BCH Suffers Broad Crypto Decline Amid Macro Fears

The price of Bitcoin Cash (BCH) dropped by 4.24% over the last ~14 hours, but this decline is primarily due to a broad, macro-driven crypto selloff rather than any BCH-specific news.

This selloff was part of a wider risk-off move tied to energy and rate fears. The global crypto market cap fell about 3.55% in 24h, from roughly $2.71 trillion to $2.61 trillion.

BCH's decline is consistent with it behaving as a higher beta altcoin tracking Bitcoin's direction with amplified volatility. Over the last 24 hours, Bitcoin (BTC) is down about 3.48%, while BCH is down about 8.15% over the same period.