Bitcoin Cash News Today – Bitcoin Cash BCH Falls by 6% in 4 Hours But Holds Support at $243 – May 4th, 2020

  • Bitcoin Cash BCH Starts to Drop Against the USD Losing Over 6% in About 4 Hours
  • The BCH Token Had Gained Over 37% on 7 days Before the Drop Started 

Bitcoin Cash BCH News – Throughout last week, the price of Bitcoin Cash BCH, like many other tokens on CoinMarketCap, was surging against the USD. The token increased by more than 37% in 7 days. Over the last 30 days, the price of Bitcoin Cash BCH has increased for 16 consecutive days. This is a big deal when you consider how poorly the token traded right after the halving event. It shows that investor confidence in the Bitcoin Cash token is increasing slowly but steadily.

Bitcoin Cash News Today – Bitcoin Cash BCH Price Prediction Today

This morning, the buyers became exhausted and there was a rejection of the BCH token on the 4-hour window. The token had lost over $8.17 in 4 hours. The downside correction is not a surprise as it’s not uncommon for downward corrections to come after upward surges. However, the rate at which the BCH token is falling is disturbing. Almost every other top token on CoinMarketCap is correcting lower but none is falling as fast as the BCH token.

Bitcoin Cash (BCH) Price Today – BCH / USD

NamePrice
bitcoin
Bitcoin
$10,731.15
bitcoin-cash
Bitcoin Cash
$226.02

At the beginning of trading this morning, the Bitcoin Cash BCH token was trading at.

$251.9. At the time of writing, the token was trading at $244.27. It is down by 6.59% against the USD and down by 2.94% against the price of BTC. The trading volume since yesterday is $3,795,066,470 and the market capitalization is $4,494,000,639. The big brother of BCH, Bitcoin, is also correcting lower after surging to the moon last week. It is trading at $8,703.25 because traders are trying to cash out their gains from the recent surge above $9,000.

In other news, many members of the cryptocurrency community believe that Bitcoin Cash has the potential to soar after the Coronavirus crisis comes to an end. One famous member of the BCH community, Spinbch said; “The most profitable opportunities never come from following the crowd. That’s why I am not worried at all about my investment in Bitcoin Cash. I can keep buying Bitcoin Cash for as long as it remains the hidden gem. I’m in it for the long haul, probably even my lifetime.”

Another member of the community called Scotland_BCH said; “Once the lockdown has been lifted I hope we get a Bitcoin Cash conference in Europe soon. Ideally for me in the United Kingdom but I am cool with going to somewhere like Amsterdam or Barcelona for it.”

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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