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The Bitcoin Cash (BCH) price has fallen since its yearly high in June. It has nearly reached the $150 horizontal support area.

Bitcoin Cash recovery hangs in the balance as bearish pressure persist in the futures market.

The company behind the most valuable stablecoin in terms of market capitalization, Tether, has formally stopped supporting three separate blockchains. The stablecoin issuer halted minting USDT on Kusama (KSM), the Simple Ledger Protocol of Bitcoin Cash (BCH), and Omni Layer (OMNI) on Thursday.

Tether, the firm behind the largest stablecoin by market cap, has officially ended support for three different blockchains. On Thursday, the stablecoin issuer stopped minting USDT on Kusama (KSM), Bitcoin Cash's (BCH) Simple Ledger Protocol (SLP), and Omni Layer (OMNI).

With a market-wide FUD crashing altcoins, Bitcoin Cash price ends the consolidation range and falls under the 50-day EMA. Making two consecutive bearish candles, accounting for a 20% drop in BCH price, the breakdown rally tests the 200-day EMA. At the confluence of the 200-day EMA and the 61.

Tether has announced a strategic transition that will see the company withdraw support for USDT issued on Omni, Kusama, and Bitcoin Cash's Simple Ledger Protocol (SLP).

Tether, a prominent stablecoin issuer, has announced its decision to discontinue USDT blockchain support for Bitcoin, Kusama, and Bitcoin Cash, citing a meticulous evaluation of factors encompassing security, compliance, and customer support.

Tether ceases support for Kusama, Bitcoin Cash SLP, and Omni Layer due to evolving crypto needs. The move follows Q2 earnings surpassing $1 billion.

Bitcoin cash price started a fresh decline below the $220 zone against the US Dollar. The price is now trading below the $200 zone and the 55 simple moving average (4 hours).

Tether, the largest stablecoin issuer, announced it would stop supporting several smaller blockchain protocols over the coming year. This move reflects Tether's migration toward larger networks like Ethereum and Tron. Specifically, Tether will cease issuing and interacting with the dollar-pegged USDT token on Omni, Kusama, and Bitcoin Cash by August 17th, 2022.

Tether, the stablecoin issuer, is set to halt its support for USDT on the Bitcoin, Kusama, and Bitcoin Cash platforms following a strategic evaluation of blockchain usage and efficiency

Effective immediately, Tether will halt minting USDT on Omni, Kusama, and BCH-SLP layers

Tether (CRYPTO: USDT) Thursday announced that it will discontinue its support for USDT on the Bitcoin (CRYPTO: BTC), Kusama (CRYPTO: KSM), and Bitcoin Cash (CRYPTO: BCH) blockchains. What Happened: The stablecoin issuer evaluated the current transport layers and determined their relevance in the blockchain ecosystem.

With the Bitcoin Cash network's May 15 Cashtokens upgrade now three months behind us, bustling development in non-custodial wallets, marketplaces, non-fungible tokens (NFTs), games, and other applications continues unabated.

Instead of trading the chop in the middle of the range, a more consistent trade would be to look to short the range highs at the psychological $250 resistance

Bitcoin Cash (BCH) bulls have prevented a significant price drop below the $230 support level over the past week. On-chain data provides insights into potential price movements to anticipate if the BCH bears eventually seize control.

Bitcoin cash price started a fresh decline below the $250 zone against the US Dollar. The price is now trading below the $240 zone and the 55 simple moving average (4 hours).

Bitcoin Cash price action shows a falling channel pattern after facing extensive selling pressure above $300. The falling trend takes support at the 50-day EMA and the 23.60% Fibonacci level accounting for a drop to $220. However, the correction phase is part of a bullish flag pattern following the 200% jump in late June.

Following its peak at $328 for the year, the Bitcoin Cash (BCH) price has experienced a decline. This decline led the price to dip below the significant horizontal resistance level of $280.

A month after its incredible rally, BCH's price is nowhere near the peak initially reached. But certain indicators suggest a possible comeback.

Local authorities in the Indian state of Odisha took down a $120 million crypto Ponzi scheme on Tuesday. Local media revealed that the Economic Offences Wing (EOW) of the state police arrested two central figures behind the fraud that was operating pan-India.

After a bearish start to August 2023, Bitcoin Cash (BCH) price is finally flashing on-chain signals of a potential purple patch. With BCH short sellers suffering their highest liquidations since July 13, a market momentum swing could trigger another Bitcoin Cash price rally.

Bitcoin Cash was one of Monday's biggest movers, rising by as much as 5%, despite markets mostly consolidating to start the week. The global crypto market cap has been largely unchanged, with volatility mostly muted. Stellar also rose higher, avoiding a drop below a key support point.

Bitcoin (CRYPTO: BTC) edged higher, with the cryptocurrency prices trading above the key $29,000 level on Monday. Ethereum (CRYPTO: ETH) also moved slightly higher, trading above the key $1,800 mark this morning.