Bitcoin Cash (BCH) ticks higher by over 3% at press time on Tuesday, marking a bullish start to July. A spike in BCH Open Interest supports the bullish technical outlook, suggesting a potential breakout from a rising channel pattern.
Cryptocurrencies are broadly recovering on Monday, extending gains from the weekend, which followed instability and heightened volatility on Friday as geopolitical tensions exploded in the Middle East. Bitcoin (BTC) hovers above $107,000, up over 4% from its Friday low of $102,664.
Bitcoin (BTC) and the broader crypto market declines in the early European session on Friday, with the top crypto by market capitalization sliding 3.2% in the last 24 hours, alongside Ethereum (ETH) and Solana (SOL), which dips 9% and 10%, respectively.