Bitcoin Cash Price Struggles Amid Market Consolidation

Bitcoin Cash (BCH) has experienced a marginal drop of 0.93% amid market consolidation, according to recent data. The BCH price has struggled to break a long consolidation zone and is currently trading at $439.11 with a market capitalization of around $8.79 billion.

The upcoming Layla upgrade is expected to bring more complex smart contracts on the network, which may attract new use cases beyond simple payments. This upgrade is targeted for activation soon and has sparked interest among developers.

Despite the positive sentiment in the crypto market, BCH price is facing a strong consolidation zone with no major price movement. The daily trading volume has plunged by around 19% and currently revolves around $161.49 million.