Bitcoin Cash Dominates Crypto Market with Surging Trading Volumes

Bitcoin Cash (BCH) emerged as the top-performing digital asset in June, gaining 171% and outperforming Bitcoin (BTC). The surge in BCH was fueled by its listing on EDX Markets and increased trading activity on Upbit. FTT, the token of bankrupt exchange FTX, climbed 124% in June, while COMP, the native token of DeFi protocol Compound, rallied 50% in four days. The CoinDesk Market Index (CMI) gained 2.7% for the month. The positive sentiment in the crypto market was driven by institutional interest, with BlackRock's application for a spot ETF and other institutions entering the space.