Bitcoin Cash Price Plunges Amid Broader Crypto Market Surge

The price of Bitcoin Cash (BCH) is currently trading at $252.34 per unit, down by 3.47% from its previous close.

This decline comes on the back of a broader market trend, where crypto-related stocks are surging despite interest rate hikes and ETF outflows.

The Federal Reserve raised interest rates by 25 basis points to 3.75%-4%, but the dot plot signals the end of tightening. Bitcoin climbed to $76,621, and risk assets rebounded as a result.

Circle and Coinbase were among the crypto stocks that sank following the U.S. Senate's rejection of the Clarity Act, a long-awaited market structure bill.