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- Bitcoin Cash price dropped more than 10% as bears hit the crypto market on Tuesday.<\/li>\n
- The altcoin fell to lows of $481 and risked further losses amid Bitcoin weakness.<\/li>\n
- Analysts say demand recovery could help bulls bounce.<\/li>\n<\/ul>\n
Bitcoin Cash price has extended its downward trajectory, shedding more than 10% in value over the past 24 hours to touch lows of $481 in early trading on February 24, 2025.<\/p>\n
The declines come as bearish sentiment grips the broader cryptocurrency market, with top coins plunging alongside Bitcoin\u2019s fall below $63,000<\/a>.<\/p>\n
While some analysts note that the market could see a potential for a short-term recovery, prevailing headwinds favour sellers.<\/p>\n
Other altcoins, including Ethereum, XRP, and BNB, have also marked steep declines as negative sentiment dominates.<\/p>\n
Bitcoins BCH drops amid macro and geopolitical headwinds<\/h2>\n
Fresh tariff threats from US President Donald Trump, following a recent Supreme Court ruling on Trump\u2019s 2025 tariffs, have triggered risk-off sentiment.<\/p>\n
This has been compounded by other factors, including geopolitical uncertainty, which has prompted investors to seek safer assets and steer clear of volatile cryptocurrencies.<\/p>\n
Weak sentiment has, in turn, suppressed crypto bids and contributed to huge outflows from digital asset investment products.<\/p>\n
Tightening liquidity and elevated liquidations have further weighed on risk appetite, capping Bitcoin\u2019s rebound.<\/p>\n
The dump to lows of $62,700 for BTC accelerated losses for Bitcoin Cash amid this outlook, with bears showing greater appetite as daily volume jumped 46% to over $545 million.<\/p>\n
Analysts say the macroeconomic picture and potential escalation in US-Iran tensions could cue further losses.<\/p>\n
However, resolutions in favour of bulls will help cut the impact of the correction.<\/p>\n
Bitcoins Bitcoin Cash price analysis<\/h2>\n
As noted, Bitcoin Cash traded as low as $481 on February 24, slipping by double digits in 24 hours as sellers pulled prices from highs of $570.<\/p>\n
The fresh selling that has driven BCH below $500 aligns with technical indicators that paint a mostly bearish picture.<\/p>\n
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Bitcoin Cash price chart<\/a> by TradingView<\/figcaption><\/figure>\n Bitcoin Cash\u2019s recent declines have pushed the 50-day moving average toward the 200-day moving average, outlining a possible death cross pattern.<\/p>\n
Increased losses and confirmation will come with intensified bearish momentum.<\/p>\n
Meanwhile, the RSI and MACD indicators are also slipping lower, signaling bearish control.<\/p>\n
According to CryptoQuant<\/a>, Bitcoin\u2019s slide from near $68k to under $63k coincides with the Coinbase Premium Index (SMA 30) rejecting downward.<\/p>\n
The index gauges price premium on Coinbase versus global exchanges, and its downtrend for over a month suggests US selling pressure remains.<\/p>\n
Failure to recover in the latest sessions highlights continued institutional hesitation.<\/p>\n
Analysts at Bitfinex also share a similar outlook.<\/p>\n
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$BTC<\/a> can bounce on positioning, but it rallies on spot demand.<\/p>\n
CVD implies roughly $2.5B of net market sells since Feb 20 across centralised exchanges. That is not \u201cone bad actor\u201d, it is broad distribution.<\/p>\n
Until that slows, breakouts often fade. pic.twitter.com\/sR3vfvaZVi<\/a><\/p>\n