Bitcoin Cash
Why Bitcoin Cash is down 1.0% in the last hour
Analysis
Bitcoin Cash (BCH) slipped about 1.0% over the last hour as sentiment weakened following reports that mining profitability has dried up across several PoW networks, including BCH. CryptoPotato noted that shrinking miner profits can increase operational stress and weigh on near-term market confidence, contributing to modest downside pressure.
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
Moderate confidence. Multiple factors may be contributing.