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The Bitcoin Cash price surged 11% in the last month despite a 6% drop in the past 24 hours to trade at $488.60 as of 5:44 a.m. EST, with trading volume plunging 22% to $321 million.
The 11% pump by the BCH price comes as Odell Beckham Jr., a former NFL player, said he is feeling pretty good about his decision to get into Bitcoin back in 2021.
Beckham Jr. decided to take his full $4.25 million salary in 2021 in Bitcoin, teaming up with Cash App, while BTC was hovering between $56K and $64K.
Despite the 2022 FTX collapse, which caused BTC to tumble below 18,000, Beckham still held his hoard, which is now paying off after the price of Bitcoin hit a new all-time high (ATH).
Sooooo bitcoin is at an ALL TIME high today…safe to say we still happy with our decision 😏✌️✌️🚀
Lets see what crypto week talkin about 👀 pic.twitter.com/5I0uNV5zao
— Odell Beckham Jr (@obj) July 14, 2025
With the crypto market taking a 7% hit to a $3.7 trillion market capitalization, can BCH recover from the recent pullback?
Bitcoin Cash Price Still Bullish Despite 6% Drop
The BCH price, after being on a downtrend from the beginning of 2025 and hitting the $251 support in April, has been trading within a well-defined rising channel pattern, a sign that buyers have continuously been in control.
However, as a result of Bitcoin dropping from its ATH over $123K, the Bitcoin Cash price dropped from the 0 Fibonacci Retracement level at $540 to the current price, but is still within the rising channel, as GeckoTerminal data shows.
BCH still trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), a clear sign that the price is still bullish. The 50-day SMA has crossed above the 200-day SMA as well, forming a golden cross within the 0.618 Fib level at $398.10.
However, as a result of the current downtrend, the Relative Strength Index (RSI) is now retracing from the 68 level.
If the price of Bitcoin Cash recovers within the rising channel pattern, the $540 resistance level at the 0 Fib level could be the next possible target.
On the downside, if the RSI continues to drop to the 30 oversold region, the price of BCH may fall even further, with the 0.382 Fib level at $452 acting as a major support.
Meanwhile, investors are piling into a new BTC-themed meme coin called Bitcoin Hyper (HYPER), which aims to scale the Bitcoin blockchain.
According to 99Bitcoins, a popular crypto channel on YouTube with over 723K subscribers, HYPER could soar 10X after launch.
Bitcoin Hyper Token Presale Races Towards $3 Million
Bitcoin Hyper, a new Bitcoin Layer 2 project, has become one of the hottest new crypto coins, having just crossed the $2.87 million mark in its presale campaign.
It aims to resolve Bitcoin’s long-standing issues with transaction speed and cost, creating a more flexible and interactive environment for users.
By leveraging the high-speed infrastructure of Solana, it transforms BTC into a fee-efficient, practical payment method for daily use and global commerce.
The magic happens through the Solana Virtual Machine (SVM). This is the same engine that powers Solana’s lightning-fast transactions and low fees.
🚨 Bitcoin Hyper is now live in Best Wallet! 🚨@BTC_Hyper2 is building Bitcoin’s first Layer 2 focused on real scalability — enabling fast, cheap BTC transactions, meme coins, dApps, and more.
It’s secured by Bitcoin L1 and powered by Solana VM tech for high speed and massive… pic.twitter.com/5Ktj12RCR1
— Best Wallet (@BestWalletHQ) June 5, 2025
Rather than acting as a simple currency transfer layer, Bitcoin Hyper is designed to support on-chain staking, decentralized finance applications, and even meme coins, which will all be secured by the robust Bitcoin network.
For investors seeking a secure platform, this may be the perfect project, as it utilizes a Canonical Bridge that supports Layer 2 speed and cost efficiency.
The project is also offering investors an impressive 306% annual percentage yield (APY) for purchasing and staking HYPER tokens.
Investors interested in participating in the presale can visit the official Bitcoin Hyper Token website to buy HYPER tokens for $0.012275 each using crypto or a bank card.
Buy before the next presale price increase in about 31 hours.
Visit the Bitcoin Hyper website.
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