Bitcoin Cash Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Bitcoin Cash (BCH) experienced a 3.98% price decrease over the last 24 hours, marking a -15.0% change over the past week, with its price now at $440.85. The trading volume for BCH has risen by 13.0% in the same period, while its circulating supply decreased by 0.33%, now representing 93.81% of its max supply. Currently, Bitcoin Cash's market cap ranks it 16th at $8.70 billion.
April 30, 2024 | 3:03 pm
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NEGATIVE IMPACT
Bitcoin Cash (BCH) has seen a significant price decrease of 3.98% in the last 24 hours and a -15.0% change over the past week, with an increase in trading volume by 13.0%.
The significant price decrease of Bitcoin Cash (BCH) over the past 24 hours and week, combined with an increase in trading volume, suggests a negative short-term impact on its price. The decrease in circulating supply could indicate a tightening of available coins, but the current downward price movement and increased volatility are likely to have a more immediate effect on investor sentiment and price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100