Bitcoin Cash (BCH) Surges 61,561% Amid Short Liquidation Imbalance

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Bitcoin news broke as Bitcoin Cash (BCH) jumped over 61,561% in 24 hours, outpacing the broader crypto market. The price surged past $600, triggering $169,260 in short liquidations in four hours. BCH hit $616.30 before pulling back due to weak volume. RSI at 56 shows a neutral stance. ShapeShift CEO Erik Voorhees reactivated an old ETH wallet and moved funds to BCH. Bitcoin analysis suggests BCH could challenge Cardano (ADA), which has dropped 18.24% in 30 days.
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