Cryptocurrency Bitcoin Cash Up More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Bitcoin Cash (CRYPTO: BCH) has seen a 4.96% increase in price over the last 24 hours, reaching $234.36, despite a 4.0% decline over the past week. The coin's all-time high is $3,785.82. Trading volume has increased by 3.0% over the past week, while the circulating supply has decreased by 1.06%, now at 19.62 million coins, approximately 93.44% of the max supply. Bitcoin Cash's market cap is currently ranked #22 at $4.61 billion.
January 24, 2024 | 3:01 pm
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POSITIVE IMPACT
Bitcoin Cash (BCH) has experienced a significant price increase of 4.96% in the last 24 hours, countering its weekly downward trend. The increase in trading volume and a decrease in circulating supply could indicate a strengthening demand for BCH.
The short-term impact on BCH-USD is likely positive due to the recent price increase and higher trading volume, suggesting growing investor interest. The reduction in circulating supply could also contribute to upward price pressure. However, the overall market trend and volatility should be monitored as they can influence price movements.
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