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Bitcoin cash is attempting a recovery wave from the $188 zone against the US Dollar. The price is now trading below the $200 zone and the 55 simple moving average (4 hours).
In the ever-volatile world of cryptocurrencies, Bitcoin Cash (BCH) has recently taken a hit, experiencing substantial double-digit losses in the past week. Its value plummeted to the $192 range as the broader cryptocurrency market grapples with a downward trend.
The cumulative Bitcoin Cash deposits in recognized Miners' Reserve wallets have dropped below 6 million BCH for the first time since November 2018. On-chain analysis examines how the growing bearish pressure puts the $150 BCH price support level at risk.
August was a bearish month for the cryptocurrency market. This was noticeable in the case of both Bitcoin (BTC) and various altcoins, which have experienced significant decreases since their yearly highs in July.
In a surprising twist of events, both Litecoin (LTC) and Bitcoin Cash (BCH) found themselves under downward pressure as the cryptocurrency market reacted to the release of the US nonfarm payrolls report. With 187,000 jobs added to the US economy in August, compared to a revised figure of 157,000 in July, the market witnessed shifts that caught the attention of investors.
In a surprising twist, Bitcoin Cash (BCH) has experienced a remarkable surge in price, reaching $218.93 today, marking a 1% gain within the past 24 hours and an impressive 15% increase over the past week. This sudden surge in BCH's value can be directly attributed to a recent and significant development involving Grayscale's appeal against the Securities and Exchange Commission (SEC).
Litecoin was down by as much as 5% during Friday's session, as markets reacted to the nonfarm payrolls report from the United States. 187,000 jobs were added to the economy in August, compared to the revised sum of 157,000 in July. Bitcoin cash also slipped, extending recent losses.
Bitcoin cash price started a downside correction from the $230 zone against the US Dollar. The price is now trading above the $195 zone and the 55 simple moving average (4 hours).
As the price of Bitcoin and the general crypto market has rallied, leading to a much-needed increase in price, Bitcoin Cash (BCH) investors are once again on a profitable path. The majority of investors are now in the green following its double-digit surge in the last week.
In a remarkable and unexpected turn of events, the cryptocurrency market is currently ablaze with excitement as Bitcoin Cash (BCH) experiences a surge of impressive proportions, marking a 15% increase in value within a mere 24-hour period. This meteoric rise has propelled the value of BCH to a remarkable $219.44, captivating the attention of investors and enthusiasts alike.
BCH witnesses growing positive sentiment, higher social engagement, and stable holders amid increased velocity.
Recently, Bitcoin Cash (BCH) and other major altcoins are marking an upward trajectory in their exchange values, thanks to a recent announcement indicating a favorable decision by the US federal appeals court.
In a groundbreaking ruling by the United States Court of Appeals for the D.C. Circuit on Tuesday, the path towards the approval of a spot Bitcoin exchange-traded fund (ETF) was cleared in the wake of the SEC vs. Grayscale Investments case.
Like previous times, Bitcoin Cash outperformed Bitcoin after a development that seemed to favor the king coin. Will this be the norm going forward?
Bitcoin cash (BCH) was one of Wednesday's biggest gainers, as markets remained jubilant following the Grayscale court ruling. Following a recent streak of consolidation, the global crypto market cap rose by as much as 4% on the news. toncoin (TON) also surged, climbing nearly 16% higher.
Bitcoin Cash (BCH), a Bitcoin spin-off created in 2017, increased by up to 17% following the news of Grayscale's victory over the SEC.
Bitcoin Cash (BCH) has reclaimed the $200 territory as the bulls look to reclaim losses from the altcoin market slump in mid-August. A vital on-chain indicator suggests that the BCH price rally is still some way off peak momentum.
Bitcoin Cash (BCH) and several prominent altcoins are experiencing an upward trajectory in their trading prices, attributed to a recent report indicating a favorable ruling by the US federal appeals court. The court's decision suggests that the US Securities and Exchange Commission (SEC) erred in its rejection of Grayscale's application for a spot bitcoin exchange-traded fund (ETF).
After soaring by 200% in June, it experienced a sharp drop, shedding almost 50% of its value. It slipped below the $200 mark, following a downward trend. However, just when things seemed bleak, BCH found solid ground around the $180 mark, which is close to its 200-day EMA.
Bitcoin is rising—but Bitcoin Cash and Stacks have seen much larger gains as the crypto market reacts to Grayscale's court win.
Bitcoin price jumped by more than 5% on Tuesday after Grayscale won a major lawsuit against the Securities and Exchange Commission (SEC). The coin rose by more than 5%, triggering a major rebound in the altcoins market.
Bitcoin Cash (BCH) clings to a newfound foothold over the $180 mark versus the US Dollar in a dynamic dance on the crypto stage, setting the stage for an exciting
Following the 200% rally in June, Bitcoin Cash lost almost half its value, falling under $200 and a falling wedge pattern. However, breaking under the support trendline, Bitcoin Cash finds a footing at the flat line of 200-day EMA. With a YTD growth of 99.
Bitcoin Cash price recovered from the $160 zone against the US Dollar. BCH might aim a fresh rally toward the $240 and $250 levels.
