The price of Bitcoin Cash has been falling for a week now. Over the past day, the price has fallen by 11%, and for the last week - by 21%.
Bitcoin Cash is not the only crypto currency, the price of which falls throughout the week. Among the top 10 is the Crypto-currency, only Ripple and bitcoin showed growth over the past week. However, the drop in the price of Bitcoin Cash significantly exceeds all other crypto-currencies from the top ten.
A week ago, the price of Bitcoin Cash was $ 457. It gradually fell during the week and on October 3 dropped below $ 400. After this resistance level has been passed, the price has sharply gone down and at the time of writing the article is $ 351, according to coinmarketcap.com. But on the Korean stock exchanges, this currency is trading at $ 366.
This decline reduced the market capitalization of Bitcoin Cash below $ 6 billion. For the first time since September 15, Ripple outperformed Bitcoin Cash by $ 2.2 billion and took third place in the rating of the Crypto-currency.