Bitcoin Cash
Why Bitcoin Cash is up 1.0% in the last hour
Analysis
Bitcoin Cash (BCH) rose about 1.0% over the past hour despite a report highlighting weaker miner economics. CryptoPotato noted that mining profits have been drying up across BCH and other major PoW coins, which may have kept the move modest as traders weighed the negative backdrop against broader market flows.
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.