Bitcoin Cash Surges Above $560 After Securing a  Surprising Weekly Lead

Key Insights

• Bitcoin Cash joins the top 10 cryptocurrencies by marketcap and becomes biggest gainer in the category.
• BCH price rallied by 12% on Friday. What is driving the newfound momentum?
• It is now more profitable to mine BCH than BTC. Could this be among the key reasons driving demand?

Bitcoin Cash has secured a position among the top 10 largest cryptocurrencies by market cap following a clear shift in the market. The recent market crash triggered a portfolio reshuffling among investors, and BCH has suddenly become more attractive among crypto investors in an interesting turn of events.

The second week of August just concluded with Bitcoin Cash firmly in the 10th position. This was not the first time it was in the top 10, but it has not revisited that zone for more than 3 years.

It also held the position of the biggest gainer among the top 10 coins albeit briefly. This was before it was overthrown. Dogecoin (the dog-themed meme coin) had an explosive week.

Last-minute rally propelled Bitcoin Cash price action

According to its weekly chart, BCH price rallied by over 6% from its weekly opening price to its closing price. However, zooming in on the daily chart showed it would have closed the week in the red if not for its Friday rally.

Bitcoin Cash price had initially kicked off the week on a bearish leg. For context, it retreated from around $540 to its weekly low at $493. BCH erased that downside with a sweeping move to the upside on Friday, gaining 12% from its opening to its close.

There were numerous probable reasons behind the Bitcoin Cash rally. Its price action performed significantly better than Bitcoin, which has often overshadowed BCH but this time it appears to have found favor among investors.

But in reality, BCH price action in 2025 suggests that it has not really been living in Bitcoin’s shadow. Instead, investors had a soft spot for the cryptocurrency and that appears to be so currently.

This latest bounce back occurred as the overall market condition quietly stabilized. That stability also manifested as a “buy the dip” moment for some traders; therefore, this latest rally was likely an accumulation.

One of the tell-tale signs of accumulation is usually large daily candles followed by limited volumes. Interestingly, the 12% upside in BCH price was the second accumulation candle the cryptocurrency flashed this month.

Bitcoin Cash posted an even larger accumulation candle on 6 February, during which it rose by over 15%.

Bitcoin Cash mining briefly becomes more profitable than BTC

The attention flooding into Bitcoin Cash might also have something to do with profitability. Both BCH and BTC run on proof-of-Work mining mechanisms.

According to Coinwarz, Bitcoin Cash mining revenue at the time of observation was $13.85. a notable uptick in the last 24 hours. BTC mining revenue was slightly lower during the same period at $13.73.

Why is this important? Well, the recent bear market conditions have put a lot of pressure on Bitcoin miners. It reduced their profitability and under such conditions, investors look for alternatives that offer higher profitability.

Interest from the miner cohort may thus be driving attention to Bitcoin Cash. In summary, all these factors may have contributed to the rally, but one thing is clear.

Crypto traders are still interested in BCH, and it could be one of the top performers once the market enters an aggressive recovery phase. Perhaps it could even rally to the previous highs observed in the 2021 bull run.