Bitcoin Cash down to $228 after continued sell offs

By Nicholas Marinoff

Crypto is an up and down game—and today’s been a down day for Bitcoin Cash.

In fact, most of the top-20 cryptocurrencies by market cap had small drops in price today, according to data from Messari. Bitcoin is once again back down to trading between $8,100 to $8,200 per coin, despite rising to as high as $8,300 just 24 hours ago. Ethereum remains more or less stable at around the $180 mark.

But Bitcoin Cash has dropped nearly $10 per coin within the last few days, from $236 to now around $228 per coin—a decrease of nearly 2 percent. Any rally BCH manages to pull off has yet to find sustained interest it appears.

But it’s not all bad news for Bitcoin Cash, which recently found newfound acceptance in South America, thanks, in part, to a new partnership between Mercado Livre and BitPay. This will allow crypto enthusiasts in Brazil to pay with BCH and BTC for goods available through Mercado Livre, one of Latin America’s biggest online marketplaces.

Alberto Vega, a regional manager at BitPay, told Business Insider that Bitcoin and other cryptocurrencies have become overwhelmingly popular in Brazil, and blockchain awareness has grown significantly within the past 12 months.

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