Bitcoin Cash Decreases More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Bitcoin Cash's (CRYPTO: BCH) price has decreased by 3.68% over the past 24 hours to $280.87, contrary to its performance over the past week where it saw an up-trend of 21.0%. The trading volume for the coin has fallen 47.0% over the past week, while the overall circulating supply of the coin has increased 0.32% to 19.44 million, making up an estimated 92.57% of its max supply of 21.00 million.
July 04, 2023 | 3:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Bitcoin Cash's price has decreased by 3.68% over the past 24 hours to $280.87, despite a weekly up-trend of 21.0%. The trading volume has fallen 47.0% over the past week.
The decrease in Bitcoin Cash's price over the past 24 hours, coupled with a significant drop in trading volume, indicates a potential short-term bearish trend for BCHUSD. Despite the recent up-trend over the past week, the sudden drop in price and trading volume could lead to further price decreases in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100