Why Bitcoin Cash Is Falling Tuesday
Why Bitcoin Cash Is Falling Tuesday
Bitcoin Cash, closely tied to Bitcoin's market trends, could face headwinds throughout Tuesday's session as the overall market cools, underscoring its susceptibility to Bitcoin's price movements.Bitcoin Cash (CRYPTO: BCH), a cryptocurrency stemming from a 2017 Bitcoin fork, traded lower by 2.9% to $483.68 during Tuesday's session as Bitcoin's price slipped from its recent highs, dampening bullish sentiment across the crypto market.
比特幣現金（加密貨幣：BCH）是一種源自2017年比特幣分叉的加密貨幣，在週二的交易中下跌2.9％，至483.68美元，原因是比特幣價格從近期高點下滑，抑制了整個加密市場的看漲情緒。
What To Know: Bitcoin, the industry's flagship asset, was trading at $93,000 as of 11:00am EST retreating after nearing the $100,000 milestone. This resistance level has emerged as a critical psychological and technical barrier.
須知：截至美國東部時間上午11點，該行業的旗艦資產比特幣的交易價格爲93,000美元，在接近10萬美元的里程碑後回落。這種阻力水平已成爲關鍵的心理和技術障礙。
The broader cryptocurrency market reflected this slowdown, with Bitcoin-related equities also tumbling in pre-market trading. Analysts are signaling caution, citing overextended bullish sentiment and waning momentum. A prominent trader predicted that if Bitcoin fails to surpass $100,000, a correction to $85,600 could follow.
更廣泛的加密貨幣市場反映了這種放緩，與比特幣相關的股票也在盤前交易中暴跌。分析師表示謹慎，理由是看漲情緒過度擴大，勢頭減弱。一位著名交易員預測，如果比特幣未能突破100,000美元，則可能會修正至85,600美元。
Bitcoin Cash, closely tied to Bitcoin's market trends, could face headwinds throughout Tuesday's session as the overall market cools, underscoring its susceptibility to Bitcoin's price movements.
隨着整個市場的降溫，與比特幣市場趨勢密切相關的比特幣現金可能會在整個週二的交易日面臨阻力，這凸顯了其對比特幣價格走勢的敏感性。
Read Also: Michael Saylor's MicroStrategy Convertible Notes To Buy Bitcoin Offer No Interest, So Why Are Investors Rushing To Buy Them?
另請閱讀：邁克爾·塞勒的用於購買比特幣的MicroStrategy可轉換票據不收取利息，那麼爲什麼投資者急於購買它們呢？
