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Why Bitcoin Cash Is Diving

June 6, 2022
in Bitcoin Cash
0

Shares of several popular altcoins, including Bitcoin Cash BCH/USD, are trading lower. The weakness is in sympathy with the overall stock market as traders continue to digest Wednesday’s Fed rate hike announcement. 

An increase in yields has pressured the broader stock market, with technology and growth stocks receiving a brunt of the selloff.

The Federal Reserve raised its target fed funds rate by 0.5% on Wednesday to a new range of between 0.75% and 1.0%, its first rate hike of at least half a percentage point in more than 20 years. The Fed also said it will begin reducing the size of its balance sheet starting on June 1… Read More

See Also: What’s Going On With Twilio Stock Today?

According to data from Benzinga Pro, Bitcoin Cash is trading lower by 8.52% at $275.80 Thursday. Bitcoin Cash is lower by 25.72% over the trailing month amid ongoing weakness in the cryptocurrency market.

This news is republished from another source.


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Name Price
bitcoin
Bitcoin (BTC)
$23,160.00
ethereum
Ethereum (ETH)
$1,592.11
USDEX
USDEX (USDEX)
$1.08
tether
Tether (USDT)
$1.00
usd-coin
USD Coin (USDC)
$1.00
binancecoin
BNB (BNB)
$307.51
ripple
XRP (XRP)
$0.412364
binance-usd
Binance USD (BUSD)
$1.00
cardano
Cardano (ADA)
$0.386860
dogecoin
Dogecoin (DOGE)
$0.088883


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  • bitcoinBitcoin(BTC)$23,160.000.25%
  • ethereumEthereum(ETH)$1,592.11-0.34%
  • USDEXUSDEX(USDEX)$1.080.27%
  • tetherTether(USDT)$1.000.00%
  • usd-coinUSD Coin(USDC)$1.000.02%
  • binancecoinBNB(BNB)$307.51-0.06%
  • rippleXRP(XRP)$0.4123640.28%
  • binance-usdBinance USD(BUSD)$1.000.01%
  • cardanoCardano(ADA)$0.386860-0.40%
  • dogecoinDogecoin(DOGE)$0.0888831.37%
  • matic-networkPolygon(MATIC)$1.13-0.80%
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  • solanaSolana(SOL)$24.02-1.63%
  • staked-etherLido Staked Ether(STETH)$1,589.83-0.33%
  • polkadotPolkadot(DOT)$6.47-1.60%
  • shiba-inuShiba Inu(SHIB)$0.0000121.10%
  • litecoinLitecoin(LTC)$94.446.58%
  • avalanche-2Avalanche(AVAX)$20.34-2.94%
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  • uniswapUniswap(UNI)$6.75-0.82%
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  • apecoinApeCoin(APE)$6.02-4.49%
  • quant-networkQuant(QNT)$150.26-0.89%
  • nearNEAR Protocol(NEAR)$2.49-3.82%
  • crypto-com-chainCronos(CRO)$0.081195-1.07%
  • filecoinFilecoin(FIL)$5.34-1.70%
  • lido-daoLido DAO(LDO)$2.28-4.31%
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  • theta-tokenTheta Network(THETA)$1.08-3.28%