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Bitcoin Cash Price: Down by 8.57 percent

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Bitcoin Cash Price slides below the $255 price line, marking an 8.57 percent decrease in the 24-hour journey of the cryptocurrency.

Bitcoin Cash/United States Dollar 1-Day Price Chart:

Bitcoin Cash Price: Down by 8.57 percent 1

Price Chart by TradingView

The Bitcoin Cash price stayed above and near the 264 US dollar price level. The cryptocurrency hit its daily-high, just below the $270 price line at $268.98.

Closer to the end of the day, the cryptocurrency took a steep bearish fall, going down to 239.42 US dollars, which is also the trading price of the pair at the time of writing.

Bitcoin Cash Price: Expectations

Bitcoin Cash Price: Down by 8.57 percent 2

Bitcoin Cash Price Chart by TradingView

The trading pair’s moving averages have observed the same path as the price-line and they still continue to do so. According to the chart, at the time of writing the 20-day Exponential Moving Average (EMA) lies at the 247.40 US dollars.

The 50-day Moving Average (MA) rests at 251.57 US dollars. The Relative Strength Index (RSI) continues to exhibit a ruffled path, and it currently lies further below level 30.

According to coinmarketcap.com, currently, the cryptocurrency is ranked four in the list of top cryptocurrencies based on their market caps. Bitcoin Cash has a 4,503,747,904 US dollar market capitalization.

Featured Image by Pexels.

 

Aroosa Nadeem

Aroosa Nadeem

A media graduate and passionate media person Aroosa has a knack for digital media journalism and outreach. She has contributed content to different digital media publishers in a variety of areas including technology, health and finance.

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