Bitcoin Cash followed Bitcoin’s overall growth trend as the price nearly crossed the $250 resistance level before being rejected. Although BCH is maintaining this bullish momentum, it is not entirely clear after it was delisted from a cryptocurrency exchange.

EDX Markets delists Bitcoin Cash

In another unexpected blow, Bitcoin Cash (BCH) has been delisted from cryptocurrency exchange EDX Markets. Users initially suspected that the exchange was ending support for BCH, and rumors spread like wildfire across social media. Eventually, the cryptocurrency exchange would confirm these rumors, as a spokesperson revealed that EDX Markets no longer actually provides support for Bitcoin Cash.

Contrary to usual, EDX Markets did not provide any indication as to why the cryptocurrency was delisted from the exchange. Instead, users were directed to sign up for the newsletter to get updates about listings, as well as to check the website for supported currencies.

Interestingly, this is happening at a time when rumors are circulating that EDX Markets may be planning to list XRP. This would make sense given that many exchanges have resisted the cryptocurrency after Ripple’s SEC win. Since then, XRP trading volume has been high and cryptocurrency exchanges have been clamoring for a chance to get a piece of the pie.

BCH price is struggling to hold up

After being rejected from the $250 level, Bitcoin Cash (BCH) price was under intense pressure to continue its previous trajectory. A drop towards the $240 level eliminated a large portion of long positions before the bulls could take control again.

However, BCH’s daily trading volume is still seeing good momentum after rising 36% in one day. If anything, this shows that there is still a fair amount of interest in the altcoin as trading receives a lot of attention from market participants.

The main resistance for the BCH breakout is currently at the $250 level. If the price can cross this resistance, the rise is expected to continue and may reach $270 before losing ground. But it is still far from its annual high of $300.

At the time of writing, Bitcoin Cash is trading at $243 with losses of 3.75% on the weekly chart. However, it performed much better in the last day after rising by 2.23%.

BCH price at $237 | Source: BTCUSDT on Tradingview.com

Featured image from Analytics Insight, chart from Tradingview.com