Bitcoin (available on Coinbase) Cash price (BCH) bounced back sharply today after losing more than 100% of value in the last three weeks from this month’s high of $1,800. The selloff was mainly due to a lack of trader confidence in the future fundamentals of the cryptocurrency market. The total cryptocurrency market also fell to $300 billion earlier today but has since climbed back to $325 billion later in the trading.

Traders and investors are showing their concerns over the considerable drop in Bitcoin (available on Coinbase) Cash price despite infrastructural upgrades and improved transaction processing time. Traders were expecting BCH coin price to rise sharply following the recent events that have the long-standing impact on its future fundamentals.

The reaction to Jared Schlar was also interesting. The majority of users have blamed market volatility and lack of ADAptation for the recent losses.

The cryptocurrency market has been under pressure due to regulatory concerns. The ongoing investigation in the United States and the United Kingdom, amid price manipulation activities and unfair trading practices sharply impacted trader’s sentiments over the last couple of days.

Some traders and market participants believe that BCH coin is trading on speculations. It is more volatile than Bitcoin (available on Coinbase) – which reduces its potential work as viable currency.

The Rest of the Market is in Green

The entire cryptocurrency market has been in a freefall over the last couple of weeks. Analysts’ bashing and controversies related to price manipulation activities have negatively impacted investor’s sentiments. Tron (available on Binance) (TRX) and EOS (EOS) were among the biggest losers earlier today before gaining some momentum later in the session. Cardano (ADA) has posted positive price movement today after declining robustly in the last couple of days.

Analysts, on the other hand, are correlating the cryptocurrency market to the dot-com bubble. They believe only a few crypto coins will survive when the cryptocurrency bubble busts in days to come.

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