Why Bitcoin Cash Is Getting Hammered
Why Bitcoin Cash Is Getting Hammered
Bitcoin Cash (CRYPTO: BCH) is trading lower by 6.8% to $450.22 during Wednesday's session. Shares of several altcoins are trading lower amid a drop in the price of Bitcoin.
比特币现金（加密货币：BCH）在周三的交易中下跌6.8％，至450.22美元。在比特币价格下跌的情况下，几种山寨币的股价正在走低。
Bitcoin often serves as a bellwether for the broader cryptocurrency market. When Bitcoin experiences a significant pullback after reaching a new all-time high, it can lead to negative sentiment across the entire market, causing other cryptocurrencies like Bitcoin Cash to also decline in value.
比特币通常是更广泛的加密货币市场的领头羊。当比特币在达到历史新高后经历大幅回调时，可能会导致整个市场的负面情绪，导致比特币现金等其他加密货币的价值也下跌。
Some investors may also engage in speculative trading, hoping to profit from short-term price movements in cryptocurrencies like Bitcoin and Bitcoin Cash. As Bitcoin experiences a pullback after recently reaching a new all-time high, traders may sell off their positions in other cryptocurrencies to lock in profits or minimize losses, contributing to a decline in their prices.
一些投资者也可能从事投机性交易，希望从比特币和比特币现金等加密货币的短期价格变动中获利。由于比特币在最近创下历史新高后出现回调，交易者可能会抛售其他加密货币的头寸以锁定利润或最大限度地减少损失，从而导致其价格下跌。
The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga's upcoming Future of Digital Assets event on Nov. 19.
Benzinga即将于11月19日举行的数字资产未来活动预计将全面探讨比特币作为机构资产类别的影响力。