Bitcoin Cash Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Bitcoin Cash (CRYPTO: BCH) experienced a 3.94% decrease in price over the last 24 hours, falling to $447.59, despite a 64.0% gain over the past week. Its trading volume surged by 636.0%, with the circulating supply remaining steady at 19.66 million, representing 93.62% of its max supply. Currently, Bitcoin Cash's market cap ranks #20 at $8.79 billion.
March 04, 2024 | 7:03 pm
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NEGATIVE IMPACT
Bitcoin Cash (BCH) has seen a significant price drop of 3.94% in the last 24 hours, moving down to $447.59, despite a notable weekly gain of 64.0%. The trading volume has increased by 636.0%, indicating heightened activity. The circulating supply remains unchanged at 19.66 million, making up 93.62% of its max supply.
The short-term price impact for BCHUSD is likely negative due to the recent 3.94% drop in price, despite the overall positive trend over the past week. The significant increase in trading volume suggests heightened investor interest, which could lead to increased volatility. However, the unchanged circulating supply indicates stability in the market dynamics for Bitcoin Cash.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100