Bitcoin Cash's price movement is directly tied to the broader sentiment in the cryptocurrency market, which is currently bearish due to a pullback in Bitcoin's price. As Bitcoin often leads the market trend, its recent decline has had a significant negative impact on Bitcoin Cash, leading to a 6.8% drop in its value. This is further exacerbated by speculative trading behaviors, where traders sell off assets like Bitcoin Cash to lock in profits or minimize losses, contributing to its price decline.