Bitcoin Cash Up More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Bitcoin Cash (BCH) has seen a 3.14% increase in its price over the last 24 hours, reaching $388.39, despite a 13.0% decrease over the past week from $436.45. The coin's all-time high is $3,785.82. Trading volume has decreased by 24.0% over the past week, and the circulating supply has slightly decreased by 0.32% to 19.67 million, which is 93.68% of its max supply. Bitcoin Cash's market cap ranking is currently #20 at $7.58 billion.
March 20, 2024 | 7:00 pm
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Bitcoin Cash (BCH) has experienced a 3.14% increase in price over the last 24 hours to $388.39, despite a weekly 13.0% decrease from $436.45. The trading volume has decreased by 24.0% over the past week.
The short-term increase in Bitcoin Cash's price, despite a significant weekly drop, indicates a potential rebound or correction in its price trajectory. The decrease in trading volume suggests a lower market activity which could lead to less price volatility in the short term. Given the recent price increase and the significant portion of the max supply in circulation, investors might see this as a positive signal, potentially leading to a short-term bullish sentiment.
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