{"id":500336,"date":"2022-08-29T11:33:18","date_gmt":"2022-08-29T11:33:18","guid":{"rendered":"https:\/\/wncen.com\/?p=500336"},"modified":"2022-08-29T11:33:18","modified_gmt":"2022-08-29T11:33:18","slug":"bitcoin-cash-loses-10-in-last-24-hours-despite-40-hike-in-trading-volume","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-cash-loses-10-in-last-24-hours-despite-40-hike-in-trading-volume\/","title":{"rendered":"Bitcoin Cash Loses 10% In Last 24 Hours, Despite 40% Hike In Trading Volume"},"content":{"rendered":"
Bitcoin Cash had shed 24% of its value in the previous 12 days. Leading coins like Bitcoin (BTC) and Ethereum (ETH) have also experienced double-digit losses over the past 26 days as a result of the broader market slump.<\/span><\/em><\/p>\n
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\u00a0 \u00a0 \u00a0 \u00a0 BCH support present at $113.2<\/span><\/li>\n
\u00a0 \u00a0 \u00a0 \u00a0 BCH price currently trades at $115.65<\/span><\/li>\n<\/ul>\n
Bitcoin Cash has already shed 10% of its value in the last 24 hours. This, despite enjoying 40% increase In trading volume in the last 30 days.<\/p>\n
Since the start of the month, the total market capitalization of cryptocurrencies has decreased by nearly 5%. The broader market slump has had an effect on Bitcoin Cash (BTC), which has a strong positive correlation with BTC.<\/span><\/p>\n
More so, BCH increased by 40% in value over the past 30 days, trading at $145.92 as of August 15.\u00a0<\/span>The assessments of BCH’s price changes on a daily chart also did not provide optimistic information. <\/span><\/p>\n
Investors have steadily dropped their BCH holdings since August 19.<\/span><\/p>\n
Meanwhile, Relative Strength Index (RSI), Money Flow Index (MFI), and Chaikin Monkey Flow (CMF) were all pushed below their respective neutral zones by the increase in coin distribution.<\/span><\/p>\n