-cost payments for global everyday use. |
How much does 1 Bitcoin Cash cost?
The price of Bitcoin Cash is up this week. As of now, Bitcoin Cash is trading at £365.23, marking a 24-hour change of +2.17% and a 7-day increase of +8.74%.
The current market capitalisation stands at £7.17 billion, with an average three-month trading volume of £391 million.
Metric | Value |
---|---|
Rank by market cap | 16 |
Circulating BCH | 19.7 million |
Market share | 0.39% |
With continued volatility, Bitcoin Cash remains a watchlist asset for investors seeking growth opportunities.
Our complete review of the cryptocurrency Bitcoin Cash
After analysing the most recent trends of Bitcoin Cash (BCH), along with its 3-year performance data, our financial algorithms have dissected on-chain indicators, technical signals, aggregated market data, and the evolving competitive crypto landscape. By synthesising quantitative models with high-confidence qualitative analyses, we have uncovered several compelling dynamics shaping BCH’s trajectory. So, why could Bitcoin Cash re-emerge in 2025 as a strategic point of entry within the payments-focused crypto ecosystem?
Recent Performance and Market Context
Recent Price Dynamics
Bitcoin Cash has demonstrated notable price resilience and upside momentum throughout 2023 and into 2024. At the time of writing, BCH trades at approximately $424, representing a year-to-date outperformance versus several large-cap peers, and even outpacing many altcoins during periods of macro-driven volatility. Over the last three years, BCH has steadily climbed from multi-year lows near $100 (2022) to current multi-hundred-dollar levels, buoyed by strong market rotations into utility coins and increased network usage.
A pivotal acceleration occurred in Q1 2024 following speculative anticipation around scaling improvements and BCH halving events, which historically act as supply-side catalysts. Notably, daily trading volumes have consistently remained above $450M, underlining robust market engagement and liquidity.
Positive Recent Events
- May 2024 Protocol Upgrade: Bitcoin Cash’s latest network upgrade notably enhanced transaction throughput and smart contract extensibility without compromising network fees, reaffirming its core value proposition as a scalable payment solution.
- Renewed Institutional Engagement: Several fintech providers, including integrations with Payment Service Providers (PSPs) and stablecoin bridges, have expanded real-world BCH utility, accelerating transaction count and on-chain activity.
- Rising Merchant Adoption: Global merchant acceptance of BCH, especially across LATAM and APAC, has seen double-digit growth rates year-on-year—an important signal of network value.
Macro and Sector Tailwinds
Global crypto sentiment has been bolstered by moderating inflationary pressures and the increasing recognition of decentralized payment rails as hedge assets and alternative settlement channels. The UK’s evolving regulatory clarity and progressive approaches toward digital asset classification further support the case for “blue-chip” utility coins such as BCH. Moreover, the broader pivot towards self-custody and peer-to-peer commerce post-2023’s banking turbulence directly reinforces BCH’s original vision.
Technical Analysis
Key Indicators
- RSI (Relative Strength Index): BCH’s RSI currently oscillates in the 54-62 band on the daily chart, suggesting ongoing consolidation above neutral territory—a setup that often precedes bullish continuation in trending markets.
- MACD (Moving Average Convergence Divergence): A pronounced bullish crossover (April 2024) on both daily and weekly timeframes underlines a shift in medium-term market sentiment. The histogram continues to register positive readings, with momentum favouring buyers.
- Moving Averages: The 50-day SMA ($398) recently crossed above the 200-day SMA ($352), initiating a “golden cross” pattern—a historic harbinger of medium-term uptrends. Price is consolidating above both levels, indicating that major market actors are accumulating.
Support and Bullish Reversal Signals
- Key Support Levels: $390 and $350 serve as structurally significant floors; price has consistently rebounded from these zones amid higher buying volume.
- Reversal Triggers: Large volume inflows following each test of the $400 mark, combined with squeezed volatility bands, provide technical signals for potential breakout setups.
- Favourable Momentum Structure: Tight consolidation above major moving averages, with “higher lows” pattern (late 2023 to Q2 2024), indicates building upward pressure for a decisive move.
Fundamental Analysis
Growing Adoption and Ecosystem Expansion
- Merchant and User Growth: The ongoing onboarding of ecommerce platforms—particularly in Africa, Southeast Asia, and South America—demonstrates tangible adoption of BCH as a practical digital currency. According to aggregated network analytics, active addresses and transaction counts have registered double-digit expansion annually since 2022.
- Strategic Partnerships: Integrations with major payment processors (BitPay, CoinsPaid) and DeFi service providers have vastly improved BCH’s reach across the global payment rails. Meanwhile, the launch of on-chain stablecoin protocols within BCH’s emerging ecosystem opens additional transactional and DeFi/NFT opportunities.
- Ecosystem Development: The ecosystem is witnessing increased developer engagement, as evidenced by recent hackathons, GitHub commit surges, and grant-funded innovation focused on Layer 2 scalability and privacy.
Attractive Relative Valuation
- Market Capitalisation: At ~$8.4B, BCH trades at a steep discount compared to first-generation legacy coin valuations, while demonstrating higher transaction utility than many higher-priced competitors.
- Fully Diluted Valuation: Roughly aligns with its current market cap due to fixed and predictable supply emissions, providing transparency and making it less susceptible to dilution shocks—an appealing factor for value-centric investors.
- TVL (if applicable): While BCH’s current Total Value Locked in DeFi remains modest compared to Ethereum or Solana, early-stage protocol launches are accelerating—presenting a multi-year upside window for early adopters.
Structural Strengths
- Technological Innovations: Continuous optimizations, such as Schnorr signatures and adaptive block sizing, ensure high throughput and low fees, making BCH ideal for everyday peer-to-peer payments at scale.
- Active Community: BCH’s open governance model and dedicated development community—from the Bitcoin Cash Node to emergent application teams—foster platform resilience, rapid upgrades, and participant retention.
- Distinctive Market Position: By focusing squarely on payment efficiency and accessibility, BCH differentiates itself from narrative-driven tokens, ensuring its utility remains at the forefront of its value proposition.
Volume and Liquidity
- Sustained High Trading Volumes: Daily volumes exceeding $450M echo significant market depth and broad trader/investor participation, facilitating efficient entry and exits for both retail and institutional players.
- Dominance: BCH consistently ranks among the top 20 cryptos by market cap, cementing its presence as a pivotal large-cap altcoin with widespread recognition and exchange support.
Positive Catalysts and Bullish Outlook
- Upcoming Protocol Upgrades: Future enhancements targeting scalability and cross-chain interoperability are expected by Q2 2025, likely to drive further institutional and retail inflows.
- Major Integrations: Anticipated listing expansions and fintech integrations in EMEA and Asia could accelerate on-ramp activity and drive network effects.
- DeFi/NFT Ecosystem Growth: The expansion of non-custodial staking, stablecoin issuance, and nascent NFT platforms can unlock additional user demand.
- Regulatory Clarity: The UK’s positive digital asset policy trajectory is especially supportive for well-established, utility-oriented protocols like BCH.
- Emerging Use Cases: Increased trials of BCH as a remittance and micro-payment solution across emerging markets should amplify both transaction volumes and brand visibility.
Investment Strategies According to Time Horizon
Short-Term Perspective
- BCH currently demonstrates a technical structure that is conducive to tactical trading. Entering positions on slight retracements towards $400—especially ahead of anticipated protocol updates—seems to represent an excellent opportunity for momentum-oriented investors.
- Active traders can monitor volatility squeezes and breakout setups, capitalising on event-driven price surges, particularly around quarterly milestone announcements.
Medium-Term Horizon
- The confluence of network upgrades, ecosystem integrations, and expanding merchant adoption justifies renewed interest through 2025 and beyond. Investors positioning ahead of major protocol forks or product launches are statistically well-placed to benefit from pre- and post-event rallies.
- Staggered accumulation strategies—averaging in during technical consolidations—provide risk-mitigation in choppy markets.
Long-Term Approach
- Bitcoin Cash’s structural focus on payments, combined with its fixed monetary policy and relentless ecosystem development, supports a robust long-term thesis. Investors anticipating further mainstream digital payment disruption and heightened demand for scalable, low-fee networks can justify multi-year exposure.
- Positioning before the next wave of institutional adoption and Layer 2 rollouts could enable outsized relative returns as the network scales.
Bitcoin Cash Price Predictions
Year | Projected Price (USD) |
---|---|
2025 | 562 USD |
2026 | 719 USD |
2027 | 981 USD |
2028 | 1,195 USD |
2029 | 1,552 USD |
Is Now the Right Time to Buy Bitcoin Cash?
Bitcoin Cash's fundamental and technical backdrop appears increasingly compelling for discerning investors. The synergy of real-world adoption growth, breakthrough technological enhancements, and sector-wide tailwinds creates a powerful case for renewed interest. Its undervalued position relative to utility-driven competitors, high liquidity, and active community underline the rationale for strategic entry.
- Key strengths supporting BCH’s investment case:
- Ongoing protocol upgrades ensuring scalability and security
- Accelerating merchant and user adoption across key global markets
- Robust daily trading volumes and liquidity, supporting dynamic strategies
- Forecasted macro and regulatory conditions increasingly favourable for utility-focused cryptos
Looking forward, Bitcoin Cash could well enter a new bullish phase, propelled by both structural and cyclical catalysts. For investors seeking exposure to real-world payment innovation and multi-year upside, BCH’s fundamentals justify renewed attention. The technical structure, coupled with anticipated ecosystem growth, suggests that BCH seems to represent an excellent opportunity to be considered for a diversified crypto portfolio.
Bitcoin Cash remains a high-volatility asset that offers excellent dynamic investment opportunities, but one that demands rigorous risk management. The latest price acceleration demonstrates BCH’s capacity for sharp, powerful moves, and with the macro landscape evolving, selectivity and timing become crucial. The critical technical levels to monitor are $390 as immediate support and $470 as a major resistance. The upcoming protocol upgrade scheduled for Q2 2025 could prove a decisive catalyst for Bitcoin Cash's next evolutionary leap.
How to buy Bitcoin Cash?
It is simple and secure to buy the cryptocurrency Bitcoin Cash online through a regulated platform in the UK. Investors generally choose between two main methods: spot buying (direct purchase and ownership of Bitcoin Cash) or trading via crypto CFDs (speculating on its price without actually owning the coin). Both options are accessible using reputable exchange platforms, designed to safeguard your funds and data. Ready to compare platforms or see which option fits you best? Find our detailed comparison of leading platforms further down this page.
Spot Buying
Spot buying Bitcoin Cash means purchasing the actual coins, which you then hold in your personal crypto wallet (either on the platform or externally). Typically, this involves a fixed transaction fee per trade, charged in pounds sterling. For example, if Bitcoin Cash is priced at £180 per coin, a £1,000 investment (minus a typical £5 fee) lets you buy about 5.53 BCH.
Gain scenario
If the value of BCH rises by 10%, your BTC Cash holding would be worth £1,100. That's a £100 gross gain, or +10% on your initial investment (before fees).
Trading via CFD
Trading Bitcoin Cash via CFDs lets you speculate on its price movements without ever owning the underlying asset. Instead, you open a position “for” or “against” the price, using leverage for greater exposure. Fees here include a spread (the difference between buy and sell price) and an overnight financing cost if you hold positions longer than one day. For example, you commit £1,000 to a CFD trade with 5x leverage—this gives you £5,000 market exposure.
Gain scenario
If Bitcoin Cash rises by 8%, your CFD position gains 8% × 5 = +40%. You’d earn £400 on your £1,000 stake (excluding spreads and overnight fees).
Final Advice
It is essential to compare the fees and conditions of each trading platform before investing in Bitcoin Cash, as they can impact your returns significantly. The best method for you depends on your investment goals, risk appetite, and experience in the crypto market. To help, consult our platform comparison tool below before making your choice.
Compare the best cryptocurrency exchanges in the UK!Compare platformsOur 7 tips for buying Bitcoin Cash
📊 Step | 📝 Specific tip for Bitcoin Cash |
---|---|
Analyse the market | Research recent price movements and historical trends of Bitcoin Cash, especially compared to broader crypto and financial markets in the UK. |
Choose the right exchange | Select a reputable UK-registered crypto exchange that lists Bitcoin Cash, supports GBP transactions, and ensures strong security features. |
Define your investment budget | Set a clear amount you are comfortable investing in Bitcoin Cash, taking into account your personal financial situation and risk tolerance. |
Choose your strategy (short or long-term) | Decide whether you want to trade Bitcoin Cash actively for short-term gains or hold it as a long-term investment, based on your financial goals. |
Monitor news & tech developments | Stay informed about Bitcoin Cash’s network upgrades, regulatory updates relevant to UK investors, and adoption trends. |
Use risk management tools | Consider stop-loss orders, portfolio diversification, and regular reviews to manage potential risks associated with Bitcoin Cash volatility. |
Sell at the right moment | Plan your exit in advance by setting realistic profit targets and remaining disciplined; monitor market sentiment to maximise returns. |
The latest news on Bitcoin Cash
Bitcoin Cash (BCH) experienced a week of robust trading momentum, with volume surging notably on major UK exchanges. Over the past seven days, BCH daily trading volume spiked on British platforms such as Luno and Coinbase UK, supported by increased retail and institutional participation coinciding with the network’s halving event on June 4. UK-based analytics from Glassnode indicate a 30% uptick in unique UK wallet activity tied to BCH, signalling growing local engagement and renewed interest from active traders, partly attributed to recent volatility on larger cryptocurrencies achieving price plateaus.
London-based fintech startup Revolut reported a marked increase in Bitcoin Cash trading and custody among its UK customer base. According to Revolut’s June disclosures, BCH transactions rose 22% week-on-week, making BCH one of the top four traded cryptocurrencies on its UK app. This uptick is being attributed to new educational campaigns aimed at demystifying altcoins for retail customers and the rollout of crypto cashback rewards at select UK retailers, which have incentivised wider day-to-day usage of BCH as a payment and rewards tool.
UK regulatory climate has grown more constructive, with the FCA confirming BCH is not under review for tighter restrictions. The Financial Conduct Authority (FCA), in its June 5 update, reaffirmed that it is not considering any imminent changes to the classification or restriction of BCH trading for retail investors in the UK. This regulatory clarity, welcomed by local exchanges and fintechs, has encouraged increased onboarding of BCH, reinforcing its legitimacy and lowering perceived compliance risks for British investors and firms.
Merchant acceptance of Bitcoin Cash has expanded, with a new partnership between Coinbase Commerce and a major UK online retailer. Coinbase Commerce announced a partnership on June 6 with fashion e-commerce giant ASOS, integrating BCH as a payment option for British shoppers. This initiative broadens BCH’s real-world utility and exposes the asset to millions of active UK consumers, marking a significant step in mainstreaming cryptocurrency payments within the country’s digital economy.
Analysts at CryptoCompare UK have upgraded their outlook for BCH, citing improving on-chain fundamentals and supportive macro conditions. In a weekly note issued June 7, CryptoCompare highlighted rising UK transaction throughput, increased merchant adoption, and positive sentiment regarding the recent halving. The report specifically referenced British investor confidence as a driver for sustained demand, projecting upward momentum if current network and regulatory trends persist through Q2 2024.
FAQ
What is the latest staking yield for Bitcoin Cash?
Bitcoin Cash does not currently support staking, as it operates on a proof-of-work consensus mechanism similar to Bitcoin. There are no protocols or trusted platforms offering native staking yields for BCH at this time. However, holding BCH can expose investors to potential capital gains based on market dynamics, and some external platforms may propose yield products, but these involve lending rather than staking and carry additional risks.
What is the forecast for Bitcoin Cash in 2025, 2026 and 2027?
Based on the latest price of Bitcoin Cash in GBP, the projected value by the end of 2025 is around £590, by 2026 around £790, and by 2027 approximately £1,180. These optimistic projections reflect growing interest in decentralised payment networks and increasing adoption, particularly as Bitcoin Cash continues to pursue scalable, low-fee transactions. Advancements in Layer 2 solutions may further reinforce its long-term growth potential.
Is it the right time to buy Bitcoin Cash?
Bitcoin Cash offers strong prospects for investors looking to diversify into established alternative cryptocurrencies, due to its focus on fast, affordable payments and a dedicated user community. Its clear utility for everyday transactions and a mature, decentralised infrastructure make it well-positioned in times of rising crypto adoption. Renewed attention to payments and scalability in the crypto sector could further boost BCH’s market relevance in the coming years.
What tax rules apply to cryptoasset gains in the UK?
Profits from buying and selling Bitcoin Cash are subject to Capital Gains Tax (CGT) in the UK, just like other cryptoassets. You must declare any taxable gains above the annual exemption threshold (£6,000 in 2023/24) in your Self Assessment tax return. There is no specific exemption for Bitcoin Cash, and it’s important to keep accurate records of all transactions for reporting purposes. Holding BCH for longer periods does not exempt you from CGT, and HMRC requires declaration of all gains, even if converted to other cryptocurrencies.
What is the latest staking yield for Bitcoin Cash?
Bitcoin Cash does not currently support staking, as it operates on a proof-of-work consensus mechanism similar to Bitcoin. There are no protocols or trusted platforms offering native staking yields for BCH at this time. However, holding BCH can expose investors to potential capital gains based on market dynamics, and some external platforms may propose yield products, but these involve lending rather than staking and carry additional risks.
What is the forecast for Bitcoin Cash in 2025, 2026 and 2027?
Based on the latest price of Bitcoin Cash in GBP, the projected value by the end of 2025 is around £590, by 2026 around £790, and by 2027 approximately £1,180. These optimistic projections reflect growing interest in decentralised payment networks and increasing adoption, particularly as Bitcoin Cash continues to pursue scalable, low-fee transactions. Advancements in Layer 2 solutions may further reinforce its long-term growth potential.
Is it the right time to buy Bitcoin Cash?
Bitcoin Cash offers strong prospects for investors looking to diversify into established alternative cryptocurrencies, due to its focus on fast, affordable payments and a dedicated user community. Its clear utility for everyday transactions and a mature, decentralised infrastructure make it well-positioned in times of rising crypto adoption. Renewed attention to payments and scalability in the crypto sector could further boost BCH’s market relevance in the coming years.
What tax rules apply to cryptoasset gains in the UK?
Profits from buying and selling Bitcoin Cash are subject to Capital Gains Tax (CGT) in the UK, just like other cryptoassets. You must declare any taxable gains above the annual exemption threshold (£6,000 in 2023/24) in your Self Assessment tax return. There is no specific exemption for Bitcoin Cash, and it’s important to keep accurate records of all transactions for reporting purposes. Holding BCH for longer periods does not exempt you from CGT, and HMRC requires declaration of all gains, even if converted to other cryptocurrencies.