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

Bitcoin Cash has suddenly become one of the biggest movers in the crypto market. BCH climbed from roughly $270 to above $350 after CME Group announced plans to launch regulated Bitcoin Cash futures, pushing the token through a descending trendline that had capped rallies for months. Trading volume also surged sharply as BCH reclaimed the $340 level. The move has turned a long-running consolidation into a potential trend reversal, with traders now watching whether BCH can establish $350 as support and extend the breakout.

CME Opens a New Derivatives Door for BCH

CME Group plans to launch Bitcoin Cash futures on October 19, subject to regulatory review. The exchange will offer standard contracts representing 250 BCH alongside Micro contracts covering 25 BCH.

The announcement immediately changed BCH’s market structure. The token rose from around $270 to $328 within roughly 90 minutes before extending gains toward $340. By September 23, BCH had reached around $347–$355, with 24-hour gains approaching 30%.

CME already handles substantial crypto derivatives activity. Its cryptocurrency futures and options averaged 279,800 contracts per day worth $8.3 billion in notional value during the first half of 2026, while average open interest stood at $15.4 billion.