Bitcoin Cash Drops 8.7% Amid Crypto Market Liquidation Wave

Key Facts

1Bitcoin Cash price dropped 8.72% over 24 hours, falling to $274.

2The cryptocurrency recorded a sharp decline of 3.42% within a single hour.

Bitcoin Cash price dropped 8.72% over 24 hours to reach $274. TokenPost reported that the cryptocurrency recorded a sharp decline of 3.42% within a single hour, with the price sliding from $284 to $274 based on spot-market data from Binance.

The decline is part of a broader crypto market slump driven by $651 million in long liquidations following hawkish signals from the Federal Reserve. Bitcoin Cash maintained a market capitalization of approximately $5.7103 billion, ranking 22nd among digital assets by market size.