Tether Reverses USDT Freeze on Bitcoin Cash, Boosting BCH Outlook
Tether has reversed its plan to freeze USDT on the Bitcoin Cash (BCH) network, preserving on-chain transfers but still halting new issuance and redemptions. This shift removes a bearish catalyst for BCH, supporting its long-term utility. Technical indicators remain under pressure, with RSI below 50 and negative MACD, suggesting potential further dips before a recovery. In absence of a dedicated BCH ETF, price action may hinge on broader altcoin flows. Some analysts foresee BCH rallying toward $800 by year-end and $1,000 in early 2026 if regulatory approvals spur more ETF filings. The article also spotlights Bitcoin Hyper (HYPER), a new BTC layer-two project that has raised $13.2 million in presale, offering faster, cheaper transactions via Solana’s SVM and zero-knowledge rollups. Traders may weigh opportunities in emerging presales against established alts.
Neutral
Tether’s decision to maintain USDT transfers on the BCH chain removes a significant bearish catalyst by preserving liquidity and utility, which is mildly supportive for traders. However, the halt on new issuance and on-chain redemptions limits fresh capital inflows, capping upside potential. Technical metrics like RSI and MACD remain in bearish zones, suggesting price may continue to test lower supports before a clear reversal. In the short term, traders may see muted volatility as markets absorb the update. Long term, BCH’s outlook hinges on broader altcoin trends, ETF approvals, and user adoption. Similar events, such as network support reversals on other chains, have led to temporary stability rather than sharp rallies, warranting a neutral stance.