Bitcoin Cash Prices Plummet Amid Broader Crypto Sell-Off

Bitcoin Cash's price has taken a hit, falling by over 10% on February 24, 2025, as the cryptocurrency market experienced a significant sell-off.

The decline in BCH's value was partly driven by Bitcoin's fall below $63,000, which has triggered risk-off sentiment among investors. This sentiment has been further compounded by macroeconomic uncertainty and geopolitical tensions, leading to increased selling pressure on cryptocurrencies.

According to technical indicators, Bitcoin Cash's recent declines have pushed its 50-day moving average toward the 200-day moving average, outlining a possible death cross pattern. The RSI and MACD indicators are also slipping lower, signaling bearish control.