Bitcoin Cash Decreases More Than 6% Within 24 hours
Portfolio Pulse from Benzinga Insights
Bitcoin Cash (BCH) experienced a 6.03% decrease in price over the last 24 hours, marking a continuation of its 7.0% decline over the past week. The current price stands at $410.35. Despite the price drop, trading volume for BCH has increased by 44.0% over the same period. The circulating supply has slightly decreased by 0.2% to 19.67 million, which is 93.66% of its maximum supply. Bitcoin Cash's market cap ranking is currently #20, with a valuation of $8.04 billion.
March 15, 2024 | 3:00 pm
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Bitcoin Cash (BCH) has seen a significant decrease in price over the last 24 hours and week, with a current price of $410.35. The trading volume has increased, indicating heightened activity despite the price drop.
The decrease in price alongside an increase in trading volume suggests a bearish sentiment among investors, potentially leading to further short-term declines. However, the significant market cap and high percentage of circulating supply indicate a strong presence in the market.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100