The current cryptocurrency market situation doesn’t exactly instill a lot of confidence. That is only to be expected, considering how all of the top markets are in the red once again. The Bitcoin Cash price has lost 5.2% over the past 24 hours, which make sit one of the bigger “losers” in the top fifteen.
Bitcoin Cash Price Decline is Very Real
It is evident there is a lot of bearish pressure across all of the cryptocurrency markets for some unknown reason. Turning that situation around will not be easy whatsoever, but it seems there will be a lot of positive momentum later this year. That is what the experts expect, at least, but the current Bitcoin Cash price momentum isn’t exactly all that great.
To be more specific, the recent 5.20% Bitcoin Cash price decline shows how some altcoins will continue to suffer more from this bearish momentum compared to Bitcoin. It is not entirely uncommon to see altcoins lose even more value when the Bitcoin price is declining, though. In the case of the Bitcoin Cash price, remaining above $1,000 won’t prove much of a challenge, but anything above $1,050 may prove to be rather difficult.
There is also the decline in the BCH/BTC ratio to keep in mind at all times. Although this decline is less steep than the USD decline for Bitcoin Cash, it isn’t helping matters much at this stage. Even so, the Bitcoin Cash price is still going through a rough period, and it i
