Cryptocurrency Bitcoin Cash Rises More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Bitcoin Cash (CRYPTO: BCH) has seen a 4.47% increase in price over the last 24 hours, reaching $248.33, despite a 4.0% decline over the past week from $260.22. The coin's all-time high is $3,785.82. Trading volume has risen by 20.0% over the past week, while the circulating supply has decreased by 0.4%, with 19.61 million coins in circulation, approximately 93.38% of the max supply. Bitcoin Cash's market cap is currently ranked #21 at $4.89 billion.
January 09, 2024 | 3:01 pm
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Bitcoin Cash (BCH) experienced a 4.47% increase in price over the last 24 hours, countering its weekly downward trend. The rise in trading volume and a slight decrease in circulating supply may indicate increased investor interest and potential for further price stability or growth in the short term.
The recent price increase and higher trading volume suggest a growing investor interest in Bitcoin Cash, which could lead to further short-term price increases. However, the overall market volatility and the recent weekly loss temper the potential impact, hence the importance is not at the maximum level.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100