Bitcoin Cash Falls More Than 5% In 24 hours
Portfolio Pulse from Benzinga Insights
Bitcoin Cash (BCH) experienced a 5.02% price drop over the last 24 hours, contrasting with a 3.0% gain over the past week. The trading volume decreased by 34.0%, and the circulating supply slightly reduced. Despite the recent drop, its market cap ranks it at #16.
April 24, 2024 | 7:01 pm
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Bitcoin Cash (BCH) fell by 5.02% in the last 24 hours, marking a short-term negative trend despite a weekly gain of 3.0%. The trading volume and circulating supply have also seen decreases.
The significant 24-hour price drop of Bitcoin Cash, coupled with a decrease in trading volume and a slight reduction in circulating supply, suggests a short-term bearish outlook for BCHUSD. Despite a positive trend over the past week, the immediate impact of the recent decline is likely to influence investor sentiment negatively, leading to potential further short-term decreases in price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100