#USMayCoreInflationBelowForecast
Why is Bitcoin Cash (BCH) crashing? The keys behind its drop.$BCH
@BitcoinCash Bitcoin Cash (BCH) is racking up significant monthly and weekly losses, prompting us to analyze this pullback.$BCH
#BitcoinCash As of writing this article, BCH is trading at $208, with daily losses of 2%, weekly losses of 26.8%, and monthly losses of 53.8%. After plummeting nearly 36% during May, BCH continued to slide in June without showing any significant bounce yet.
◽What’s behind the heavy losses of BCH?
The price of BCH keeps dropping despite the rollout of the much-anticipated Layla upgrade in mid-May. However, the market isn’t punishing BCH because Layla was a flop. Instead, this important upgrade has taken a backseat due to other factors that have taken center stage.
The drop in BCH appears to be primarily driven by a capital exit from mid-cap altcoins, combined with the bearish sentiment currently dominating the crypto market.$BCH
Why is Bitcoin Cash (BCH) crashing? The keys behind its drop.$BCH
@BitcoinCash Bitcoin Cash (BCH) is racking up significant monthly and weekly losses, prompting us to analyze this pullback.$BCH
#BitcoinCash As of writing this article, BCH is trading at $208, with daily losses of 2%, weekly losses of 26.8%, and monthly losses of 53.8%. After plummeting nearly 36% during May, BCH continued to slide in June without showing any significant bounce yet.
◽What’s behind the heavy losses of BCH?
The price of BCH keeps dropping despite the rollout of the much-anticipated Layla upgrade in mid-May. However, the market isn’t punishing BCH because Layla was a flop. Instead, this important upgrade has taken a backseat due to other factors that have taken center stage.
The drop in BCH appears to be primarily driven by a capital exit from mid-cap altcoins, combined with the bearish sentiment currently dominating the crypto market.$BCH