The FASB's recent accounting rule revisions are poised to provide a more favorable outlook for companies holding digital assets, helping them mitigate the unfavorable optics generated by impairment losses, as stated in the report.
In response to a sharp drop in trading volumes that have hit a four-year low, crypto exchanges have launched promotions to bolster their revenue streams.
A death cross signals a possible enduring shift towards a bearish momentum, while a golden cross implies the contrary.
Because Bitcoin Cash shared the same blockchain as Bitcoin until the hard fork (a major change to a network’s protocol), the two cryptocurrencies had similar characteristics. As with bitcoin, the total supply of BCH is capped at 21 million, for example.
The Bitcoin Cash price is $96.39, a change of -3.58% over the past 24 hours as of 2:40 p.m. The recent price action in Bitcoin Cash left the tokens market capitalization at $1,857,402,448.20. So far this year, Bitcoin Cash has a change of -77.66%.
Even after Bitcoin has lost its undisputed dominance, it remains the largest cryptocurrency, with a market capitalization that surpassed the $1 trillion mark in 2021, after Bitcoin price hit an all-time high of $64,863.10 on April 14, 2021.
Bitcoin Cash is up 1.54% in the last 24 hours. The current CoinMarketCap ranking is #26, with a live market cap of $1,883,862,668 USD. It has a circulating supply of 19,270,731 BCH coins and a max. supply of 21,000,000 BCH coins.
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