Bitcoin Cash (BCH) experienced a significant surge, reaching a two-month high close to $500, driven by strong institutional demand amid global market uncertainties, particularly escalating U.S.-China trade tensions. This rally has highlighted BCH's appeal as a non-sovereign asset, resulting in a substantial increase in trading volumes by 500%. Over just 24 hours, BCH rose from $461.87 to a peak of $492.08, confirming bullish sentiment as institutional buying was evident. Despite volatility, Bitcoin Cash has regained interest thanks to its scalability and fast settlement capabilities, suggesting it could turn the $500 mark into a crucial support level if momentum continues. Key resistance was tested multiple times, with support establishing itself around $490. Technical indicators, including rising RSI and bullish MACD, imply further upward potential if the $500 barrier is convincingly breached.

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