Bitcoin Cash Price Surges 30% as CME Futures Spark Breakout -- Can BCH Hold $350?

Bitcoin Cash (BCH) is surging about 30% after a decisive break above a months-long descending trendline, reclaiming the $300–$310 zone and pushing into the $340s. The catalyst is CME Group’s plan to launch regulated Bitcoin Cash futures, announced with a launch date of October 19, subject to regulatory review. The exchange intends to list standard contracts covering 250 BCH and micro contracts for 25 BCH. BCH jumped from roughly $270 to above $350 soon after the announcement, with trading volume also rising sharply. Traders are now watching whether BCH can hold $350 as support before targeting $430–$450, then $680–$720.