It hit its all-time low of $ 5,426.00 on Sunday, its lowest since October 25, down nearly 32% from its peak of $ 7,888 on Wednesday.
Of course, Bitcoin is known for trading volatility and it tends to rebound quickly. It seems however that Bitcoin Cash is in competition with its motto "mother" in the stakes of volatility.
Trace Schmeltz, a partner at the Barnes & Thornburg LLP offices in Chicago and Washington, DC, a cryptocurrency observer, notes that it is not surprising that Bitcoin Cash is making rapid progress: