Cryptocurrency Bitcoin Cash Up More Than 9% In 24 hours
Portfolio Pulse from Benzinga Insights
Bitcoin Cash (BCH) has seen a significant increase of 9.62% in its price over the last 24 hours, reaching $296.34. Over the past week, it has risen by over 12%, from $264.4. The coin's all-time high is $3,785.82. Trading volume for BCH has surged by 160% over the past week, and its circulating supply has slightly increased by 0.02% to over 19.65 million, representing approximately 93.59% of its maximum supply of 21 million. Currently, Bitcoin Cash's market cap ranks it 21st at $5.82 billion.
February 27, 2024 | 7:02 pm
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POSITIVE IMPACT
Bitcoin Cash (BCH) has experienced a notable increase of 9.62% in the last 24 hours, reaching a price of $296.34, with a weekly rise of over 12%. The trading volume has significantly increased by 160%, and the circulating supply has grown slightly. The market cap now places BCH as the 21st largest cryptocurrency.
The significant price increase of 9.62% in the last 24 hours, coupled with a 12% increase over the past week, indicates strong market momentum for Bitcoin Cash. The substantial rise in trading volume by 160% further supports the positive sentiment among investors, potentially leading to further short-term gains. The slight increase in circulating supply is unlikely to dampen the bullish outlook in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100