Bitcoin Cash Surges, Closes Gap with Cardano Amid $50M Institutional Buy

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In accordance with BitJie, Bitcoin Cash (BCH) has shown the strongest performance this week, outperforming all major cryptocurrencies and narrowing its market cap gap with Cardano (ADA). Over the past seven days, BCH rose over 10%, becoming the only major coin with a positive weekly return, while Bitcoin, Ethereum, and others declined. MFI International Limited, a Hong Kong-based fintech firm, announced a $50 million investment in BCH as part of its new digital asset strategy, fueling the surge. BCH’s price reached $544, with a market cap of $108 billion, significantly closing the $39 billion gap with ADA’s $147 billion valuation.

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