Why Bitcoin Cash (BCH) Is Falling
Why Bitcoin Cash (BCH) Is Falling
Bitcoin Cash is trading lower by 4.1% to $382.50 Tuesday morning. Shares of several altcoins are falling Tuesday in sympathy with Bitcoin as the apex crypto drops roughly 2% for the session. Traders and investors are reacting after defunct crypto exchange Mt. Gox reportedly initiated a $2.84 billion repayment plan, transferring 44,527 BTC to Kraken for distribution. This significant movement raises concerns of mass selling by creditors.
比特幣現金週二早上下跌了4.1%，至382.50美元。隨着頂級加密貨幣比特幣本次交易下跌約2%，多個交易的份額同步下跌。據報道，破產的加密貨幣交易所Mt. Gox啓動了一項28.4億美元的償還計劃，將44,527 BTC轉移到Kraken進行分配。債權人的大量動用引起了大規模出售的擔憂。
Why This Matters To BCH Investors
這對BCH投資者有什麼影響
When a substantial amount of Bitcoin is moved, especially in connection with a known event like Mt. Gox repayments, it can lead to market anxiety and speculation. Investors might fear a sudden increase in Bitcoin supply if creditors decide to sell their received Bitcoins. This fear can cause a chain reaction of selling, affecting not just Bitcoin but also other cryptocurrencies, including Bitcoin Cash.
當大量比特幣在與Mt. Gox償還等已知事件相關聯的情況下進行轉移時，可能會引起市場焦慮和猜測。投資者可能會擔心如債權人決定出售所接收的比特幣，會導致比特幣供應突然增加。這種擔心可能會引起一系列的拋售，不僅影響比特幣，還會影響其他加密貨幣，包括比特幣現金。
Read Also: What's Going On With Bitcoin Mining Stock Iris Energy?
還需閱讀：比特幣礦業股票Iris Energy發生了什麼事？
Bitcoin Cash, being less liquid compared to Bitcoin, can experience more significant price movements from relatively smaller trades. If investors are liquidating Bitcoin in anticipation of falling prices, they might also liquidate their Bitcoin Cash holdings to mitigate potential losses, thus driving down BCH prices.
與比特幣相比，比特幣現金的流動性較低，因此可以因相對較小的交易而出現較大的價格波動。如果投資者預計比特幣價格下跌，他們可能也會清算其比特幣現金持倉以減輕潛在的損失，從而將BCH價格推向下跌。