Bitcoin Cash (BCH) Price Surges by More Than 30% to Lead Top Gainers

The price of Bitcoin Cash (BCH) rose to an intraday high of $391 during early trading during the U.S. session on March 5, 2025.

Bitcoin Cash price clocked in at least a 30% past 24 hours gains on Friday, putting it top of the largest coins for market capitalization as several clocked in double-digit advances.

The cryptocurrency slid to an intradya high of $391 during the early hours of the U.S. session as it continued to breakout of a falling wedge pattern and a multi-year accumulation phase.

The number of BCH hodlers in profit has risen slightly to 73%, according to data from IntoTheBlock. This comes as whale transactions continue to surge.

BCH outpaces top coins

At the time of writing, BCH price was trading at $389, up nearly 30% and outpacing all the top 10 coins. These include Bitcoin, which changed hands 6.5% up, Ethereum, which was up 7.2% and XRP, 3.9%.

With daily trading volume increasing by more than 83% to over $942 million and a market cap of $7.65 billion, Bitcoin Cash was also the best-performing cryptocurrency among the top 100 by market cap in the last 24 hours. Its intraday gains put BCH above Jito, Ondo Finance and Chainlink, all of which were up between 14% and 22%.

BCH also outpaced Arbitrum, which rose by 13% after U.S.-based trading app Robinhood added trading support for ARB.

A broader market bounce after sharp volatility swung BTC to below $80k, an upward flip had it near $90k. The latest news around tariffs and the U.S.’ crypto reserve helped bulls, largely after Strategy founder Michael Saylor confirmed he will attend the inaugural White House Crypto Summit and Secretary of Commerce Howard Lutnick’s comments on Wednesday.

“Markets are on edge, and crypto is moving in sync with equities,” Singapore-based QCP Capital noted in a post on X.

According to analysts at the digital assets platform, Friday’s White House Crypto Summit will be a key event. Next week’s “big macro catalysts” could be the non-farm payrolls report and the consumer price index release, which will be crucial for the market tone, they added.