The cryptocurrency market was bathed in red and the trend seemed unlikely to change in the near future. Despite developments in the space managing to keep certain cryptos afloat, many are falling under the pressure of the bear. Bitcoin Cash [BCH] is an example of the latest fall after it plunged by over 8% over the last 24 hours.

Bitcoin Cash [BCH]

Source: Trading view

BCH was falling by 8.51% over the past day and was valued at $243.30, at press time. The coin noted a market cap of $4.31 billion with a 24-hour trading volume of $1.12 billion. Over the past seven days, the coin plunged by 16.5% and continued to dip by 2.66% over the hour. However, the coin had started to correct itself.

The maximum trading volume was registered on OEX, noting a trading volume of $170 million via the  BCH/USDT pair. The second place was taken by CoinBene via BCHABC/USDT and noted a volume of $91 million. LBank took third place with a volume of $70 million with BCH/BTC pair.

Litecoin [LTC]

Source: Trading view

At press time, LTC was also nearing a tremendous fall, as it noted a dip of 4.40% over the day. The coin was valued at $68.28 with a market cap of $4.23 billion. The 24-hour trading volume of the coin was $2.48 billion and it noted a cumulative fall of 10.32% over the week. The coin continued to fall by 1.05% over the hour.

LTC was highly traded on Coineal via LTC/BTC pair with a volume of $293 million. Second place was taken by DOBI Exchange as it noted a volume of $253 million with LTC/USDT pair. Coinall followed the two as it noted $211 million in trading volume with LTC/BTC pair.

The post Bitcoin Cash [BCH] sees bearish breakout and falls by 8%; Litecoin [LTC] follows suit appeared first on AMBCrypto.

270 +