Bitcoin Cash Plummets 3.64% to $315 Amid Ongoing Decline

Bitcoin Cash (BCH) suffered another sharp decline on September 27-28. The cryptocurrency plummeted to $315 from $327 in just one hour, a drop of 3.64%. This loss is part of a larger downward trend, with BCH down 5.23% over the past 24 hours.

The price drop was measured using publicly available exchange prices collected by TokenPost from Binance's BCH/USDT spot market. During this time, long-position liquidations on exchanges like Binance, Bybit, and OKX totaled $360,000, while short liquidations were minimal at $0.

Bitcoin Cash currently ranks 22nd in terms of market capitalization, with a value of approximately $6.54024 billion.