This move is not just a short-term bounce. On the monthly BCH/BTC chart, BCH has broken above a key yearly resistance level  a significant technical breakout that strengthens the bullish outlook. Bitcoin Cash has also surpassed Zcash, re-entering the top 12 cryptocurrencies, which has further boosted market confidence.

Key Reasons Behind Bitcoin Cash’s Price Surge

BCH’s recent rally is supported by strong expectations tied to its medium-term roadmap. The development team plans to reduce block times from 10 minutes to 2 minutes by 2026. This improvement would dramatically increase transaction throughput, making Bitcoin Cash far more competitive for everyday payments and microtransaction use cases.

Another major upgrade in the pipeline is OP_EVAL, which aims to bring enhanced smart contract functionality to the BCH network. With this update, Bitcoin Cash could position itself as a low-cost alternative for DeFi applications. Additionally, the team is working on a unified protocol specification designed to make future upgrades smoother and more secure — helping the developer ecosystem grow in a scalable and cohesive way. These factors collectively strengthen long-term investor confidence.

Market Structure Shows Some Cautious Signals

Despite the strong price action, on-chain data reveals mixed signals that warrant caution. Increasing exchange inflows indicate that some investors may be using the rally as an opportunity to take profits. Liquidity remains thin across several networks, and some professional traders appear to be reducing exposure.

This suggests that the current surge is driven more by retail excitement rather than strong institutional accumulation or whale inflows. As a result, short-term volatility risk remains high. However, the sharp V-shaped recovery from $447 indicates that major players may have accumulated at the very bottom in recent weeks.

Key Technical Levels: Next Target at $580

Analysts highlight the $545–$550 range as critical for confirming continuation. If BCH holds above this zone, the next major target becomes $580. A clean breakout above 580 would open the door to increasingly aggressive upside scenarios:

• $621
• $684
• $768
• Above $1,100 (in high-momentum market conditions)

Bitcoin Cash is known for explosive rallies once it breaks major resistance levels, similar to previous bull cycles. This is why many investors believe the current structure resembles earlier large BCH breakouts.

Bitcoin Cash Back on the Radar With Strong Technical Backing

Thanks to large-scale technical improvements in its roadmap, upcoming smart contract upgrades, and significant speed optimizations, Bitcoin Cash has regained strong market attention. The breakout above high-timeframe resistance levels shows rising momentum and a supportive trend structure. Although short-term volatility remains a risk, the long-term outlook and ongoing project developments are viewed as highly positive.

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The post Why Did the Bitcoin Cash Price Rise Today? appeared first on Coin Engineer.

The Mt. Gox rehabilitation trustee announced that basic, early bulk, and interim repayments have been largely completed for creditors who completed the eligibility procedures.

However, many creditors have not completed the required steps, or issues during the process have prevented them from receiving payments. With court approval, the trustee postponed the final repayment date from October 31, 2025, to October 31, 2026. This marks the third revision of the originally scheduled repayment date, which was October 31, 2023.

History and Losses of Mt. Gox

Based in Tokyo, Mt. Gox quickly became one of the largest platforms for Bitcoin trading after its establishment in 2010. In 2014, a major security breach resulted in the loss of 850,000 BTC. This incident halted withdrawals and led the exchange to file for bankruptcy protection.

In September 2023, the trustee announced plans to return recovered assets to creditors, including 142,000 Bitcoin, 143,000 Bitcoin Cash, and a total of 69 billion Japanese Yen (around $510 million) in fiat currency. These repayments aim to restore a portion of the losses suffered in 2014.

Current Situation and Onchain Data

According to Arkham Intelligence, Mt. Gox’s wallets still hold around 34,689 BTC, valued at roughly $4 billion, awaiting distribution to creditors. Since mid-2024, many creditors have received partial repayments through exchanges like Kraken and Bitstamp. As of March 27, 2025, the trustee has completed repayments to approximately 19,500 creditors in Bitcoin and Bitcoin Cash.

Key Highlights:

• Repayment Date: October 2026

• Number of Creditors: Approximately 19,500

• BTC Still Held: 34,689 BTC (~$4 billion)

• Previous Repayment Dates: October 31, 2023 and October 31, 2025

• Payment Methods: Bitcoin and Bitcoin Cash

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Key Support: Bullish FVG Area

This support zone acts as an area of previously inefficient price action, where buyers may potentially step in. If this zone is lost to the downside, the next major support lies at $271, which aligns with historical reaction levels.

Breakout Scenario

If BCH receives a bullish reaction from this zone and manages to break the downtrend with strong volume, the first target will be $418 — a significant pivot zone that has acted as support/resistance in the past.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

A sustained move above $418 would open the door toward the next key resistance at $452, which has historically triggered major sell-offs.

BCH is currently trading at a pivotal technical zone. A breakdown could lead to further correction toward $271, while a breakout may initiate a trend reversal toward higher resistance levels. Traders should stay alert and prioritize risk management.

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The post Bitcoin Cash (BCH) Technical Analysis: Downtrend Continues! appeared first on Coin Engineer.

Legalizing Digital Payments for State Services

The legislation, known as Assembly Bill A7788, would enable state agencies to accept cryptocurrency payments for a variety of services. This includes payments for fines, civil penalties, taxes, fees, rent, and other financial obligations owed to the state. The bill outlines that state offices could also accept crypto payments for penalties, special assessments, and interest.

This proposed move places New York at the forefront of cryptocurrency adoption, following other states’ steps to embrace blockchain technology. The bill marks the second crypto-focused legislation in New York in just over a month, with the first being a bill introduced in March aimed at combating crypto fraud and protecting investors from scams like rug pulls.

Imposing Service Fees on Crypto Payments

Should the bill pass, New York could become one of the first states to legally integrate cryptocurrency into the public sector’s financial infrastructure. However, the bill also includes provisions that could see a state “service fee” applied to those making payments using cryptocurrencies. The fee would cover the costs incurred by the state in processing cryptocurrency transactions, including transaction fees and other related charges.

The service fee would be capped at an amount not exceeding the actual costs incurred by the state. This clause ensures that the state could charge a reasonable fee, similar to how other types of financial transactions might be charged for administrative processing.

Looking Ahead: A Digital Future for New York?

Assembly Bill A7788 is currently under review by the Assembly Committee and could progress to the state Senate. If passed, it could lead to a significant shift in how New York integrates digital assets into its daily operations and payment systems.

This legislation is part of a broader trend in the United States, where political momentum for cryptocurrency regulation has been gaining traction. With the potential to transform public sector payments, New York could be setting the stage for a future where digital currencies are part of the fabric of public financial systems.

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The post Bill Proposal Submitted in New York That Would Allow Payment with Cryptocurrency appeared first on Coin Engineer.

The initial transaction used a “default or conservative” fee setting. The user’s first RBF attempt doubled the fee and altered the output address. But instead of confirming either of these transactions, a final RBF with a dramatically higher fee overrode them, causing the entire amount of the change — 0.75 BTC — to be included as miner reward.

Satoshi Error or Bug in Wallet Script?

According to Anmol Jain, VP of Investigations at AMLBot, the user may have made a simple yet costly mistake in fee calculation. Jain suggested the user likely meant to enter 30.5692 sat, but accidentally typed 305,692 sat — or confused sat/vB with total satoshis.

Another theory is that an automated wallet script contained a miscalculation. Some wallets allow fee settings in sats/vB, and such confusion can arise if the system interprets a small value as too low and prompts the user to increase it. Jain explains:

“User types 305000 thinking it’s 30.5 sat/vB, but the wallet applies 305,000 sat/vB — which is insane.”

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

The mistake caused the wallet to treat a full UTXO of nearly 0.75 BTC as a transaction fee, likely due to not properly updating the change address or misreading the transaction structure. Both earlier transactions remained unconfirmed while the highest-fee version went through.

RBF: Flexible Feature or Dangerous Tool?

Replace-by-fee is a controversial but core feature in Bitcoin. It allows users to replace unconfirmed transactions with higher-fee versions. Miners, motivated by profit, are expected to confirm the version that offers a higher reward.

This mechanism has sparked debate. In 2019, Bitcoin Cash advocate Hayden Otto claimed RBF enabled double-spending. Bitcoin Cash removed RBF support and claimed unconfirmed transactions on its network were final and trustworthy.

Despite this, RBF-like behaviors have occurred on Bitcoin Cash as well, showing that this feature is more a result of blockchain dynamics than a standalone switch.

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The post Panicked Bitcoiner Loses Over $70K in RBF Fee Error! appeared first on Coin Engineer.

Bitcoin (BTC) Key Intraday Levels

The BTC/USD pair has gained 0.87% in the last 24 hours and is currently trading at $98,688. Bitcoin (BTC) broke through the $98,504 resistance level, making a strong upward move. If the rally continues, the next major resistance level is $101,545. On the downside, the $98,504 level now acts as the first support, while a deeper pullback could see BTC testing the $91,221 support level.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Ethereum (ETH): The ETH/USDT pair has gained 2.30% in the last 24 hours and is currently trading at $2,847. The first key resistance level stands at $2,877, followed by $2,930 if the uptrend continues. In case of a decline, support can be found at $2,724, with a deeper drop potentially testing $2,366.

FTX Token (FTT): The FTT/USDT pair has surged 8.19% in the last 24 hours and is now trading at $2.1498. The first major resistance level is at $2.2388, and if bullish momentum persists, $2.3313 could be the next target. On the downside, initial support is at $2.0205, while further selling pressure could push the price down to $1.8059.

Internet Computer (ICP): The ICP/USDT pair has lost 0.07% in the last 24 hours, currently trading at $7.132. Resistance levels are identified at $7.314, followed by a higher resistance at $7.783. If the price declines, support is expected at $6.885, with a further drop potentially reaching $6.114.

Bitcoin Cash (BCH): The BCH/USDT pair has lost 0.08% in the last 24 hours and is currently priced at $333.2. The first resistance level is at $338, with $355.1 as the next key target if bullish momentum increases. Support levels are found at $323.4, and a deeper correction could push the price down to $304.2.

Trending Coins in the Market

Over the past 24 hours, the most trending coins in the crypto market include Elon4AfD (ELON4AFD), Ondo (ONDO), and Hyperliquid (HYPE).

The top gainers of the day are The Grays Currency (PTGC), MEOW (MEOW), and BTSE Token (BTSE). On the other hand, the biggest losers are Fartcoin (FARTCOIN), Plume (PLUME), and ai16z (AI16Z).

Bitcoin Liquidation Map

Looking at Bitcoin’s 12-hour liquidation map, the most notable liquidation level on the upside is at $99,101, with $26.58 million in liquidations. On the downside, there is also a significant liquidation level at $97,145, totaling $26.58 million in liquidations.

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The post The Latest on Bitcoin and Cryptocurrencies: 6 February appeared first on Coin Engineer.

The Bitwise 10 Crypto Index Fund is heavily weighted towards Bitcoin (75.14%) and Ether (16.42%), alongside other major assets, including Solana (SOL), Ripple (XRP), Avalanche (AVAX), Chainlink (LINK), Cardano (ADA), Bitcoin Cash (BCH), Uniswap (UNI), and Polkadot (DOT). The fund’s total assets under management (AUM) stand at approximately $1.4 billion.

The filing specifies that the fund will exclusively hold portfolio assets and cash, expressly disclaiming ownership of any other digital assets. Coinbase Custody has been named as the partner for the crypto components, while Bank of New York Mellon will act as the custodian for the cash holdings.

This move is part of Bitwise’s active strategy in the evolving crypto space. Recently, the firm rebranded its European XRP ETF to Bitwise Physical XRP ETP and filed for a spot Bitcoin and Ether ETF on November 26. Additionally, on November 20, Bitwise submitted a filing for a spot Solana ETF in Delaware.

The SEC has yet to determine a timeline for approval or rejection of the application. However, the growing number of pro-crypto politicians and policies in the U.S. indicates a potentially more favorable regulatory environment for cryptocurrencies in the near future.

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The post Bitwise Files for 10 Crypto Index Fund ETF with the SEC appeared first on Coin Engineer.

Ondo Finance (ONDO), Pyth Network (PYTH), and Zetachain (ZETA) will be available for margin trading on both Coinbase International Exchange and Coinbase Advanced starting May 23, 2024, at 9:30 AM PT.

Expanding Margin Trading Services

Coinbase International Exchange, a margin trading platform for customers outside the U.S., had recently received approval from Bermuda to operate in September 2023. The exchange has been expanding its margin trading offerings, previously listing Cardano (ADA), Chainlink (LINK), Dogecoin (DOGE), Stellar (XLM), Polygon (MATIC), Bitcoin Cash (BCH), Celestia (TIA), Injective (INJ), Sei (SEI), Aptos (APT), Filecoin (FIL), Sui (SUI), Polkadot (DOT), Internet Computer (ICP), and Near Protocol (NEAR) for margin trading.

Price Performance of Listed Altcoins

According to CoinGecko data, at the time of writing,

ONDO has gained 2.7% in the past 24 hours and is trading at $0.8933.

PYTH has decreased by 3.6% in the past 24 hours and is trading at $0.427.

Zeta is trading at $1.63.

The post Coinbase International Lists 3 New Altcoins for Margin Trading appeared first on Coin Engineer.

BCH on an Upward Trend

BCH has been steadily climbing in value since the beginning of 2024. According to Coin Engineer data, it has seen a significant 23% increase in the past week and an impressive 43% upswing in the last month. As of this writing, BCH is trading at $673, its highest level in nearly two years.

Market Analysts Cite Multiple Factors

Market analysts attribute BCH’s price spike to a combination of factors:

Recent Halving Event: Bitcoin Cash underwent its second halving event on April 4th, 2024. Halving events reduce the number of new coins miners receive as a reward for validating transactions. This can theoretically lead to price increases due to a decrease in supply.

Overall Market Sentiment: The broader cryptocurrency market has been experiencing bullish sentiment in recent months, which may also be contributing to BCH’s rise.

Understanding Bitcoin Cash Halving

Bitcoin Cash is a fork of the Bitcoin blockchain created in 2017 with the goal of facilitating faster and cheaper transactions. The first BCH halving took place in April 2020. This most recent halving, at block height 840,000, further reduced miner rewards from 6.25 BCH to 3.125 BCH per block.

Network Effects of Halving

While some technical hiccups were reported, such as a temporary slowdown in block confirmation times, data from OKLink shows BCH’s network mining difficulty has reached its highest level since 2019. This indicates increased competition among miners, potentially signaling confidence in the network’s future.

BCH Halving as a Precursor to Bitcoin Halving?

Many experts believe BCH’s strong post-halving performance could be a harbinger of similar positive developments for Bitcoin. Bitcoin’s next halving event is expected to occur on April 20th, 2024, where miner rewards will be cut in half from 6.25 BTC to 3.125 BTC.

Industry Leaders Anticipate Impact

Financial institutions like Grayscale and industry figures like Hut 8 Mining CEO Asher Genoot have publicly stated their belief that the upcoming Bitcoin halving will significantly impact the entire cryptocurrency market.

The post Bitcoin Cash Soars After Halving, Hits Highest Price Since 2021 appeared first on Coin Engineer.

Whale Activity Surges on DOGE

Coinciding with the aforementioned surge, the number of DOGE whale transactions has also reached a new milestone. Amid renewed market activity, Dogecoin whale activity appears to be on the rise, with transactions exceeding $1 million increasing by over 600% in the past month alone. According to a recent analysis by IntoTheBlock, this surge not only indicates unprecedented growth but also marks the highest number of Dogecoin millionaire transactions since the OG meme token peaked in May 2021, essentially highlighting increased participation from large investors despite market fluctuations.

Dogecoin Gains While Market Consolidates

While the broader market started Friday with a relatively sideways movement, Dogecoin managed to post nearly 5% gains over the past day. In a notable development, Coinbase Derivatives, the derivatives arm of the American crypto exchange Coinbase, announced its plans to offer cash-settled futures contracts for Dogecoin, along with Litecoin and Bitcoin Cash, by April 1st. The exchange stated in its announcement:

Coinbase Derivatives will launch its first leveraged and CFTC-regulated futures contracts for Bitcoin Cash, Dogecoin, and Litecoin in April.

Analytical Reports on DOGE

The timing of the announcement coincides with another report indicating that the financial arm, X Payments LLC, has acquired additional licenses to facilitate payment functions on the social media platform led by Elon Musk. A known proponent of Dogecoin, Elon Musk has hinted at potential integrations with the blockchain as early as 2022.

Data from CoinGlass reveals that Dogecoin’s open interest (OI) stood at over $1.3 billion as of March 22nd. While the meme token itself is trading over 70% below its ATH value witnessed during the previous bull run, the OI reached a new high of $1.4 billion earlier this month. According to experts, if the bullish momentum continues, Dogecoin could soon reach a new high.

The post Whales Are Waking Up: Key Data Points Show Action in Dogecoin (DOGE) appeared first on Coin Engineer.