Why Bitcoin Cash (BCH) Is Falling
Portfolio Pulse from Henry Khederian
Bitcoin Cash (BCH) is trading lower by 4.1% due to market anxiety following Mt. Gox's $2.84 billion repayment plan, which involves transferring 44,527 BTC to Kraken. This has led to fears of mass selling by creditors, affecting Bitcoin and other cryptocurrencies, including BCH.
July 16, 2024 | 3:31 pm
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Bitcoin Cash (BCH) is down 4.1% due to concerns over Mt. Gox's $2.84 billion repayment plan, which could lead to mass selling of Bitcoin and other cryptocurrencies.
The significant movement of Bitcoin due to Mt. Gox's repayment plan has led to market anxiety. Investors fear a sudden increase in Bitcoin supply, which could lead to mass selling. This fear has extended to Bitcoin Cash, causing its price to drop.
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