Data: BCH's open contracts have fallen 47% since the halving
PANews reported on April 12th, according to data from CoinGlass cited by Cointelegraph, the open interest of BCH contracts fell 47% to $378.3 million from its peak of $708.5 million before BCH halving. As the open interest decreased, the price of BCH also dropped by 13%. According to data from CoinMarketCap, most of this decline occurred on April 10th; after four days of intense fluctuations between $676 and $691, it plummeted by 7.51% within three hours.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
U.S. stocks closed lower with all three major indexes down, while Tesla rose 3.5%
Data: FIS rises over 28%, CTK and others experience a surge followed by a pullback
Analyst: Bitcoin Remains Highly Volatile Between $85,000 and $94,000