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.
比特幣現金（加密貨幣：BCH）在週三的交易中下跌6.8％，至450.22美元。在比特幣價格下跌的情況下，幾種山寨幣的股價正在走低。
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.
比特幣通常是更廣泛的加密貨幣市場的領頭羊。當比特幣在達到歷史新高後經歷大幅回調時，可能會導致整個市場的負面情緒，導致比特幣現金等其他加密貨幣的價值也下跌。
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.
一些投資者也可能從事投機性交易，希望從比特幣和比特幣現金等加密貨幣的短期價格變動中獲利。由於比特幣在最近創下歷史新高後出現回調，交易者可能會拋售其他加密貨幣的頭寸以鎖定利潤或最大限度地減少損失，從而導致其價格下跌。
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即將於11月19日舉行的數字資產未來活動預計將全面探討比特幣作爲機構資產類別的影響力。