Cryptocurrency Bitcoin Cash Rises More Than 9% In 24 hours
Portfolio Pulse from Benzinga Insights
Bitcoin Cash (CRYPTO: BCH) has seen a significant increase of 9.22% in its price over the past 24 hours, reaching $252.14. This uptrend is part of a larger 9.0% gain over the past week. Despite the recent rise, the price is still far from its all-time high of $3,785.82. The trading volume for Bitcoin Cash has surged by 166.0% over the past week, and the circulating supply has grown by 0.5%, now totaling 19.60 million coins, which is 93.32% of the maximum supply of 21.00 million. Bitcoin Cash currently holds the #22 market cap ranking at $4.94 billion.
December 27, 2023 | 3:02 pm
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POSITIVE IMPACT
Bitcoin Cash (BCH) has experienced a notable increase in price and trading volume, indicating a strong short-term bullish sentiment among investors.
The significant rise in price and trading volume for Bitcoin Cash suggests increased investor interest and market activity, which typically leads to a positive short-term impact on the asset's price. The increase in circulating supply is also a positive sign of growth and liquidity in the market.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100