Bitcoin Cash Jumps 27.86% to $325.83 After CME Futures Confirmation
- —BCH rose 27.86% to $325.83, up 48.17% over the week
- —CME Group will launch BCH futures on October 19, pending regulatory review
- —Trading volume hit $935.98 million, 409.89% above the 30-day average
- —RSI at 78.7 indicates extreme overbought conditions
Why it matters: CME futures give institutions regulated exposure to BCH, but overbought conditions raise the risk of a near-term correction.
Source: DiarioBitcoin