Bitcoin Cash
Why Bitcoin Cash is down 1.0% in the last hour
Analysis
Bitcoin Cash (BCH) slipped about 1.0% over the past hour as sentiment weakened following reports that mining profitability has been drying up across major PoW networks, including BCH. CryptoPotato noted that miners are facing tighter margins, which can weigh on market confidence around network economics and near-term supply dynamics.
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.