With a multi-month high of $521.15, the price of Bitcoin Cash is poised for a further strong breakout above the key $600 threshold, reaching $1,700.
The price of Bitcoin Cash just burst through several barrier levels and reached an all-time high of eight months today. The price of BCH has been steadily rising since the start of the month, and it reached $526.5 today and is currently holding steady at that level. However, analysts think the momentum may increase as the bullishness develops.
Why did Bitcoin Cash price hit multi-month high today?
The price of Bitcoin Cash has increased by 75% in the last three months, to $521.15, with a market valuation of $10.36 billion. With a 70% increase in trading volume today, it is now the 12th largest cryptocurrency on the market and has strong investor interest, bringing its value to $642.81 million.
Notably, this upswing has made it the cryptocurrency market’s top performer, and the gain is a result of increased optimism about the Fed’s July rate cuts. Despite the Fed’s June rate cuts, Jerome Powell is under tremendous political pressure, which is boosting confidence for July and the months ahead.
Additionally, because it is pressed up against the top boundary of the falling channel, the BCH price chart displays a bullish pattern breakout. The cryptocurrency is increasing in value due to strong support and technical variables that favor a spike.
Bitcoin Cash price to hit $1,700 next?
The next psychological obstacle is above the $600 level, following a significant breakout over $500. This indicates that there is no resistance to the token’s potential for growth. A further uptrend is anticipated since the buying sentiment of the investors is still present, as seen by the 70% increase in trading volume and the 26% increase in OI to $572.23M.
This is a result of the token’s increasing capital inflow. Furthermore, a short squeeze is expected to occur because more shorts are being liquidated than longs, according to the Coinglass data. In addition, analysts predict that the token will soon top $600.
Smith and other cryptocurrency analysts have already forecast a huge BCH price increase because the chart shows the 208% pump option. In light of this, he has forecast a long-term surge to $1,700, which is almost three times the present price.
However, market volatility and other macroeconomic events could disrupt this trajectory; therefore, further analysis is necessary.
Benchmark sets Metaplanet stock target to 2400 JPY on Bitcoin acquisition, buy the dips?
In light of Metaplanet’s robust Bitcoin accumulation strategy, Benchmark Equity Research issued a “buy” call on the company’s stock with a 50% upside.
Benchmark Equity Research has launched a buy call with a target of 2,400 JPY, 50% higher than the present levels, despite the fact that the Metaplanet stock price is under intense selling pressure. This coincides with the Japanese company’s Bitcoin buying binge, which has now amassed 13,350 Bitcoins, making it the fifth-largest publicly traded company in terms of BTC holdings. The stock is still up 340% since the start of 2025, despite the latest decline.
Metaplanet stock correction is a buy the dip opportunity, says Benchmark
The Metaplanet stock was been given a “buy” rating by analysts at Benchmark Equity Research, with a target price of 2,400 JPY. Over the past week, the business has surpassed Tesla, CleanSpark, and Galaxy Digital in its enormous Bitcoin purchase binge. By the end of 2025, the corporation hopes to have 30,000 Bitcoins, up from its current holding of 13,350.
After launching the Bitcoin Treasury Plan according to Michael Saylor’s blueprint, the company’s stock has already increased by a staggering 1500% in just one year. The analysts from Benchmark wrote:
“Since its launch, Metaplanet has been the best performing stock in Japan by 10x. We believe the shares are poised to continue their upward climb as Metaplanet continues to execute its financing strategy and adds to its bitcoin holdings”.
Furthermore, the analysts think that Metaplanet’s effective capital allocation can raise the company’s stock price as it moves forward with its “555 Million Plan,” which calls for acquiring 1% of the Bitcoin supply by 2027. The company’s shifting strike warrants are made to prosper during times of notable stock price swings, they added. These warrants are more appealing to investors in the market since the increased volatility enables them to be exercised profitably. This special mechanism improves Metaplanet’s access to money while also increasing demand for its financial products.
Metaplanet’s Bitcoin yield surges
Simon Gerovich, CEO of Metaplanet, has pointed to a notable increase in the company’s Bitcoin (BTC) yield, indicating strong growth in 2025. The company’s previous record of 309.8% in Q4 2024 has been surpassed by an astounding 348.8% year-to-date (YTD) Bitcoin yield.
Metaplanet issued a warning, stating that this number partially reflects the low Bitcoin holdings at the beginning of the year. It therefore points out that when holdings rise, such growth rates might not be sustainable. Metaplanet outperformed the 95.6% yield recorded in Q1 of 2025 with a BTC yield of 129.4% in Q2. This ongoing acceleration demonstrates the company’s capacity to maintain momentum and efficiently multiply its gains.
Why did someone send $20K in Bitcoin to Satoshi Nakamoto?
$20K Bitcoin was sent to Satoshi Nakamoto’s inactive wallet, perhaps as a thank-you gift, an exchange withdrawal, or an error.
Even if Satoshi Nakamoto, the anonymous founder of Bitcoin, has vanished from the market, he is still talked about. An on-chain analytics platform recently brought attention to a $20K Bitcoin transaction that was made to Nakamoto’s long-dormant wallet. Investors are particularly interested in what the possible motivation may be.
Arkham detects $20K Bitcoin transaction to Satoshi Nakamoto
Prominent on-chain analytics company Arkham Intelligence disclosed in an X post that they have discovered a questionable Bitcoin payment to Satoshi Nakamoto. They reported that $20k, or 0.185 BTC, was moved to the wallet of the Bitcoin founder on June 30. It’s interesting to see that sending cryptocurrency to Nakamoto is not new.
Did somebody just send $20,000 to Satoshi Nakamoto by accident?
This was most likely a withdrawal from an exchange or service. Satoshi hasn’t been sent this much since 4 months ago, when someone sent him $200K from a personal wallet after withdrawing from Binance.
Was this an… pic.twitter.com/15HAZKdKSb
— Arkham (@arkham) June 30, 2025
Someone reportedly transferred $200k in Bitcoin to the same wallet just four months ago, and many more before that. The wallet has billions of Bitcoin at the current price of $106.9k, even if it is idle and the owner has vanished.
Furthermore, if Nakamoto cashes out, he will rank among the richest persons on the planet because there are hundreds more wallets like this.
Why did someone send BTC to Satoshi Nakamoto?
According to an X post by an Arkham official, Satoshi’s transaction may have been motivated by a number of factors. This includes the potential for an unintentional transaction, such as when someone sends it here by mistake.
It could also be a withdrawal from a cryptocurrency exchange or service. Finally, it is an expression of appreciation to the man who created Bitcoin for his role in decentralization.
It’s interesting to note that the $200k transfer from four months ago was likewise unidentified, but it was discovered to be from a Binance user account. Furthermore, the recurrence of these occurrences indicates a deliberate contribution.
Investors view Nakamoto as a role model and commend him for his contributions because of his high regard in the cryptocurrency community. Some even think that in order to support a global cause or aid in the growth of the sector, investors ought to give him a portion of their portfolios.
A cryptocurrency investor commented on the former CEO of Binance’s post praising the Bitcoin logo on the Las Vegas Sphere, saying that CZ ought should donate all of its coins to Nakamoto in support of the cause. Numerous such instances of this kind have also been reported in the past.
Overall, it’s unclear why exactly $20k worth of Bitcoin was sent to Satoshi Nakamoto. Nonetheless, it is said to be a possible error, retreat, or expression of appreciation.
