Sellers pounce after 21% BCH spike
Notícias do Bitcoin Ethereum Bitcoin Cash price is down 5% on the day after rising 21% on Tuesday as Grayscale news helped push BCH to above $228. Sellers could push the altcoin‘s price lower amid broader market’s profit taking deals. Bitcoin Cash (BCH) was one of the biggest gainers Tuesday after crypto surged on news of Grayscales court victory against the US Securities and Exchange Commission (SEC). Bitcoin Cash paring gains after huge spike BCH rose to $228, rising a notable 21% on the day as the market repriced news of a Bitcoin ETF approval. The altcoin ended the day 18% up. Santiment compartilhado the chart below showing BCH led the crypto spike. ???? After the news of #grayscalea vitória sobre o # SEC quickly lifted #crypto markets, the biggest notable beneficiary actually has turned out to be #BitcoinCash, due to its increased exposure. This phenomenon was similar to what we saw in mid-June when the #ETF news was first - Santiment (@santimentfeed) 29 de agosto de 2023 Bitcoin Cash is however trading 5% down on the day as can be seen in the chart below. Sellers appear to be taking control after rejection at the critical horizontal level that also marked the point of further downward