Bitcoin Cash Rises More Than 6% In 24 hours
Portfolio Pulse from Benzinga Insights
Bitcoin Cash (BCH) has seen a significant increase of 6.91% in the last 24 hours, reaching $641.93, with a weekly surge of over 30% from $499.12. The coin's all-time high is $3,785.82. Trading volume and circulating supply have also risen, with the market cap ranking at #14, valued at $12.68 billion.
April 01, 2024 | 3:00 pm
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Bitcoin Cash (BCH) has experienced a notable increase of 6.91% in the past 24 hours, reaching $641.93, with a weekly gain exceeding 30%. The trading volume and circulating supply have also seen significant increases.
The significant increase in both the price and trading volume of Bitcoin Cash (BCH) suggests a strong bullish sentiment among investors. The rise in circulating supply, while potentially dilutive, seems to have been absorbed by the market given the price increase. The overall market cap ranking improvement to #14 further validates the positive momentum. However, the volatility indicated by the Bollinger Bands suggests that investors should be cautious of potential price swings.
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