BCH has continued to produce bearish momentum, dropping to record lows against both fiat and cryptocurrency pairings. When measuring against the dollar, BCH has spent the majority of today, Nov. 21, bouncing between the record low area of $230 and local resistance at roughly $270. BCH has lost approximately 60% of its dollar value in the last fortnight in the wake of its contentious hard fork. As of this writing, BCH is trading for roughly $247 on Bitstamp.
When measuring against BTC, BCH recently posted its lowest recorded price since its opening day of trade, falling to the 0.045 BTC area yesterday on Bittrex. Since then, BCH/BTC has bounced roughly 16% to currently trade for 0.05123 BTC. BCH/BTC has lost over 42% in the last two weeks. BCH is currently the fourth largest cryptocurrency market with a total capitalization of $4.1 billion, equating to roughly 2.75% of the total cryptocurrency market cap.