Bitcoin Cash Rises More Than 5% In 24 hours
Portfolio Pulse from Benzinga Insights
Bitcoin Cash (BCH) experienced a 5.81% increase in price over the last 24 hours, reaching $449.14, despite a 6.0% decrease over the past week from $479.73. The coin's all-time high is $3,785.82. Trading volume rose by 13.0% over the week, and the circulating supply increased by 0.12% to over 19.70 million, representing 93.81% of the max supply. Bitcoin Cash's market cap ranks #17 at $8.86 billion.
May 03, 2024 | 3:03 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Bitcoin Cash (BCH) has seen a significant 5.81% increase in price over the last 24 hours, reaching $449.14, despite a recent weekly decline. The trading volume has increased by 13%, and the circulating supply has slightly risen.
The short-term price increase of Bitcoin Cash (BCH) is likely due to the reported rise in trading volume and a slight increase in circulating supply, indicating a growing interest and potentially more liquidity in the market. Despite the recent weekly loss, the positive movement in the last 24 hours could attract more investors, looking to capitalize on the volatility. However, the overall market position and the comparison to its all-time high suggest that caution is still warranted.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100