Bitcoin Cash Leads Market Gains As Investors Flock To Inexpensive BTC Alternatives Amid Iran-Israel Conflict

Even though Bitcoin remained constrained due to geopolitical concerns, cheaper alternatives to the apex cryptocurrency enticed investors Sunday night.

What happened: Bitcoin Cash rallied over 5% to become the market’s third-biggest gainer over the last 24 hours. Trading volume for the cryptocurrency surged 71% to $510 million, indicating substantial interest from traders and increased liquidity.

Similarly, Bitcoin SV rose 1.39%, with volume increasing 5.34% to $47 million in the last 24 hours.

Cryptocurrency	Gains +/-	Price (Recorded at 10:00 p.m. ET)
Bitcoin Cash (CRYPTO: BCH)	+5.04%	$457.42
Bitcoin SV (CRYPTO: BSV)	+1.39%	$31.35
Bitcoin (CRYPTO: BTC)	+0.19%	$105,820

These gains contrasted with Bitcoin's stagnation. The world's leading cryptocurrency was little changed in the last 24 hours as investors reined in their risk appetite owing to the Iran-Israel conflict.

See Also: Forget Dollars: Willy Woo Says Bitcoin Will Be Priced Against Global GDP — ‘Gold Used To Be That Money, BTC Is The Challenger’

Why It Matters: It’s worth mentioning that BSV arose from a hard fork of the Bitcoin Cash blockchain in 2018, which had split from the original Bitcoin network a year ago due to community disagreements over Bitcoin scaling.

Bitcoin traded at nearly $106,000 as of this writing. The high price could make holding one full Bitcoin a little challenging, especially for retail investors, although they can always obtain exposure by making fractional purchases.

In comparison, BCH and BSV have much smaller market capitalizations—$9.1 billion and $623 million, respectively—and lower per-unit prices, positioning them as potentially cheaper alternatives to the $2 trillion asset.

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