Cryptocurrency Bitcoin Cash Decreases More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Bitcoin Cash (CRYPTO: BCH) has seen a decrease of 3.58% in the last 24 hours, now at $243.57, despite a weekly uptrend of 3.0%. The volatility is highlighted by Bollinger Bands in the provided chart. Trading volume has dropped by 27.0%, and the circulating supply decreased by 0.25% to 19.62 million, which is 93.41% of the max supply. Bitcoin Cash's market cap is currently ranked #23 at $4.81 billion.
January 17, 2024 | 3:01 pm
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Bitcoin Cash (BCH) has experienced a 3.58% price drop in the last 24 hours, with a decrease in trading volume and circulating supply, indicating a potential bearish sentiment in the short term.
The price drop of 3.58% in Bitcoin Cash, coupled with a significant decrease in trading volume, suggests a bearish outlook for BCH in the short term. The reduction in circulating supply may also contribute to price volatility. As the market cap ranking remains strong, the impact is significant but not critical.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100