The Bitcoin Cash price (BCH/USD) has seen some losses over the past 24 hours, amid nervous trading, marked by frequent fluctuations.
The fourth-largest digital currency on the market saw a significant decline in yesterday’s morning session, with its price falling to an intraday low of $513.12, from its opening level of $526.91. The virtual coin attempted to launch a recovery in the afternoon, but its momentum was hindered by a series of minor price swings. Still, the coin managed to pare its losses for the day, finishing the session at $517.79.
Bitcoin Cash has continued to struggle in today’s trading. The digital currency fell to a three-day low in the morning session and has continued to perform poorly in the afternoon. At the time of writing, the Bitcoin Cash price was hovering around $510, according to data from digital currency tracker Coinmarketcap.
In other BCH-related news, digital currency wallet provider Bitcoin.com considers developing its own cryptocurrency exchange, Bloomberg has reported.
The new was revealed yesterday by the company’s chief executive officer Roger Ver, who told Bloomberg yesterday that he was considering finding a partner to produce the platform, or might “build one internally.”
“If we build it ourselves, we can do it really, really cheap, and we get exactly what we want,” he said, as quoted by the newswire. “But we don’t have the security of a battle-tested exchange that’s been around for a while.
Ver was one of the early supporters of Bitcoin (BTC), but he switched his allegiance to Bitcoin Cash last year. He said yesterday that BCH would be the base currency for the crypto exchange. He added that the trading platform “will be posted on Bitcoin.com so we’ll have thousands or tens of thousands of new users every single day”.
In today’s trading, the Bitcoin Cash price stood at $511.22, as of 12:35 BST. The digital coin has lost 1.2% of its value in the past 24 hours.