Short interest for Banco De Chile gives investors a sense of the degree to which investors are betting on the decline of Banco De Chile's stock. Short interest data is updated every two weeks.

Banco De Chile Stock (NYSE:BCH), Short Interest Report

Banco De Chile

Operating under three separate brand names (Banco de Chile, Banco Edwards-Citi, and Banco CrediChile) Banco de Chile is the second largest in the country by loans and third largest by deposits. Banco de Chile generates most of its net interest income (roughly 60% of total revenue) from its mortgage, unsecured consumer credit lines, and commercial loans, with 25% of its outstanding loans being made to firms with more than 10,000 million CLP in revenue. Outside of its banking business, Banco de Chile is the largest asset manager in the country and one of the largest security brokerages, supporting its substantial fee-based revenue.

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$DOGE

$ETC

Investors who have put money into major U.S. indices have enjoyed respectable returns since the bottom of the market in March 2020.



In fact, the SPDR S&amp;P 500 ETF, Invesco QQQ Trust Series 1 and SPDR Dow Jones Industrial Average ETF Trust have returned 127%, 159% and 102%, respectively, since then.

If You Invested $100 In Bitcoin Cash, Ethereum Classic And Dogecoin In March 2020, Here&#39;s How Much You&#39;d Have Now

Cryptocurrency Photo by Igor Faun on Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Markets

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$BTC

$ETH

$PENDLE

$XEC

Major cryptocurrency surged on Thursday evening, despite hawkish comments from Minneapolis Fed President Neel Kashkari.

Bitcoin, Ethereum, Dogecoin Surge Despite Hawkish Remarks From Fed President—Analysts Predict King Could Now Go Vertical With Several Critical Indicators In Alignment

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Bitcoin Cash (CRYPTO: BCH) is trading lower by 5.9% to $591.63 Wednesday, despite a lack of coin-specific news for the session. Shares of several altcoins are trading lower amid Bitcoin falling some 6% over the trailing week.

Why Bitcoin Cash Is Moving

Bitcoin Cash - United States Dollar

BCHABC - United States Dollar

BCHABC - TrueUSD

BCHDOWN - United States Dollar

BEACH ENERGY LTD UNSP/ADR by Beach Energy Ltd.

Beach Energy Ltd

GRAYSCALE BITCOIN CASH TR by Grayscale Bitcoin Cash Trust (BCH)

BUCHER HOLDING AG ORD by Bucher Holding AG

Bucher Industries AG

Bachem Holding AG

BACHEM HLDG AG U/ADR by Bachem Holding AG

Principal Exchange-Traded Funds Principal Focused Blue Chip ETF

BRAINCHIP HLDGS LTD S/ADR by Brainchip Holdings Ltd.

BrainChip Holdings Ltd

BCHSV - United States Dollar

BCHSV - TrueUSD

Bitcoin Cash - TrueUSD

BANCO HIPOTCARIO NACIONL by BANCO HIPOTECARIO NACIONAL

BCHUP - United States Dollar

Banco De Chile (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCH#NYSE">BCH</a>) reported quarterly earnings of $0.66 per share which beat the analyst consensus estimate of $0.57 by 15.79 percent. This is unchanged from the same period last year. The company reported quarterly sales of $794.500 million which missed the analyst consensus estimate of $849.822 million by 6.51 percent. This is a 10.24 percent decrease over sales of $885.100 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Banco De Chile Q1 2024 GAAP EPS $0.66 Beats $0.57 Estimate, Sales $794.500M Miss $849.822M Estimate

JP Morgan analyst Domingos Falavina maintains Banco De Chile (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCH#NYSE">BCH</a>) with a Neutral and raises the price target from $20 to $21.

Price Target

Analyst Ratings

JP Morgan Maintains Neutral on Banco De Chile, Raises Price Target to $21

Investors who have put money into major U.S. indices have enjoyed respectable returns since the bottom of the market in March 2020.
In fact, the SPDR S&amp;P 500 ETF, Invesco QQQ Trust Series 1 and SPDR Dow Jones Industrial Average ETF Trust have returned 127%, 159% and 102%, respectively, since then.
As good as investors in the major U.S. indices have had it since 2020, a number of cryptocurrencies have performed that much better. Crypto bulls who bought when U.S. markets bottomed out in March&nbsp;2020 and held on for the long term, despite the ongoing volatility, have been treated to epic returns on their investments.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38173636/exclusive-marathon-riot-hut8-ceos-tell-benzinga-how-bitcoin-halving-will-impact-miners">EXCLUSIVE: Marathon, Riot, Hut8 CEOs Tell Benzinga How Bitcoin Halving Will Impact Miners</a>
Winners Since March 2020: Here's how much $100 in each of the following cryptocurrencies and stocks back at the bottom of the U.S. market in March 2020 would be worth today:
<ul>
<li>Bitcoin Cash (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bch/usd">BCH</a>): $354</li>
<li>Ethereum Classic (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/etc/usd">ETC</a>): $715</li>
<li>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>): $10,965</li>
</ul>
<h2 class="wp-block-heading">Why This Matters</h2>
Investors keen on maximizing returns and diversifying their portfolios must acknowledge the emergence of cryptocurrencies as a viable asset class offering substantial growth opportunities. The staggering returns exhibited by cryptocurrencies such as Bitcoin Cash, Ethereum Classic and Dogecoin highlight the potential for outsized gains in this rapidly evolving market.
Whether one chooses to allocate funds to established indices or explore the potential of cryptocurrencies, staying abreast of market trends and assessing risk factors are essential for making informed investment decisions in an ever-changing financial landscape.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38162989/hold-on-to-your-dogecoin-itll-be-the-first-meme-coin-to-reach-100b-market-cap-says-trader">Hold On To Your Dogecoin: It&#8217;ll Be The &#8216;First Meme Coin To Reach $100B Market Cap,&#8217; Says Trader</a>

If You Invested $100 In Bitcoin Cash, Ethereum Classic And Dogecoin In March 2020, Here's How Much You'd Have Now

Major cryptocurrency surged on Thursday evening, despite hawkish <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/04/38099441/hawkish-fed-voices-lead-to-market-slide-its-possible-fed-wont-cut-this-year-if-inflati">comments </a>from Minneapolis Fed President Neel Kashkari.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded 12:00 a.m. EDT)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>+3.39%</td>
<td>$67,836</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td>+0.57%</td>
<td>$3,298</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>+1.42%</td>
<td>$0.17</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Bitcoin, which dropped to as low as $65,000 overnight, surged during much of the U.S. day, reaching a high point of over $69,000 at one stage.
&#8220;If we continue to see inflation moving sideways, then that would make me question whether we [need] to do those rate cuts at all,&#8221; said Kashkari during a virtual event on LinkedIn.
Given that Kashkari has been one of the more hawkish members of the Fed, his comments shouldn&#8217;t have come as a complete surprise, but they prompted a swift downturn in stocks. Furthermore, his remarks contradicted statements from Fed Chairman Jerome Powell, who expressed his ongoing anticipation of rate cuts at some point this year.
Top Gainer (24 Hour)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded 12:00 a.m. EDT)</td>
</tr>
<tr>
<td>Pendle (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">PENDLE</a>)</td>
<td>+26.85%</td>
<td>$6.25</td>
</tr>
<tr>
<td>Bitcoin Cash (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bch/usd">BCH</a>)</td>
<td>+13.77%</td>
<td>$694&nbsp;&nbsp;</td>
</tr>
<tr>
<td>eCash (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">XEC</a>)</td>
<td>+10.89%</td>
<td>$0.0000688</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market cap now stands at $2.53 trillion, showing a 2.28%&nbsp; increase in the past 24 hours.
Stocks took a hit on Thursday amidst volatile trading, with concerns over the upcoming March jobs report. The Dow Jones Industrial Average concluded the day with a loss of 530.16 points, or 1.35%, settling at 38,596.98. This marked the index&#8217;s most substantial decline since March 2023, extending its streak of consecutive losses to four days. The S&amp;P 500 also saw a 1.23% drop, closing at 5,147.21, while the Nasdaq Composite experienced a 1.40% dip to end at 16,049.08.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Cryptocurrency analyst Michael Van de Poppe suggests that Bitcoin has been trading within a range for over three weeks.
"Breaking through $69K and we&#8217;ll get an ATH test, but ultimately the volatility is going down and we&#8217;re likely rotating towards altcoins."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> still acting in a range for more than three weeks. Breaking through $69K and we&#39;ll get an ATH test, but ultimately the volatility is going down and we&#39;re likely rotating towards altcoins. <a href="https://t.co/rGRVWMJ0q9">pic.twitter.com/rGRVWMJ0q9</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1775943415018012843?ref_src=twsrc%5Etfw">April 4, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Pseudonymous analyst TechDev said Bitcoin could be preparing for a significant breakout, citing a combination of aligning indicators.
TechDev believes that the Wyckoff accumulation schematic points to a bullish trend for digital assets. The Wyckoff accumulation schematic indicates potential trend reversals from bearish to bullish in cryptocurrency markets, suggesting a period of accumulation before an upward price movement.
"This is usually the place where things go vertical."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is usually the place where things go vertical. <a href="https://t.co/lkDFRgYxsy">pic.twitter.com/lkDFRgYxsy</a>
&mdash; TechDev (@TechDev_52) <a href="https://twitter.com/TechDev_52/status/1774546429828042975?ref_src=twsrc%5Etfw">March 31, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
According to Rekt Capital, Bitcoin is currently going through a correction phase in anticipation of the upcoming halving, set to take place in a little over two weeks.
Rekt Capital <a href="https://www.youtube.com/watch?v=Szyf8LsmFwM">said </a>"So this pre-halving retrace began around 30 days before the halving and so we are in the thick of the danger zone…Because we're still in the danger zone anything can still go. This is still volatility that's supposed to get us closer to establishing a re-accumulation range at these highs. So any volatility around this danger zone [between $73,800 and mid $60,000s] is still all within historical norms."
The analyst also mentioned that it&#8217;s &#8220;very unlikely that we&#8217;re going to see a 40% pullback in this cycle for Bitcoin."
Photo by Igor Faun on Shutterstock
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/23/04/31624379/jim-cramer-advises-against-using-binance-provokes-strong-reactions-from-twitter-users">Jim Cramer Advises Against Using Binance, Provokes Strong Reactions From Twitter Users</a>

Bitcoin Cash (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bch/usd">BCH</a>) is trading lower by 5.9% to $591.63 Wednesday, despite a lack of coin-specific news for the session. Shares of several altcoins are trading lower amid <a href="https://www.benzinga.com/topic/bitcoin">Bitcoin</a> falling some 6% over the trailing week.
Bitcoin is the leading cryptocurrency and often serves as a barometer for the entire cryptocurrency market. When Bitcoin's price falls, it often signals a bearish sentiment in the market, which can lead investors to sell off other cryptocurrencies, including Bitcoin Cash, out of fear or uncertainty.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38062216/bitcoin-ethereum-dogecoin-dip-amid-high-selling-pressure-analyst-says-king-crypto-will-not">Bitcoin, Ethereum, Dogecoin Dip Amid High Selling Pressure: Analyst Says King Crypto Will Not See Highs &#8216;Unless $69K Breaks&#8217;</a>
Additionally, most cryptocurrency exchanges also list Bitcoin as a trading pair for Bitcoin Cash. When the price of Bitcoin falls, it affects the value of the trading pair. Traders may sell Bitcoin Cash for Bitcoin to mitigate losses or to take advantage of potential gains if they anticipate Bitcoin's price will recover faster.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38071383/bitcoin-etfs-traded-111b-in-march-2-new-etfs-could-mean-the-action-gets-even-wilder">Bitcoin ETFs Traded $111B In March: 2 New ETFs Could Mean The Action Gets Even Wilder</a>

Bitcoin Cash (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bch/usd">BCH</a>) is trading lower by 6.5% to $632.18 Monday morning, despite a lack of coin-specific news for the session. Shares of several altcoins are trading lower amid a drop in the price of <a href="https://www.benzinga.com/topic/bitcoin">Bitcoin</a>.
Bitcoin is the leading cryptocurrency and often serves as a barometer for the entire cryptocurrency market. When Bitcoin&#8217;s price falls, it often signals a bearish sentiment in the market, which can lead investors to sell off other cryptocurrencies, including Bitcoin Cash, out of fear or uncertainty.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/38015356/150-000-bitcoin-boom-expected-in-2024-says-hedge-fund-manager-bitcoin-is-the-king-it-is-th">$150,000 Bitcoin Boom Expected In 2024, Says Hedge Fund Manager: &#8216;Bitcoin Is The King, It Is The Dominant Token&#8217;</a>
Additionally, most cryptocurrency exchanges also list Bitcoin as a trading pair for Bitcoin Cash. When the price of Bitcoin falls, it affects the value of the trading pair. Traders may sell Bitcoin Cash for Bitcoin to mitigate losses or to take advantage of potential gains if they anticipate Bitcoin&#8217;s price will recover faster.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38023142/nvidia-leads-tesla-lags-among-magnificent-seven-stocks-q1-market-shake-up">Nvidia Leads, Tesla Lags Among Magnificent Seven Stocks: Q1 Market Shake-Up</a>

Why Bitcoin Cash Is Falling

Bitcoin Cash (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bch/usd">BCH</a>) is trading higher by 6.8% to $565.51 Thursday afternoon. Shares of several altcoins are rising during Thursday&#8217;s session amid strength in <a href="https://www.benzinga.com/quote/BTC-USD">Bitcoin</a> as the apex crypto trades past the $70,000-level.
Bitcoin has in large part rallied in recent weeks due to rising demand after spot bitcoin ETFs were approved in January. However, these ETFs saw significant outflows last week, leading to a sell-off in crypto-related stocks. The market then rebounded after the Federal Reserve made dovish remarks.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37968665/invest-in-altcoins-now-or-wait-what-experts-say-might-surprise-you">Invest In Altcoins Now Or Wait? What Experts Say Might Surprise You</a>
<h2 class="wp-block-heading">What's Going On With Crypto?</h2>
On March 27, Bitcoin spot ETFs saw a significant influx of $243 million in investments. This coincides with preparations for the Benzinga Future of Digital Assets conference on Nov. 19. BlackRock&#8217;s iShares Bitcoin Trust experienced a notable single-day inflow of $323 million, reflecting increasing confidence in Bitcoin. 
This follows BlackRock CEO Larry Fink&#8217;s positive outlook on Bitcoin, hinting at a changing attitude towards cryptocurrencies in traditional finance&#8230;<a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37983394/bitcoin-etfs-inflows-soar-ethereum-etf-race-heats-up-what-does-it-mean-for-investors">Read More</a>

Why Bitcoin Cash Is Popping Off

Major cryptocurrencies traded mixed on Wednesday evening as Bitcoin&#8217;s momentum slowed and it experienced a small price correction.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded 12:00 a.m. EDT)</td>
</tr>
<tr>
<td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td>
<td>-1.94%</td>
<td>$69,229</td>
</tr>
<tr>
<td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td>
<td>-3.64%</td>
<td>$3,486</td>
</tr>
<tr>
<td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>+5.87%</td>
<td>$0.19</td>
</tr>
</tbody>
</table>
</figure>
What Happened: Over $9.4 billion worth of Bitcoin options are scheduled to expire on the Deribit cryptocurrency exchange on March 29. This indicates a potential maximum pain price of $50,000, according to data shared by Unfolded in a March 27 X post.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This Friday 8 AM UTC, 134.9K <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> are set to expire on Deribit with a notional value of $9.42 billion. Max pain price $50,000, put/call ratio: 0.83 <a href="https://t.co/tST5X8nz6e">pic.twitter.com/tST5X8nz6e</a>
&mdash; unfolded. (@cryptounfolded) <a href="https://twitter.com/cryptounfolded/status/1772931664156795223?ref_src=twsrc%5Etfw">March 27, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The max pain price is the strike price with the most open Bitcoin options contracts (puts and calls). It represents the price at which the majority of option holders would experience financial losses at expiration.
Last week, after experiencing five days of consecutive negative outflows, spot Bitcoin ETFs witnessed a significant turnaround. On March 25, coinciding with Bitcoin&#8217;s highest daily close above $69,000 in the past 10 days, these ETFs observed a net flow of <a href="https://www.benzinga.com/24/03/37962782/spot-bitcoin-etf-net-inflows-surge-to-417m-but-why-did-price-not-move">over $15 million</a>. Furthermore, on March 26, the 10 Bitcoin ETFs collectively experienced a net inflow of $418 million.
Top Gainer (24 Hour)
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Cryptocurrency</td>
<td>Gains +/-</td>
<td>Price (Recorded 12:00 a.m. EDT)</td>
</tr>
<tr>
<td>Mantle (CRYPTO: MNT)</td>
<td>+23.47</td>
<td>$1.17</td>
</tr>
<tr>
<td>Bitcoin Cash (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bch/usd">BCH</a>)</td>
<td>+8.24%</td>
<td>$534.34&nbsp;&nbsp;</td>
</tr>
<tr>
<td>Dogecoin(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td>
<td>+5.28%</td>
<td>$0.19</td>
</tr>
</tbody>
</table>
</figure>
The global cryptocurrency market cap now stands at $2.66 trillion, showing a 0.32%&nbsp; decrease in the past 24 hours.
On Wednesday, stocks across all 11 sectors of the S&amp;P 500 saw gains, indicating a broad rally. The utilities sector took the lead with a significant jump of almost 2.8%. Following closely behind, real estate experienced a 2.4% advance, while industrials added 1.6%.
The S&amp;P 500 reached a record high as it heads toward its best first-quarter performance since 2019. The broader market index closed at 5,248.49, marking a gain of 0.86%. Additionally, the Dow Jones Industrial Average saw an advancement of 477.75 points, or 1.22%, ending at 39,760.08. Both indexes broke three-day losing streaks. The Nasdaq Composite also experienced an increase of 0.51%, closing at 16,399.52.
Later this week, investors will be keeping an eye on jobless claims, gross domestic product, and consumer sentiment data. Although the market is closed on Good Friday, the focus will be on economic releases related to personal income, consumer spending, and expected personal consumption expenditures in the morning.
See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>
Analyst Notes: Cryptocurrency analyst Michael Van de Poppe suggests that from a technical perspective, keeping an eye on Bitcoin at the $67,000 mark is crucial.
"If that holds, we&#8217;ll likely see another ATH test pre-halving."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Technically, my point of interest in holding on to <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> lies at $67K. If that holds, we&#39;ll likely see another ATH test pre-halving. <a href="https://t.co/i9bJuVqqso">pic.twitter.com/i9bJuVqqso</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1773079086174241231?ref_src=twsrc%5Etfw">March 27, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Van de Poppe believes that Bitcoin is about to see a significant increase, targeting a range of $75,000 to $80,000 leading up to the halving event. This forecast is based on Bitcoin&#8217;s current consolidation phase, suggesting a buildup towards testing its all-time high, with the potential for a subsequent correction.&nbsp;
"I think that we&#8217;re close to the peak of this run, but I think we&#8217;ll have another ATH test, perhaps even $75-80K pre-halving and then we&#8217;re correcting. During that consolidation/correction phase, I expect altcoins to outperform."
Ali Martinez, an on-chain analyst stated that the most significant resistance barrier ahead of Bitcoin is between $70,180 and $70,600, where 292,000 addresses 397,000 BTC. &#8220;If BTC can break past this barrier, it will likely march toward new all-time highs."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The most significant resistance barrier ahead of <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> is between $70,180 and $70,600, where 292,000 addresses 397,000 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>. If <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> can break past this barrier, it will likely march toward new all-time highs. <a href="https://t.co/f9gdq4h1Gy">pic.twitter.com/f9gdq4h1Gy</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1772972835981455845?ref_src=twsrc%5Etfw">March 27, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/23/04/31624379/jim-cramer-advises-against-using-binance-provokes-strong-reactions-from-twitter-users">Jim Cramer Advises Against Using Binance, Provokes Strong Reactions From Twitter Users</a>
Photo via Shutterstock

Bitcoin, Ethereum Take A Breather While Dogecoin Spike Pushes Crypto Market Cap Above $2.6 Trillion — Analyst Sees BTC Hitting $80K Before Next Halving

Bitcoin Cash (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bch/usd">BCH</a>), Ethereum Classic (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/etc/usd">ETC</a>) and Litecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ltc/usd">LTC</a>) are all trading higher Monday afternoon. Shares of several altcoins are rising amid strength in <a href="https://www.benzinga.com/quote/BTC-USD">Bitcoin</a>.
Bitcoin has in large part rallied in recent weeks due to rising demand after spot bitcoin ETFs were approved in January. However, these ETFs saw significant outflows last week, leading to a sell-off in crypto-related stocks. The market then rebounded after the Federal Reserve made dovish remarks.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37918585/bitcoin-breaks-above-70k-again-expert-points-to-pattern-signaling-major-breakout">Bitcoin Breaks Above $70K Again: Expert Points To Pattern Signaling Major Breakout</a>
<h2 class="wp-block-heading">What&#8217;s Going On With Crypto?</h2>
Bitcoin is surging above $70,000 for the second time ever. This follows a recent all-time high, followed by a retreat to $60,000. Analyst Kevin Svenson noted a potential bullish signal, spotting an &#8220;inverse head and shoulders&#8221; pattern on the four-hour chart, indicating a reversal in momentum and heightened demand. 
With Bitcoin retesting a crucial resistance level and gaining support, Svenson predicts a continuation of the rally towards $76,000&#8230;<a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37918585/bitcoin-breaks-above-70k-again-expert-points-to-pattern-signaling-major-breakout">Read More</a>
<ul>
<li>BCH is trading higher by 4% to $502.12</li>
<li>ETC is trading higher by 3.7% to $32.59</li>
<li>LTC is trading higher by 1.9% to $91.58</li>
</ul>

$LTC

Why Bitcoin Cash, Ethereum Classic And Litecoin Are Rising

Bitcoin Cash (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bch/usd">BCH</a>) and Ethereum Classic (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/etc/usd">ETC</a>) are trading lower by 4.9% to $397.52 and 5% to $28.89 Friday afternoon. Shares of several altcoins are falling, pulling back following Thursday&#8217;s strength in Bitcoin as the apex crypto pulls back for the session.
Bitcoin is the largest and most well-known cryptocurrency. As such, its price movements often influence the overall sentiment in the cryptocurrency market.
When Bitcoin experiences a significant drop or rise, it can trigger similar movements in other cryptocurrencies like Bitcoin Cash and Ethereum due to investors&#8217; reactions to the broader market sentiment.
See Also: <a href="https://www.benzinga.com/markets/commodities/24/03/37894144/robert-kiyosaki-loves-bitcoin-but-he-also-loves-this-precious-metal-which-is-still-60-below-i">Robert Kiyosaki Loves Bitcoin But He Also Loves This Precious Metal, Which &#8216;Is Still 60% Below Its All Time High&#8217;</a>
Bitcoin, Bitcoin Cash and Ethereum also share some technical similarities as cryptocurrencies, including blockchain technology and consensus mechanisms.
Changes in the technical aspects of one cryptocurrency, such as upgrades or scalability issues, can impact market perceptions of other cryptocurrencies with similar technical features.
<h2 class="wp-block-heading">What's Going On With Crypto?</h2>
Bitcoin spot exchange-traded funds (ETFs) were observing a consistent pattern of net outflows spanning four consecutive days, totaling $93.85 million according to data from SoSoValue as of March 21. This indicates a cautious sentiment among investors. 
Specifically, the Grayscale Bitcoin Trust (GBTC) reported a significant single-day net outflow of $358 million, contributing to its historical net outflow surpassing $13.63 billion. This highlights an ongoing trend of capital withdrawal from the GBTC fund&#8230;<a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37888031/should-you-stay-or-should-you-go-bitcoin-spot-etfs-hemorrhaging-cash-on-4-consecutive-days">Read More</a>
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37893510/bitcoin-altcoins-ready-for-massive-gains-according-to-analyst">Bitcoin, Altcoins Ready For Massive Gains, According To Analyst</a>

What's Going On With Bitcoin Cash And Ethereum Classic?

A pseudonymous cryptocurrency analyst DonAlt said that Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) might see a substantial price increase, and potentially reaching $1.
What Happened: According to DonAlt, Dogecoin could potentially rise by 554% by a value of $1—a significant jump from its current trading price of $0.153.
&#8220;The reason why I found DOGE interesting is because it kind of dipped back into support on the BTC chart,&#8221; DonAlt explained in a YouTube <a href="https://www.youtube.com/watch?v=9Ue5HOIWmP8">video</a>. 
He also said the circumstances under which his prediction for Dogecoin&#8217;s growth could be proven incorrect. Should the value fall to a certain point above $0.05, it would contradict his bullish prediction, while a climb to $1 remains his goal. Talking about price points, the analyst said, &#8220;Invalidation down here somewhere [above $0.05], target up there [$1]&#8230; I think that&#8217;s not the worst&#8230; especially when it was trading at $0.12 or $0.13.&#8221;
Another pseudonymous analyst Ali Martinez shed light on the heavy purchasing of Dogecoin by large-scale holders known as &#8216;whales.&#8217; Over a 72-hour window, these big investors have snapped up 25 million coins of Dogecoin, worth approximately $3.75 million.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> whales have bought 25 million <a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> in the past 72 hours, worth around $3.75 million! <a href="https://t.co/y1RnRffWhv">pic.twitter.com/y1RnRffWhv</a>
&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1770798858718560581?ref_src=twsrc%5Etfw">March 21, 2024</a></blockquote>
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See More: <a href="https://www.benzinga.com/markets/cryptocurrency/23/11/35771375/dogecoin-hodlers-are-beating-shiba-inu-with-57-landing-in-profits-intotheblock-data-reveal?utm_campaign=partner_feed&amp;utm_source=InvestingUK&amp;utm_medium=partner_feed&amp;utm_content=cryptocurrency">Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals</a>
Why It Matters: Meanwhile, Coinbase, a cryptocurrency exchange, has put forward a proposition to <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37863282/dogecoins-enduring-popularity-spurs-coinbase-to-introduce-doge-futures-trading'">kickstart futures trading.</a> The company has set sights on creating cash-settled futures contracts for a select group of digital currencies, including Dogecoin, Litecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ltc/usd">LTC</a>), and Bitcoin Cash (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bch/usd">BCH</a>). In preparation for planned launch on April 1, Coinbase has been in talks with the Commodity Futures Trading Commission (CFTC). These contracts will be based on specified prices—$0.15 for Dogecoin, $85.20 for Litecoin, and $413 for Bitcoin Cash.
Coinbase points to Dogecoin&#8217;s sustained appeal and the robust support from its user base as a testament to its established position in the world of cryptocurrency. As stated by Coinbase, &#8220;Dogecoin's enduring popularity and the active community support suggest that it has transcended its origins as a meme to become a staple of the cryptocurrency world.&#8221;
Price Action: At the time of writing, the price of DOGE was trading at $0.15, up 7.71% in the last 24 hours, <a href="http://pro.benzinga.com">according to Benzinga Pro.</a>
Read Next:<a href="https://www.benzinga.com/markets/cryptocurrency/23/09/34195479/bitcoin-ethereum-dogecoin-trade-mixed-as-investors-weigh-august-job-report-analyst-predict"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/23/09/34615277/heres-how-much-you-should-invest-in-shiba-inu-today-for-a-1m-payday-if-shib-hits-1-cent">Here&#8217;s How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?</a>

Analyst Color

Dogecoin To $1? Crypto Analyst Predicts 550% Rally For DOGE 'Because It Kind Of Dipped Back...'

Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) is catching the eye of cryptocurrency analysts who suggest the meme coin may be gearing up for a price surge. 
What Happened: Bluntz Capital, a pseudonymous crypto analyst, in a tweet on X said, &#8220;$doge finally looks ready to rip higher again,&#8221; referencing a price pattern on both the USD and Bitcoin trading pairs that indicate a potential upswing following a steady decline since February.
Bluntz Capital&#8217;s analysis is based on observed price patterns when Dogecoin is traded against the United States dollar and Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>). According to these patterns, after a period of downward movement or decline in value since February, there are indications that the coin is set to reverse its trend and begin an upward trajectory.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24doge&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$doge</a> finally looks ready to rip higher again, nice big fuck off long drawn out abc down on the usd and btc pair after that initial feb impulse <a href="https://t.co/54ni6jqYVw">pic.twitter.com/54ni6jqYVw</a>
&mdash; Bluntz (@Bluntz_Capital) <a href="https://twitter.com/Bluntz_Capital/status/1770517902170673596?ref_src=twsrc%5Etfw">March 20, 2024</a></blockquote>
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Another pseudonymous crypto analyst Rekt Capital commented on the meme coin's resilience, noting, &#8220;Dogecoin tagged the Macro Downtrend as support for yet another successful retest.&#8221;&nbsp;
Rekt Capital said that this consistent pattern could mean a sustained price rally.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$DOGE</a> Dogecoin tagged the Macro Downtrend as support for yet another successful retest Continued successful retesting like this will likely precede trend continuation over time<a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw">#DOGE</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw">#Dogecoin</a> <a href="https://t.co/MQRXtFMubo">https://t.co/MQRXtFMubo</a> <a href="https://t.co/W7Zf6q1GPz">pic.twitter.com/W7Zf6q1GPz</a>
&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1770525394199789623?ref_src=twsrc%5Etfw">March 20, 2024</a></blockquote>
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This comes amid Coinbase Derivatives&#8217;<a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37863282/dogecoins-enduring-popularity-spurs-coinbase-to-introduce-doge-futures-trading"> decision to include the meme coin</a> in its future trading offerings. The company sent a series of messages to the Commodities Futures Trading Commission, unveiling its plans to launch future contracts based on Dogecoin, alongside Litecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ltc/usd">LTC</a>) and Bitcoin Cash (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bch/usd">BCH</a>). The contracts will be settled in cash every month, according to the information shared with CFTC Secretary Christopher Kirkpatrick.
See More: <a href="https://www.benzinga.com/markets/cryptocurrency/23/11/35771375/dogecoin-hodlers-are-beating-shiba-inu-with-57-landing-in-profits-intotheblock-data-reveal?utm_campaign=partner_feed&amp;utm_source=InvestingUK&amp;utm_medium=partner_feed&amp;utm_content=cryptocurrency">Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals</a>
Why It Matters: Meanwhile, Tesla CEO Elon Musk, a known supporter of Dogecoin at a Tesla event in Germany <a href="http://v">confirmed </a>that, though Dogecoin is currently accepted for Tesla merchandise, its use could expand: &#8220;You can buy Tesla merch with DOGE, which is cool, so Dogecoin to the moon.&#8221;
Dogecoin saw a 78% increase over the past month, despite a brief dip in value.&nbsp;
Price Action: At the time of writing, the price of DOGE was trading at $0.15, up 7.71% in the last 24 hours, <a href="http://pro.benzinga.com">according to Benzinga Pro.</a>
Read Next:<a href="https://www.benzinga.com/markets/cryptocurrency/23/09/34195479/bitcoin-ethereum-dogecoin-trade-mixed-as-investors-weigh-august-job-report-analyst-predict"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/23/09/34615277/heres-how-much-you-should-invest-in-shiba-inu-today-for-a-1m-payday-if-shib-hits-1-cent">Here&#8217;s How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?</a>

'DOGE Finally Looks Ready To Rip Higher,' Says Crypto Analyst Following Period Of Consolidation

Coinbase, a cryptocurrency exchange, has disclosed an initiative to venture into futures trading with Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>), Litecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ltc/usd">LTC</a>), and Bitcoin Cash (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bch/usd">BCH</a>).&nbsp;
What Happened: In a series of communications to the United States Commodity Futures Trading Commission (CFTC) on March 7, Coinbase Derivatives revealed its intention to introduce cash-settled futures contracts for Dogecoin, with prices marked at $0.15, Litecoin at $85.20, and Bitcoin Cash at $413, aiming for an April 1 rollout.
The company cited Dogecoin&#8217;s appeal and strong community backing as evidence of its status within the cryptocurrency landscape. "Dogecoin&#8217;s enduring popularity and the active community support suggest that it has transcended its origins as a meme to become a staple of the cryptocurrency world."
One of the letters specifically emphasized the approach for Dogecoin futures, indicating a launch on or after April 1, 2024.&nbsp;
See More: <a href="https://www.benzinga.com/markets/cryptocurrency/23/11/35771375/dogecoin-hodlers-are-beating-shiba-inu-with-57-landing-in-profits-intotheblock-data-reveal?utm_campaign=partner_feed&amp;utm_source=InvestingUK&amp;utm_medium=partner_feed&amp;utm_content=cryptocurrency">Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals</a>
Why It Matters: After the announcement, Dogecoin was up 17% in the last 24 hours, trading at $0.12 as per data from CoinMarketCap.
On Wednesday, DOGE co-founder Billy Markus said these new meme coins are nothing more than random creations.
Markus, also known by the pseudonym Shibetoshi Nakamoto on X,  said that creating meme coins takes only a few cents and a couple of seconds. He underscored there are no developers or teams behind these coins, so he has no plans to invest in any of them.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">send me some SOL meme coins i literally invented meme coins 2aDBRNNdGEnCq2Av6Wz447CqgdEbmEaDudfGW1M85MAC
&mdash; Shibetoshi Nakamoto (@BillyM2k) <a href="https://twitter.com/BillyM2k/status/1770258229383307670?ref_src=twsrc%5Etfw">March 20, 2024</a></blockquote>
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Read Next:<a href="https://www.benzinga.com/markets/cryptocurrency/23/09/34195479/bitcoin-ethereum-dogecoin-trade-mixed-as-investors-weigh-august-job-report-analyst-predict"> </a><a href="https://www.benzinga.com/markets/cryptocurrency/23/09/34615277/heres-how-much-you-should-invest-in-shiba-inu-today-for-a-1m-payday-if-shib-hits-1-cent">Here&#8217;s How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?</a>
Photo by Below the Sky on Shutterstock

Dogecoin's 'Enduring Popularity' Spurs Coinbase To Introduce DOGE Futures Trading

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) offshoot, Litecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/ltc/usd">LTC</a>), surged 6.78% to $86.03 on Wednesday at the time of writing. On the same day, Litecoin said that Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) had filed with the Commodity Futures Trading Commission to kick off futures trading for the cryptocurrency.
What Happened: It should be noted that the cryptocurrency trading platform also moved to launch monthly cash-settled futures contracts for Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>) and Bitcoin Cash (BCH).
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">BREAKING: <a href="https://twitter.com/coinbase?ref_src=twsrc%5Etfw">@Coinbase</a> filing with CFTC to kick off futures trading for Litecoin! <a href="https://t.co/wUccfVCRHC">https://t.co/wUccfVCRHC</a>
&mdash; Litecoin (@litecoin) <a href="https://twitter.com/litecoin/status/1770602110989873287?ref_src=twsrc%5Etfw">March 21, 2024</a></blockquote>
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Bloomberg Intelligence ETF research analyst, James Seyffart, said on X that Coinbase&#8217;s move raises interesting regulatory questions with respect to the classification the three Bitcoin forked cryptocurrencies. He said, &#8220;Might be why Coinbase chose them.&#8221; He also shared the certifications, filed &#8220;quietly&#8221; with the CFTC, in the same post.
&#8220;These all forked from Bitcoin so &#8216;these are securities&#8217; claims would be hard to make after spot #Bitcoin ETF approvals,&#8221; said Seyffart.
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">This is interesting&#8230; wonder if the SEC objects to these being classified &#39;commodities futures&#39; vs &#39;securities futures&#39;. These all forked from Bitcoin so &quot;these are securities&quot; claims would be hard to make after spot <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> ETF approvals. Might be why Coinbase chose them&#x1f914; <a href="https://t.co/PRCxzQEYbi">https://t.co/PRCxzQEYbi</a>
&mdash; James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1770539658029461834?ref_src=twsrc%5Etfw">March 20, 2024</a></blockquote>
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Why It Matters: Litecoin emerged in October 2011. It was created by Charles &#8220;Charlie&#8221; Lee, a former Google engineer. Derived from Bitcoin&#8217;s open-source code, Litecoin is mined on ASICs as well as GPUs. Similarly, Dogecoin and Bitcoin Cash were also forked from Bitcoin in 2013 and 2017 respectively.
This announcement comes at a time of significant market volatility. Coinbase has been facing its own challenges, with some users experiencing issues with their crypto sends and receives being displayed as pending. The exchange <a href="https://www.benzinga.com/news/24/03/37830155/coinbase-global-inc-says-aware-that-some-users-may-see-their-crypto-sends-and-receives-as-pending">acknowledged this problem</a> and assured users that their funds were safe.
The following day, the market experienced <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37838471/bitcoin-ethereum-dogecoin-plunge-as-650m-worth-of-crypto-liquidated-in-a-single-day-analys">a significant downturn</a>, with over $650 million worth of crypto being liquidated in a single day. 
This was followed by a 13% drop in Bitcoin&#8216;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) value, on Mar. 20, prompting the question of whether <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37847337/bitcoin-dumps-13-from-its-all-time-high-what-caused-the-crypto-crash-will-it-recover">the crypto market</a> would recover.
Despite this, the demand for cryptocurrencies remains high, with Coinbase&#8217;s decision to offer futures trading for these assets reflecting a growing interest in the market. The move also highlights the increasing importance of altcoins like Dogecoin and Litecoin, which were initially created as a joke but have since gained significant traction in the crypto space.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37769976/bitcoin-ethereum-dogecoin-surge-amid-selling-pressure-over-the-weekend-analyst-says-king-c?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Ethereum, Dogecoin Surge Amid Selling Pressure Over The Weekend: Analyst Says King Crypto To Reach $100K-$150K Post Halving In April</a>
Image: WorldSpectrum from Pixabay
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COIN

Dogecoin, Litecoin, And Bitcoin Cash Futures Trading Set To Be Unveiled By Coinbase On April Fool's Day

Bitcoin Cash (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bch/usd">BCH</a>) and Ethereum Classic (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/etc/usd">ETC</a>) are trading lower by 1.3% to $374.02 and 3.7% to $28.92 Tuesday, though off their session lows. Shares of several crypto-related stocks and altcoins are falling, pulling back following recent, marked strength in Bitcoin as the apex crypto pulls back from <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37818268/bitcoin-plunges-below-63-000-triggers-market-wide-crypto-selloff">all-time high levels</a>.
Bitcoin is the largest and most well-known cryptocurrency. As such, its price movements often influence the overall sentiment in the cryptocurrency market.
When Bitcoin experiences a significant drop or rise, it can trigger similar movements in other cryptocurrencies like Bitcoin Cash and Ethereum due to investors' reactions to the broader market sentiment.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37828387/nvidia-stock-will-ride-ai-wave-to-1-000-goldman-sachs-says-after-gtc-2024">Nvidia Stock Will Ride AI Wave To $1,000, Goldman Sachs Says After GTC 2024</a>
Bitcoin, Bitcoin Cash and Ethereum also share some technical similarities as cryptocurrencies, including blockchain technology and consensus mechanisms.
Changes in the technical aspects of one cryptocurrency, such as upgrades or scalability issues, can impact market perceptions of other cryptocurrencies with similar technical features.
<h2 class="wp-block-heading">What&#8217;s Going On With Crypto?</h2>
Bitcoin prices experienced a significant decline, dropping below $63,000 on Tuesday morning, leading to a broader downturn in the cryptocurrency market. The total market capitalization decreased by 8% within 24 hours. Analysts attribute this drop to a shift in investor sentiment. 
Data indicates a notable outflow from the Grayscale Bitcoin ETF on Monday, a significant investment avenue for institutional investors&#8230;<a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37818268/bitcoin-plunges-below-63-000-triggers-market-wide-crypto-selloff">Read More</a>

Bitcoin Cash (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bch/usd">BCH</a>) is trading lower by 4% to $385.94 during Monday's session. Several altcoins are trading lower in sympathy with Bitcoin amid the apex crypto pulling back marginally after recently hitting a new all-time high.
Bitcoin typically has higher liquidity and trading volume compared to most altcoins, including Bitcoin Cash. During a market pullback, traders may prioritize selling assets with higher liquidity to minimize slippage and ensure they can exit their positions quickly. As a result, Bitcoin Cash might experience more significant price declines compared to Bitcoin due to its relatively lower liquidity.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37777101/10-million-in-slerf-meme-coins-get-burned-by-accident-in-presale-rug-pull-oops">$10 Million In Slerf Meme Coins Get Burned By &#8216;Accident&#8217; In Presale Rug Pull: Oops!</a>
Additionally, all-time highs often create a psychological barrier for investors. When Bitcoin hits a new all-time high, some investors might perceive it as overvalued or unsustainable, leading them to take profits or exit their positions. This psychological effect can spill over into altcoins like Bitcoin Cash, causing investors to reevaluate their holdings and potentially sell off.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37788090/shiba-inu-interest-hits-2-year-high-on-google-the-10-countries-with-the-most-searches-for-">Shiba Inu Interest Hits 2-Year High On Google: The 10 Countries With The Most Searches For Dogecoin Rival</a>

What's Going On With Bitcoin Cash?

Bitcoin Cash (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bch/usd">BCH</a>) is trading higher by 6% to $441.44 during Monday&#8217;s session. Several altcoins are trading higher in sympathy with Bitcoin after the apex crypto hit a new all-time high of <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37581710/is-89-000-next-for-bitcoin-trader-sees-epic-climb-soon-if-apex-crypto-closes-above-this-le">$72,000</a>.
When Bitcoin breaks through significant price levels and achieves new all-time highs, it often boosts overall market sentiment and confidence in the cryptocurrency sector. This positive sentiment tends to spill over to other cryptocurrencies like Bitcoin Cash. 
Investors may become more optimistic about the potential for growth in the broader crypto market, leading them to explore alternative assets such as Bitcoin Cash.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37586881/trump-admits-to-bitcoin-transactions-acknowledges-utility-not-sure-that-id-want-to-take-it">Trump Admits To Bitcoin Transactions, Acknowledges Utility: &#8216;Not Sure That I&#8217;d Want To Take It Away&#8217;</a>
Bitcoin Cash emerged as a result of a hard fork from Bitcoin in 2017, and despite their differences, they share certain network effects and a common user base. When Bitcoin experiences significant price movements, it often leads to increased activity and interest in the broader cryptocurrency ecosystem, benefiting altcoins like Bitcoin Cash. 
Additionally, some investors who missed out on investing in Bitcoin early may turn to Bitcoin Cash as an alternative opportunity for potential gains.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37592860/michael-saylor-sees-zero-catalysts-that-could-bring-bitcoin-prices-down-were-just-waiting-">Michael Saylor Sees Zero Catalysts That Could Bring Bitcoin Prices Down: &#8216;We&#8217;re Just Waiting For The Rest Of The World To Realize&#8217;</a>

Why Bitcoin Cash Is Rising

Bitcoin Cash (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bch/usd">BCH</a>) is trading higher by 6.1% to $431.57 Thursday. Shares of several crypto-related stocks and altcoins are trading higher amid strength in Bitcoin and amid the apex crypto hitting a <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37529502/bitcoin-etfs-dominate-with-strong-inflows-leaving-gold-etfs-in-the-dust" target="_blank" rel="noreferrer noopener">new all-time high</a> this week.
Historically, during bullish phases in the cryptocurrency market, investors often diversify their portfolios beyond Bitcoin into alternative cryptocurrencies, commonly referred to as altcoins. Bitcoin Cash, being one of the major altcoins, tends to benefit from this trend as investors seek opportunities for higher returns.
The growing interest from institutional investors and corporations in the broader cryptocurrency market extends beyond Bitcoin to include other digital assets like Bitcoin Cash. Institutional adoption, through avenues such as investment funds, custody solutions or acceptance as a means of payment, can significantly impact Bitcoin Cash&#8217;s valuation as it gains recognition as a legitimate asset class.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37525844/bitcoin-ethereum-dogecoin-rise-as-investors-buy-the-dip-analyst-predicts-100k-for-king-cry">Bitcoin, Ethereum, Dogecoin Rise As Investors Buy The Dip</a>
<h2 class="wp-block-heading">What's Going On With Bitcoin?</h2>
On March 6, newly launched Bitcoin spot ETFs attracted significant interest, with total net inflows hitting $332 million. Despite a $276 million outflow from Grayscale Bitcoin Trust (GBTC), BlackRock&#8217;s iShares Bitcoin Trust (IBIT) led in net inflows, drawing $281 million. 
This surge followed Bitcoin&#8217;s first spot ETF approval in January 2024, marking a milestone with Bitcoin priced at $46,376 at the time of approval&#8230;<a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37529502/bitcoin-etfs-dominate-with-strong-inflows-leaving-gold-etfs-in-the-dust">Read More</a>

Why Bitcoin Cash Is Seeing Blue Skies

Bitcoin Cash (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bch/usd">BCH</a>) is trading higher by 2.2% to $411.32 during Wednesday&#8217;s session. Shares of several crypto-related stocks and altcoins are trading higher amid a rebound in Bitcoin and amid the apex crypto hitting a <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37470492/bitcoin-hovers-around-new-all-time-high-experts-eye-bullish-future-a-perfect-setup" target="_blank" rel="noreferrer noopener">new all-time high</a> this week.
Positive sentiment surrounding Bitcoin often translates into a broader optimism across the cryptocurrency market. When Bitcoin achieves new all-time highs, it&#8217;s interpreted as a sign of the overall health and potential of the cryptocurrency ecosystem.
Bitcoin Cash, being a fork of Bitcoin, also benefits from some of the network effects established by Bitcoin. As Bitcoin gains more mainstream acceptance and adoption, it can indirectly benefit Bitcoin Cash by drawing attention to the broader cryptocurrency space.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37516059/whats-going-on-with-bitcoin-mining-stocks-wednesday">What&#8217;s Going On With Bitcoin Mining Stocks Wednesday?</a>
<h2 class="wp-block-heading">What&#8217;s Going On?</h2>
Bitcoin this week reached a new all-time high surpassing $69,000, accompanied by a notable increase in capital flowing into Bitcoin spot Exchange-Traded Funds (ETFs). 
On March 5th, these ETFs saw a total net inflow of $648 million, indicating growing investor confidence in Bitcoin&#8217;s potential and the broader cryptocurrency market&#8230;<a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37510296/record-648m-inflows-to-bitcoin-etfs-coincide-with-all-time-highs">Read More</a>

Bitcoin Cash (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/bch/usd">BCH</a>) and Ethereum Classic (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/etc/usd">ETC</a>) are trading lower by 6% to $419.68 and 4.9% to $39.87 during Tuesday&#8217;s session. Shares of several crypto-related stocks and altcoins are trading lower amid Bitcoin pulling back following a <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37470492/bitcoin-hovers-around-new-all-time-high-experts-eye-bullish-future-a-perfect-setup">new all-time high</a>.
Bitcoin often serves as a bellwether for the broader cryptocurrency market. When Bitcoin experiences a significant pullback after reaching a new all-time high, it can lead to negative sentiment across the entire market, causing other cryptocurrencies like Bitcoin Cash and Ethereum Classic to also decline in value.
Some investors may also engage in speculative trading, hoping to profit from short-term price movements in cryptocurrencies like Bitcoin, Bitcoin Cash, and Ethereum Classic. When Bitcoin experiences a pullback after reaching a new all-time high, traders may sell off their positions in other cryptocurrencies to lock in profits or minimize losses, contributing to a decline in their prices.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37487997/how-much-teslas-bitcoin-is-worth-will-elon-musks-company-sell-crypto-as-it-hits-new-all-ti">How Much Tesla&#8217;s Bitcoin Is Worth: Will Elon Musk&#8217;s Company Sell Crypto As It Hits New All-Time Highs?</a>
<h2 class="wp-block-heading">What&#8217;s Going On?</h2>
Bitcoin&#8217;s price surged to nearly $69,000, flirting with its previous all-time high reached in November 2021. The increase in value has sparked predictions from industry experts, who attribute it to factors such as heightened demand from institutional investors and the introduction of Bitcoin exchange-traded funds (ETFs). Different platforms reported slightly varied price calculations for Bitcoin.
&#8220;Bitcoin has crossed the chasm between retail and professional investors,&#8221; said&nbsp;Matthew Hougan, CIO of&nbsp;Bitwise Asset Management&#8230;<a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37470492/bitcoin-hovers-around-new-all-time-high-experts-eye-bullish-future-a-perfect-setup">Read More</a>

Why Bitcoin Cash And Ethereum Classic Are Extremely Volatile

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	The post <a href="https://investorplace.com/earning-results/2024/04/bch-stock-earnings-banco-de-chile-for-q1-of-2024/">BCH Stock Earnings: Banco De Chile Beats EPS, Misses Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

BCH Stock Earnings: Banco De Chile Beats EPS, Misses Revenue for Q1 2024

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