Bitcoin Cash and BSV Post Double-Digit Gains as Crypto Market Sees Broad Recovery

The cryptocurrency market is showing signs of recovery, with several altcoins posting sharp gains. Bitcoin traded near $87,000 as the total crypto market capitalization climbed to around $2.93 trillion.

Among the notable gainers, Bitcoin Cash (BCH) led the rally with a 35% gain, followed by Bitcoin SV (BSV) and LayerZero (ZRO), which also posted double-digit increases.

The move follows CME Group's announcement that it plans to launch Bitcoin Cash futures on October 19, pending regulatory review. The planned contracts will include standard futures covering 250 BCH and Micro Bitcoin Cash futures covering 25 BCH.

LayerZero's ZRO token is trading above $1.46, up roughly 26.72% in 24 hours. The move follows a strong rise from about $1.18 on September 21, as Anchorage Digital selected LayerZero as its interoperability partner for stablecoin issuance.