Bitcoin Cash Up More Than 6% In 24 hours
Portfolio Pulse from Benzinga Insights
Bitcoin Cash (BCH) has seen a 6.32% increase in price over the last 24 hours, reaching $514.09, despite a 22.0% decrease over the past week from $682.87. The coin's all-time high is $3,785.82. Trading volume for BCH has risen by 11.0% in the past week, with its circulating supply now at 19.69 million, approximately 93.77% of its max supply of 21.00 million. Currently, Bitcoin Cash's market cap ranks #14 at $10.23 billion.
April 15, 2024 | 3:01 pm
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Bitcoin Cash (BCH) has experienced a 6.32% increase in price to $514.09 over the last 24 hours, countering a weekly decline of 22%. The trading volume has increased by 11.0%, and the circulating supply has slightly risen, indicating a potential short-term bullish sentiment among investors.
The short-term price increase of 6.32% in Bitcoin Cash, along with an 11.0% increase in trading volume, suggests a rebound from its recent decline. This could indicate growing investor interest and potential bullish sentiment in the short term. The increase in circulating supply is minimal and likely has a negligible impact on price. However, the overall market cap ranking and the significant recovery from a weekly low point to a notable increase in a single day are key factors contributing to a positive outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100