St. Kitts and Nevis to adopted BCH as the legal tender in 2023 BCH could see some upside in the days to come thanks to investor optimism Bitcoin Cash [BCH] notably became less popular as the top cryptocurrencies segment became more crowded. This meant that it was at the risk of being sidelined as investors […]
Legal tender status is a big step in the right direction for Bitcoin Cash. This move could reassure investors that BCH was still worth adding to their portfolio and may have better days ahead.
The news, however, did not have an impact on the BCH price action. Its $101.4 price of 13 November represented a significant bounce back from its of $87 last week. At press time, BCH exchanged hands at $98.70 after witnessing a drop of 4% in the last 24 hours.BCH’s performance in the last three days suggested that it was stuck in a price direction limbo. This suggested the lack of strong demand at the current price level. Investors also demonstrated optimism in the possibility of more upside even though the sentiment slid slightly in the last two days.
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