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The Bitcoin Cash (BCH) price decline in November has continued this week, as the bears breached the $220 support territory. On-chain data analysis pinpoints the critical factors scuttling the BCH price recovery prospects.
Chinese crypto blogger and journalist Colin Wu, who extensively covers everything to do with the crypto space, exchanges, prices and so on, has taken to the X social media site to share some news about major Bitcoin exchange Mt. Gox, which ran 70% of BTC transactions between its foundation in 2010 and it closure in 2014 following a hack, where a lot of customer funds were stolen.
In the ever-evolving landscape of digital assets, Bitcoin Cash (BCH) emerges as a compelling contender, attracting attention due to its unique attributes. As we peer into the future, investors and enthusiasts alike contemplate BCH's potential trajectory in 2024.
In the ever-evolving landscape of cryptocurrencies, Bitcoin Cash (BCH) emerges as a compelling contender, sparking interest among investors and enthusiasts alike. As 2024 approaches, the market buzz around Bitcoin Cash's potential ascent intensifies.
Bitcoin cash price started a fresh decline from the $250 zone against the US Dollar. The price is now trading below the $240 zone and the 55 simple moving average (4 hours).
Bakkt is expanding its custody services shortly after its quarterly earnings report showed assets under custody declined 28%.
With a YTD growth of 145%, Bitcoin Cash price outperforms the 120% YTD growth in Bitcoin. However, despite the recent increase in BTC price with the window of Bitcoin Spot ETF getting shorter, the BCH price struggles to regain momentum.
Bitcoin cash is attempting a recovery wave from the $230 zone against the US Dollar. The price is now trading below the $245 zone and the 55 simple moving average (4 hours).
The cryptocurrency market went through a massive volatility event in the past 24 hours, first to the upside and later to the downside. High volatility also means high derivatives volume and liquidity, which creates long-liquidations and short-squeeze opportunities.
Indeed, the blocks on the BCH blockchain are significantly larger than those of bitcoin, allowing the queue of transactions waiting for confirmation to be cleared much faster.
Following the failed attempt of an inverted head and shoulder breakout, the BCH price continues down the lateral path. Consolidating at the time of market recovery as Bitcoin reaches $35K, the altcoin struggles to cash in the high sentiments of investors.
Shiba Inu is now the 19th largest cryptocurrency by market capitalization.
In the ever-evolving realm of digital currencies, Bitcoin Cash (BCH) stands out as a fascinating case study in the dynamics of cryptocurrency markets. This article delves into the influence of speculation, hype, and market sentiment on BCH, offering insights into the past, present, and potential future of this cryptocurrency.
Dog-themed cryptocurrency Shiba Inu (SHIB) has flipped Bitcoin Cash in terms of market capitalization. This is as capital flows into the crypto market, reaching the highest level of the year.
Bitcoin Cash (BCH) has been mirroring Bitcoin's upward trajectory, nearly breaching the $250 resistance level, only to encounter a significant setback. Despite the bullish momentum, BCH's future is somewhat uncertain due to its recent removal from a prominent cryptocurrency exchange.
In a significant development within the cryptocurrency landscape, EDX Markets, a U.S.-based virtual asset exchange, has officially announced its decision to delist Bitcoin Cash (BCH) from its roster of supported cryptocurrencies. This move has captured the attention of investors and ignited discussions in the cryptocurrency community, raising questions about the motives behind the decision.
The cryptocurrency market has witnessed its fair share of ups and downs, and Bitcoin Cash is no exception. In recent weeks, BCH enthusiasts have been closely monitoring the price as it grapples with the stubborn resistance at $250.
Bitcoin cash price started a fresh decline from the $270 zone against the US Dollar. The price is now trading below the $250 zone and the 55 simple moving average (4 hours).
Bitcoin Cash has followed the general growth trend of Bitcoin with the price almost clearing the $250 resistance before being rejected. Even though BCH maintains this bullish momentum, it is not completely in the clear following its delisting from one crypto exchange.
Institutional crypto exchange EDX Markets removed Bitcoin Cash from its website after listing BCH at launch.
According to a recent report, the U.S.-based virtual asset exchange, EDXM or EDX Market, has confirmed its plans to delist the Bitcoin Cash (BCH) crypto from its trading offerings. The news has attracted the investors' attention while sparking curiosity and raising questions within the cryptocurrency community.
Bitcoin Cash price continues to languish below the $250 resistance this week. On-chain data analysis pinpoints the critical factors scuttling the BCH's bullish momentum.
The cryptocurrency market is currently experiencing a significant uptrend, signalling a robust and sustainable bullish momentum. This positive shift is characterized by a widening market breadth, indicating that a substantial number of coins are actively participating in the rally.
The crypto market is pulsating with new developments, with Bitcoin (BTC) reclaiming heights unseen since May 2022. The anticipation surrounding the U.S. spot Bitcoin ETF has invigorated market participants, triggering a substantial price push and a consequential short squeeze.
