Bitcoin Cash Decreases More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Bitcoin Cash's (CRYPTO: BCH) price has decreased by 5.58% over the past 24 hours to $216.51, continuing its downward trend over the past week of -14.0%. The trading volume for the coin has tumbled 66.0% over the past week while the circulating supply of the coin has risen 1.6%. The current market cap ranking for BCH is #17 at $4.23 billion.
October 09, 2023 | 3:00 pm
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NEGATIVE IMPACT
Bitcoin Cash's price has decreased by 5.58% over the past 24 hours, continuing its downward trend over the past week of -14.0%. The trading volume has tumbled 66.0% over the past week.
The decrease in Bitcoin Cash's price and trading volume indicates a bearish market sentiment. The increase in circulating supply could further pressure the price as it suggests a higher availability of the coin.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100