Bitcoin buyers wary of July sub-$58K floor amid onchain data ‘anomaly’
Bitcoin HODL waves data revealed an unusually muted reaction to Bitcoin’s drop below $58,000, raising questions over its status as a bear-market floor.
The trading volume of Bitcoin Cash (BCH) is $227,679,830.00 in the last 24 hours, with stable market activity.
Bitcoin Cash (BCH) reached an all-time high of $3,785.82 on Dec 19, 2017 and an all-time low of $76.93 on Dec 15, 2018 . It's now trading 93.91% below that peak and 199.60% above its lowest price.
Market capitalization of Bitcoin Cash (BCH) is $4,630,322,952 and is ranked #21 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of BCH tokens (20,087,950 tokens are tradable on the market today).
The fully diluted valuation (FDV) of Bitcoin Cash (BCH) is $4,840,080,000. This is a statistical representation of the maximum market cap, assuming the maximum number of 21,000,000 BCH tokens are in circulation today. Depending on how the emission schedule of BCH tokens are designed, it might take multiple years before FDV is realized.
With a price decrease of 6.30% in the last 7 days, Bitcoin Cash (BCH) is underperforming the global cryptocurrency market which is up 5.1%, while underperforming when compared to similar Smart Contract Platform cryptocurrencies which are up 4.1%.
The circulating supply of Bitcoin Cash (BCH) is 20,087,950 BCH tokens, which represents 95.66% of the maximum supply of 21,000,000 tokens.
You can buy Bitcoin Cash (BCH) on various cryptocurrency exchanges. The most popular exchanges for trading BCH are typically centralized exchanges (CEX) like Binance, Coinbase, and Kraken, as well as decentralized exchanges (DEX) on the Native network. Always ensure you're using a reputable exchange and enable two-factor authentication for security.
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Bitcoin HODL waves data revealed an unusually muted reaction to Bitcoin’s drop below $58,000, raising questions over its status as a bear-market floor.
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