Bitcoin Cash
Why Bitcoin Cash is down 3.9% in the last hour
Analysis
Bitcoin Cash (BCH) fell 3.9% over the past hour as sentiment weakened following reports that mining profitability has been drying up across several PoW networks, including BCH. CryptoPotato noted that reduced miner profits can increase operational stress for miners and weigh on market confidence around the asset in the near term.
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.