Why Bitcoin Cash Is Falling Today
Henry Khederian 4 years ago
CryptocurrencyMarketsMoversTrading Ideas
Shares of several popular altcoins, including Bitcoin Cash (CRYPTO: BCH), are trading lower again Monday in sympathy with apex cryptocurrency Bitcoin (CRYPTO: BTC) and second-largest market cap crypto Eth
Shares of several popular altcoins, including Bitcoin Cash (CRYPTO: BCH), are trading lower again Monday in sympathy with apex cryptocurrency Bitcoin (CRYPTO: BTC) and second-largest market cap crypto Ethereum (CRYPTO: ETH).
Crypto is likely trading lower in tandem with major U.S. indices, which are lower following worse-than-expected May CPI data. Rising inflation has caused economic concerns and has also raised expectations for further Fed policy tightening.
Bitcoin, the world's oldest cryptocurrency, fell to its lowest levels since the end of 2020 on Monday. The crypto market seems to be falling amid a selloff in broader risk assets after traditional markets traded sharply lower last week in the wake of runaway inflation data... Read More
According to data from Benzinga Pro, Bitcoin Cash is trading lower by 11.48% to $124.99 Monday evening. Bitcoin Cash is lower by 38.90% over the trailing month amid ongoing weakness in the broader cryptocurrency market.
See Also: What's Going On With Nio Shares Getting Hammered Today?