Bitcoin Breakout Drives BCH Surge as Macro Catalysts Ignite Crypto Rally

Bitcoin Cash surged 4.72% in just one hour, part of a broader rally driven by an aggressive Bitcoin breakout.

The move is largely attributed to macro and policy catalysts, including the US Treasury's decision to double long-dated bond buybacks from $2 billion to $4 billion per operation, easing yields and supporting risk assets like Bitcoin.

According to multiple independent reports, this move was triggered by a White House meeting and public remarks from President Trump in favor of the Digital Asset Market Clarity Act, which has added a strong policy tailwind to the crypto market.

Bitcoin's sharp move also led to a major short squeeze, with articles citing over $1 to $3 billion in short liquidations across crypto in 24 hours. As a result, capital is rotating broadly into altcoins, with Bitcoin Cash being one of the top performers.