Bitcoin Cash Price Drops 10.7% – Has the Massive Crypto Rally Stalled?

[MathGame]

The bitcoin cash (BCH) price endured a significant correction on Thursday as the fifth-largest cryptocurrency dropped 10.7-percent from its session high.

Top Cryptocurrencies Pull Back from Recent Highs

The BCH-to-dollar rate had surged around 100-percent since Monday morning, leaving its top rival bitcoin behind in terms of overall gains. The pair extended its rally towards $341.66 after the US market open yesterday. Later, it corrected to circa $280 in just two hours – its intraday low.

The next BCH flight was not much impressive, as it recovered a mere 8-percent against an overall 22-percent downside correction. As of 16:30 UTC, bitcoin cash was trading at $285.37.

Crypto exchanges posted BCH volumes worth about $3.89 billion, calculated in real-time per a 24-hour adjusted timeframe. Tether’s stablecoin USDT seized a majority of BCH spot trades, followed by South Korean Won and bitcoin.

https://www.ccn.com/bitcoin-cash-price-drops-10-7-has-the-massive-crypto-rally-stalled

[poodle63]

The bitcoin cash (BCH) price endured a significant correction on Thursday as the fifth-largest cryptocurrency dropped 10.7-percent from its session high.

Top Cryptocurrencies Pull Back from Recent Highs

The BCH-to-dollar rate had surged around 100-percent since Monday morning, leaving its top rival bitcoin behind in terms of overall gains. The pair extended its rally towards $341.66 after the US market open yesterday. Later, it corrected to circa $280 in just two hours – its intraday low.

The next BCH flight was not much impressive, as it recovered a mere 8-percent against an overall 22-percent downside correction. As of 16:30 UTC, bitcoin cash was trading at $285.37.

Crypto exchanges posted BCH volumes worth about $3.89 billion, calculated in real-time per a 24-hour adjusted timeframe. Tether’s stablecoin USDT seized a majority of BCH spot trades, followed by South Korean Won and bitcoin.

https://www.ccn.com/bitcoin-cash-price-drops-10-7-has-the-massive-crypto-rally-stalled

No doubt about that, after this PnD coin gets a really big and non-sense increase and then it must get the big correction compared with another coin. But it looks like BCH can maintain its dump very well and this time it's not so big as the article said.

[vit05]

There was other coins that have lost more value. The correction appears to still be on. And we are seeing people still on doubt about the price. Maybe only the guy, or group, who started the rally really knows what's going on. So we could have another jump and altcoin will go up again more them 15% or we could go down a little more. We need real news, positive or negative, to be more certain about the price. Bch is not Bitcoin, so it will always follow the king.

[Fluxtorrence9]

With the recent Btc price surge it has proven to me that bitcoincash will bring a better profits than most altcoins on the market but this surge feels to early for me as I wasn't expecting it this sooner ,since crypto is unpredictable it's better to just relax and wait to see what plays out

[Joran_crypto]

A few months back, BCH Hard fork took place and since Bitcoin Cash ABC won the hash run, BCH ABC and BCH are merged together and are a single entity. Very recently, blockchain.com introduced a new tool for crypto enthusiasts to get a better understanding of the intricacies of their cryptocurrency. They launched a Bitcoin Cash explorer that helps people search for transaction hashes, addresses, and blocks on the BCH blockchain.

BCH might go out for global adoption by mainstream users, and provide a solid foundation that businesses can rely on. This will embark on a new journey for BCH, where it might go for partnerships with global institutions. Not only that it is going to come up with extravagant features like timestamping, representative tokens and more complex transaction scripting. 2019 will see sunshine all throughout, mostly. Just in the second quarter, BCH might see a marginal increase

[leea-1334]

But,,, it is not even a massive crypto rally. What happened was a huge pump or spike for Bitcoin, and of course, all of the crypto market followed. This is not yet a recovery. This is not yet a recovery. So a small correction still has to happen. The massive rally has not started. When it does, there will be no stalling,,, just a full stop before the next crypto winter starts anew.

[d1ceplayer]

I am not surprised that the price of Bitcoin cash has dropped by 10%, I believe that the team behind the project are the once manipulating the price of the coin yo get to a particular height so that they can dump on people making a lot of profit for themselves.

This is the biggest problem we have with the crypto space that anyone with a little amount of fame can manipulate the market to suit themselves so that they can make profit within short period of time.

[davinchi]

With the recent Btc price surge it has proven to me that bitcoincash will bring a better profits than most altcoins on the market but this surge feels to early for me as I wasn't expecting it this sooner ,since crypto is unpredictable it's better to just relax and wait to see what plays out

You know these scenario is just like a prisoner that has been chained down for years and then one day, someone decides to free him within minutes  without any prior notice or his awareness, you know that the prisoner will still be working as though he was still on chain for sometimes even when there no longer one on him till he gets use to it, this is our case too, bear market has already made us prisoner for too long that we don’t want to quickly recognize out freedom when we see one, this is a complete freedom from the bear market and I don’t see anything that happened as abnormal, it was long due and for the rest of this year the market will run on this lane for a while.

[mrdeposit]

I can not guess because I am unaware about the reason. Even I did not hear any reason. But the next increase will be depended on BTC. In the last fall BCH was at the price it was not worthy of, and maybe increase helped to find its place.

[Whosdaddy]

Well, it will still bounce back, I think bitcoin too dropped a little bit and since most of them all depends on BTC for their major increase, whatever direction BTC takes is virtually what all of these altcoins follow too, once BTC goes back up again, they will all follow, these is why we have to have our major investment on BTC, because whatever action we take on BTC surely affect the rise of our altcoins, so if we want to continue having increase in altcoins as we desire, then more investment in Bitcoin should be done, while there working products will do the rest for them.

[5ensei]

There are going to be ups and downs in the market, this is just a drop following the other trends in the market. Surprisingly, it has outperformed bitcoin in the pumps so no doubt it will outperform bitcoin when everything dumps

[playboy654]

Yes everything has a drop up in the Crypto field so I think this will also happen for Bitcoin cash but it will not the only future that is definitely changes happened for every cryptocurrency and the future will definitely good for me to invest Crypto currencies like Bitcoin cash.

[akram143]

The bitcoin cash (BCH) price endured a significant correction on Thursday as the fifth-largest cryptocurrency dropped 10.7-percent from its session high.

Top Cryptocurrencies Pull Back from Recent Highs

The BCH-to-dollar rate had surged around 100-percent since Monday morning, leaving its top rival bitcoin behind in terms of overall gains. The pair extended its rally towards $341.66 after the US market open yesterday. Later, it corrected to circa $280 in just two hours – its intraday low.

The next BCH flight was not much impressive, as it recovered a mere 8-percent against an overall 22-percent downside correction. As of 16:30 UTC, bitcoin cash was trading at $285.37.

Crypto exchanges posted BCH volumes worth about $3.89 billion, calculated in real-time per a 24-hour adjusted timeframe. Tether’s stablecoin USDT seized a majority of BCH spot trades, followed by South Korean Won and bitcoin.

https://www.ccn.com/bitcoin-cash-price-drops-10-7-has-the-massive-crypto-rally-stalled

we don't expect a price drop in the year of 2018 we all are thinking the bit kind and the Bitcoin cash is go only up direction but suddenly 2018 will not support the development it's all about the demand and the supply again increases the development will also been increases very easily more than the previous time.

[btcmurat]

In the times when I think the bull market has begun, the market may not be able to lift a new rivalry. BCH will be priced naturally. But he doesn't have to make any claims about crossing Bitcoin.

[Adriano2010]

I think people start selling BCH and they see that bitcoin is the real bitcoin and not BCH as was claimed first time that BCH is real bitcoin, and i think in future maybe the price will drop more.