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Bitcoin Cash (BCH) Price Hits a Snag with 14 Percent Drop, Cedes Ground to Litecoin (LTC)
Bitcoin Cash price has dropped by more than 14 percent over the last 24 hours as the result of a significant market correction. According to CoinMarketCap (CMC) data, the price of the infamous Bitcoin fork is currently sitting at $279.24.
CoinMarketCap: BCH has plunged 14 percent
Yuri MolchanA major pullback
As reported by U.Today, BCH was the biggest winner of the recent short-lasting rally with a 54 percent price jump, which allowed it to surpass Litecoin (LTC) by market capitalization. With a 100 percent spike since Monday, Roger Ver’s favorite coin left Bitcoin and every altcoin behind when it comes to overall gains.
However, during an inevitable market correction, BCH is getting hit the hardest – as mentioned above, its price has already declined 14 percent. Thus, it becomes the world-performing currency inside the top 10.
Alex DovbnyaOther alts are bleeding too
Cardano, Litecoin, and Ethereum also recorded double-digit price drops over the last 24 hours. Notably, Ethereum isn’t even able to keep up its momentum after a major announcement about the release of new SEC guidelines that once again clarify that ETH is not a security. As of now, ETH is bearish with its price falling to $156.18 due to the fact that it cannot resists a strong selling pressure.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
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