Bitcoin Cash is on the brink of falling below 1% of Bitcoin’s price
Cointelegraph
Published Feb 25, 2021 09:30AM ET
Updated Feb 26, 2021 04:00AM ET
Bitcoin Cash (BCH) holders have no reason to celebrate, despite the 46% year-to-date gains in U.S. dollar terms. One year ago, the altcoin was the third-largest by market capitalization. It now risks dropping out of the top 10, having been surpassed by other cryptocurrencies including Litecoin (LTC) and Chainlink's LINK.
After three years of continuous devaluation, BCH finally traded below 0.01 Bitcoin (BTC) on Feb. 22. Besides being psychological support, it marks a 96.5% devaluation from its highest close of 0.285 BTC on Aug. 2, 2017.
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Written By: Cointelegraph
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