Bitcoin Cash Falls More Than 4% In 24 hours - Benzinga

Bitcoin Cash Experiences Significant Decline

In the past 24 hours, Bitcoin Cash's (BCH/USD) price has dropped over 4%, reaching a value of $323.87. This decline follows a negative trend observed over the last week, where the cryptocurrency experienced an 8% loss. The decrease in value moved the price from $348.97 to its current level.

The trading volume for Bitcoin Cash increased by 19% during this period, aligning with the overall circulating supply of the coin, which increased by 0.09%. With a total circulating supply of 19.75 million and making up an estimated 94.06% of its maximum supply of 21 million, Bitcoin Cash is currently ranked #19 in market capitalization at $6.40 billion.

The chart below demonstrates the price movement and volatility for Bitcoin Cash over the past 24 hours (left) compared to its price movement over the last week (right). The gray bands represent Bollinger Bands, which measure the volatility for both daily and weekly price movements. Wider bands indicate higher volatility.

Benzinga does not provide investment advice; this article is for informational purposes only.