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（CRYPTO: BCH）是2017年比特幣分叉而來的一種數字貨幣，在週二的交易中下跌了2.9%，至483.68美元，因爲比特幣的價格從最近的高點下滑，抑制了整個加密貨幣市場的看好情緒。
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.
了解這些：比特幣，該行業的旗艦資產，在美國東部時間上午11:00交易至93,000美元，接近10萬美元里程碑後出現回落。此支撐位水平已經成爲一個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.
更廣泛的數字貨幣市場反映了這種放緩，與之相關的比特幣股票在美股盤前交易中也大幅下滑。分析師發出警告，指出看多情緒已經過度，勢頭也減弱。一位知名交易員預測，如果比特幣未能突破10萬美元，可能會下跌至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.
比特幣現金與比特幣的市場走勢密切相關，可能會在週二的交易中面臨阻力，因爲整個市場降溫，凸顯其對比特幣價格波動的敏感性。
Read Also: Michael Saylor's MicroStrategy Convertible Notes To Buy Bitcoin Offer No Interest, So Why Are Investors Rushing To Buy Them?
閱讀更多：邁克爾·塞勒的microstrategy可轉換票據用於買入比特幣，沒有利息，那麼爲什麼投資者紛紛湧向購買？
譯文內容由第三人軟體翻譯。
