Bitcoin
Bitcoin Rebounds 88 Percent From Lows While Bitcoin Cash Lags at 16 Percent
A divergence in recovery rates following an October 8 market dip has pushed the exchange ratio between BTC and BCH lower.
Following a sudden decline on the evening of October 8, Bitcoin recovered 88% of its price drop, trading at $82,960 on October 9 after falling from $83,323 to a low of $80,400. In contrast, Bitcoin Cash recovered only 16% of its drawdown over the same period, sitting at $273.80 after sliding from $300.20 to a low of $268.80.
According to an analysis compiled across three trading platforms by cryptoticker.io, Bitcoin Cash traded down between 7.3% and 7.7% over 24 hours, while Bitcoin gained 0.6%. This performance widened the gap between the two assets, with one Bitcoin purchasing 303 Bitcoin Cash compared to 279 a day earlier, representing a 7.9% decline in the BCH/BTC exchange ratio.
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