Bitcoin Cash Price Plummets Amid Risk-Off Rotation

Bitcoin Cash (BCH) has been experiencing a downturn in recent days, with its price dropping by 0.96% to $448.10 on Monday. This decline comes amidst a broader risk-off rotation in the market, which has led to a decrease in altcoin prices.

The market's sentiment is currently neutral, with the Altcoin Season Index dipping 2.44%. This indicates that investors are being cautious ahead of the Federal Reserve's policy decision on April 29.

BCH's performance is closely tied to its core payments use-case and Bitcoin sentiment. The cryptocurrency is considered a higher-beta altcoin, meaning it tends to be more volatile than other coins. When uncertainty rises in the market, BCH often underperforms compared to Bitcoin.