Bitcoin Cash Rises More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Bitcoin Cash (BCH) has seen a 4.08% increase in price over the last 24 hours, reaching $485.94, with a 10% increase over the past week from $440.96. The coin's all-time high is $3,785.82. Trading volume has decreased by 6% over the past week, while the circulating supply dropped by 0.33% to 19.70 million, approximately 93.82% of its max supply. Bitcoin Cash's market cap ranks it #17 at $9.54 billion.
May 07, 2024 | 3:00 pm
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Bitcoin Cash (BCH) has experienced a 4.08% increase in price over the last 24 hours, reaching $485.94, with a 10% increase over the past week. The trading volume has decreased by 6%, and the circulating supply has slightly decreased.
The increase in Bitcoin Cash's price over the past 24 hours and week indicates a positive short-term momentum for BCHUSD. The decrease in trading volume and slight reduction in circulating supply could suggest a tightening of available coins, potentially supporting further price increases if demand remains strong. However, the significant distance from its all-time high suggests volatility and uncertainty in the longer term.
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