Markets· ★★· bearish·

Bitcoin Cash slips below $280 and its 200-day average after Fed pause

  • —BCH trades 2.2% below its 200-day average of $286.19
  • —Daily range of $275.32–$304.28, a drop of about 6%
  • —Fed held rates at 3.75–4.00%; Cook and Hammack voted for a hike
  • —BCH market cap $5.63 billion, 24-hour turnover $241.95 million
Why it matters: Losing the 200-day average reinforces the bearish case for BCH, while two dissents for a hike weigh on risk assets.
#BCH
Source: CryptoTicker
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