Bitcoin Cash (BCH) Gains 5.06% but Trades Below 200-Day Average Near $291

Bitcoin Cash (BCH) rose 5.06% over 24 hours to $287.47 as of 4:53 a.m. ET (08:53 UTC) Friday, Oct. 23, while its 200-day simple moving average was near $291. Oct. 23 readings put the average between $290.15 and $291.07, leaving BCH below that benchmark. The readings used different calculation times and inputs, so the range is not a single synchronized measurement. CME Group’s standard and micro Bitcoin Cash futures are now live. Standard contracts cover 250 BCH, while micro contracts cover 25 BCH. The derivatives are used to manage price risk and trade separately from spot BCH. CME had set an Oct. 19 launch target, subject to regulatory review. The live contracts follow the earlier report on CME’s planned BCH futures .

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