Bitcoin Cash
Why Bitcoin Cash is up 1.1% in the last hour
Analysis
Bitcoin Cash (BCH) ticked up about 1.1% over the last hour even as a recent report highlighted that mining profits have been drying up across BCH and other major proof-of-work networks. The move appears to be a modest market reaction in the context of that mining-economics backdrop rather than a BCH-specific catalyst in the news flow.
Contributing Factors (1)
Mining Profits Dry Up Across Bitcoin, DOGE, LTC, and BCH
Dogecoin and Litecoin miners face mounting pressure as mining profitability remains low across major proof-of-work assets.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.