Bitcoin Cash Explodes 29% In A Day: Why BCH Outperformed BTC?

Bitcoin Cash is trading at $288.53, up $65.57 or 29.41% on the day. It opened at $222.95, bottomed at $222.90 and ran to $298.76. In other words, the low of the session was the opening price, and everything after that was one direction.That is the largest single-day gain of any major cryptocurrency in this rally. Bitcoin gained roughly 3% in the same session. Ethereum managed under 3%. Bitcoin Cash did nearly ten times that.Here is the part most coverage will skip: nothing happened at Bitcoin Cash. No upgrade, no listing, no partnership, no regulatory decision. The entire move is a story about what Bitcoin Cash is rather than what it did, and that makes it a useful lesson in how this asset behaves.Why did Bitcoin Cash jump 29% in a single day?Bitcoin Cash jumped because it is a high-beta derivative of Bitcoin with thin liquidity, so when risk appetite returned to the whole market, BCH amplified the move rather than generating one of its own.The catalyst came from outside crypto entirely. A policy shift from the US Treasury lit up risk assets across the board and gave high-beta names like BCH room to run harder than the rest of the market, and the move did not come from a project-sp...