Bitcoin Cash ($BCH) Crypto Forecast: Down 5.0% Today

What is Bitcoin Cash?

Bitcoin Cash (BCH) is a popular cryptocurrency that was created in 2017 as a result of a hard fork from Bitcoin. It aims to offer faster and cheaper transactions than its predecessor.

Why is Bitcoin Cash going down?

BCH crypto is down 5.0% on Jun 29, 2024 10:25

• The bearish movement in Bitcoin Cash (BCH) today could be attributed to the overall negative sentiment in the cryptocurrency market.
• The redistribution of BTC and BCH to investors by Mt. Gox amid a Bitcoin reaccumulation schematic may have caused uncertainty and fear among BCH holders, leading to selling pressure.
• Additionally, the German government's selloff of Bitcoin and the overall price wobbling in the market could have contributed to the downward pressure on BCH.
• The growth of Bitcoin Cash being undone and extending losses beyond April gains indicates a lack of bullish momentum and investor confidence in the short term.

BCH Price Chart

BCH News

Mt Gox To Redistribute BTC And BCH To Investors Amid Bitcoin Reaccumulation Schematic

Mt Gox To Redistribute BTC And BCH To Investors Amid Bitcoin Reaccumulation Schematic

https://coinpedia.org/press-release/mt-gox-to-redistribute-btc-and-bch-to-investors/

Bitcoin Cash (BCH) Growth Undone, Losses Extend Beyond April Gains

Bitcoin Cash (BCH) Growth Undone, Losses Extend Beyond April Gains

https://beincrypto.com/bitcoin-cash-bch-roi-sinks-to-low/

Bitcoin Selloff: German Gov’t Offloads Another $67 Million As Price Wobbles

Bitcoin Selloff: German Gov’t Offloads Another $67 Million As Price Wobbles

https://www.newsbtc.com/news/bitcoin/bitcoin-selloff-german-govt-another-67-million/

Mt. Gox begins $9 billion in bitcoin repayments in July

Mt. Gox begins $9 billion in bitcoin repayments in July

https://cryptovalleyjournal.com/hot-topics/news/mt-gox-begins-9-billion-in-bitcoin-repayments-in-july/?utm_campaign=rss_reader&utm_medium=rss&utm_source=feed_source&utm_content=Mt.+Gox+begins+%249+billion+in+bitcoin+repayments+in+July

2 Top Disruptor Solana Meme Coins Bouncing Back The Most

2 Top Disruptor Solana Meme Coins Bouncing Back The Most

https://coingape.com/markets/2-top-disruptor-solana-meme-coins-bouncing-back-the-most/

Trending Today

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ORDI ($ORDI) Crypto Forecast: Down 5.2% Today

Pepe ($PEPE) Crypto Forecast: Down 5.4% Today

Ethena ($ENA) Crypto Forecast: Down 5.8% Today

Starknet ($STRK) Crypto Forecast: Down 5.5% Today

ApeCoin ($APE) Crypto Forecast: Down 5.7% Today

Fetch.ai ($FET) Crypto Forecast: Down 5.8% Today

Bitcoin Cash Price History

27.05.2024 - BCH Crypto was up 5.1%

• The bearish movement in Bitcoin Cash (BCH) might be connected to the overall selloff in Bitcoin, as highlighted by the German government offloading $67 million worth of the digital asset.
• Additionally, the news of Mt. Gox beginning $9 billion in bitcoin repayments in July could have caused uncertainty and volatility in the cryptocurrency market, impacting BCH negatively.
• The market sentiment towards cryptocurrencies appears to be cautious, with Bitcoin briefly crashing below $60,000, leading to a ripple effect on altcoins like Bitcoin Cash (BCH).
• Amid the challenging market conditions, Bitcoin Cash (BCH) investors should keep a close watch on developments in the broader cryptocurrency space and regulatory environment to make informed trading decisions.

25.05.2024 - BCH Crypto was up 12.1%

• BCH had a strong bullish movement today, potentially influenced by positive sentiment in the overall cryptocurrency market.
• Despite the Bitcoin price crash, experts believe that there will be minimal sell pressure from the Mt. Gox resolution, which could have reassured investors and contributed to BCH's bullish movement.
• The focus on Mt. Gox Bitcoin distributions and the speculation on Bitcoin's bottom might have diverted attention from BCH, allowing it to thrive in the market.
• The resurgence of meme coins on the Solana blockchain could have also indirectly boosted confidence in alternative cryptocurrencies like BCH.

25.05.2024 - BCH Crypto was up 7.9%

• BCH displayed a strong upward movement today, potentially influenced by positive market sentiment within the cryptocurrency sphere.
• Recent developments involving substantial BTC repayments by Mt. Gox and affirmations from Galaxy Digital analysts regarding limited sell pressure from the resolution could have contributed to the positive momentum in the cryptocurrency market.
• Despite worries about potential Bitcoin price declines and disruptions from Mt. Gox repayments, the overall market confidence appears to have outweighed these concerns, resulting in a favorable impact on BCH and other digital assets.
• Speculation surrounding the possible Bitcoin price floor, coupled with analysts' predictions of minimal sell pressure from Mt. Gox, further bolstered the optimistic market outlook, propelling BCH prices upwards.

25.05.2024 - BCH Crypto was up 5.8%

• BCH experienced a bullish movement today as the market reacted positively to a significant announcement regarding the distribution of assets by Mt. Gox to its creditors.
• Analysts and firms like Galaxy Digital provided reassurance that the resolution of the Mt. Gox situation would likely have minimal negative impact on Bitcoin, thereby boosting investor confidence in the cryptocurrency market.
• Speculation surrounding the potential stability in the price of Bitcoin may have contributed to an optimistic sentiment, resulting in increased buying activity in BCH and other cryptocurrencies.
• Despite concerns about the effects of the Mt. Gox payouts on Bitcoin's price, the market seemed to focus more on the favorable aspects of the resolution, driving BCH's upward momentum.

24.05.2024 - BCH Crypto was up 9.0%

• BCH experienced a strong bearish movement, dropping more than 9% within 24 hours.
• The Mt. Gox Trustee announced a definitive date for Bitcoin and BCH repayments, potentially causing uncertainty and selling pressure in the market.
• The news of Mt. Gox repayments finally coming next month might have led to investors reallocating their funds, impacting the BCH price negatively.
• The overall bearish sentiment in the cryptocurrency market, with Bitcoin price crashing below $61,000, could have also contributed to the downward pressure on BCH.

24.05.2024 - BCH Crypto was up 8.3%

• The bearish movement in BCH today could be attributed to the overall negative sentiment in the cryptocurrency market following Bitcoin's price crash below $61,000.
• The news about Mt. Gox beginning to distribute Bitcoin and Bitcoin Cash to creditors next week may have caused uncertainty and potential selling pressure in the market, leading to a bearish trend in BCH.
• Investors might be concerned about the impact of the upcoming payouts on the overall supply and demand dynamics of Bitcoin and Bitcoin Cash, leading to a sell-off in BCH.
• The anticipation of increased selling pressure in July 2024 could have also contributed to the bearish movement in BCH as traders adjust their positions in response to this information.

24.05.2024 - BCH Crypto was up 7.7%

• The recent bearish movement in BCH is possibly linked to the negative sentiment prevailing in the cryptocurrency market after Bitcoin's price dipped below $61,000.
• The announcement of Mt. Gox distributing Bitcoin and Bitcoin Cash to creditors in the upcoming week may have intensified selling pressure on BCH, as some creditors appear to be in a rush to sell off their holdings.
• Speculations surrounding Mt. Gox's plan to initiate a $9 billion repayment program in July might have prompted investors to shift their investments away from BCH to other assets, thereby influencing a downward trend in the token's value.

24.05.2024 - BCH Crypto was up 8.6%

• The bearish movement in BCH today could be attributed to the overall negative sentiment in the cryptocurrency market following recent developments.
• The announcement of a repayment plan in Bitcoin and Bitcoin Cash might have caused uncertainty and fear among investors, leading to a sell-off in various cryptocurrencies including BCH.
• The anticipation of a distribution of Bitcoin to creditors in July could have also impacted the market sentiment, causing a downward pressure on BCH prices.
• Investors might be reacting to the repayment plan, possibly choosing to reallocate their investments in more stable assets amid the market uncertainty.

24.05.2024 - BCH Crypto was up 8.8%

• The bearish movement in BCH could be attributed to news concerning Mt. Gox beginning creditor repayments in Bitcoin and Bitcoin Cash, potentially causing investor anxiety and leading to a sell-off of BCH.
• The expectation of a substantial distribution of Bitcoin and Bitcoin Cash to creditors after a prolonged period of waiting likely created market uncertainty, contributing to a pessimistic outlook for BCH.
• The recent announcement by Mt. Gox about initiating creditor repayments soon and advising users to be patient may have triggered concerns among investors, resulting in a downward trend for BCH.
• Overall, the market response to developments regarding Mt. Gox's repayment initiative appears to have adversely affected BCH's price today.

24.05.2024 - BCH Crypto was up 8.9%

• BCH experienced a bearish movement today, possibly due to recent developments related to Mt. Gox's announcement of starting creditor repayments next month.
• The anticipation of repayments from the now-defunct Mt. Gox exchange could have influenced market sentiment, prompting investors to reposition their assets away from BCH.
• The upcoming Bitcoin and Bitcoin Cash repayments starting in July may have raised concerns among BCH investors regarding potential market sell-offs.
• Uncertainty surrounding Mt. Gox's repayments and their potential impact on the cryptocurrency market likely played a role in driving BCH's bearish movement today.

24.05.2024 - BCH Crypto was up 9.2%

• The announcement of starting Bitcoin repayments by a major crypto exchange might have shifted investor focus towards Bitcoin (BTC), causing a sell-off in Bitcoin Cash (BCH) as traders reallocated their investments.
• Expert analysts predicting a further drop in the crypto market, including Bitcoin Cash, could have contributed to the bearish movement as investors reacted to the negative price analysis.
• The decline in profitability of Bitcoin futures cash-and-carry trade might have led to a cautious sentiment among traders, impacting the overall cryptocurrency market, including Bitcoin Cash.
• The contrasting performance of Bitcoin Cash floundering while another cryptocurrency soars could have highlighted investor preferences for other cryptocurrencies, leading to a sell-off in Bitcoin Cash.

24.05.2024 - BCH Crypto was up 5.4%

• Despite a recent price increase, Bitcoin Cash (BCH) witnessed a significant downward trend.
• The decline in profitability of Bitcoin futures cash-and-carry trade potentially influenced the negative market sentiment in the cryptocurrency sector.
• Reports of Bitcoin Cash struggling while alternative cryptocurrencies like Toncoin surged likely had a detrimental impact on investor trust in BCH.
• The ongoing uncertainty regarding Bitcoin Cash's recovery and its dependence on investor activity to boost its value may have contributed to today's bearish movement in BCH.