Bitcoin Cash is going down ... we all saw it coming!
The bitcoin cash price dropped below $500 on Chinese exchanges ...
Nevertheless, Chinese traders continue to put intense downward pressure on the bitcoin cash price. On Huobi, for instance, BCC/CNY is trading at just $497. At present, bitcoin cash’s largest exchange pair remains BCH/KRW on Bithumb. Since South Korean regulators are considering tightening their digital currency regulations, BCH/KRW support levels could falter if regulators take a heavy-handed approach to the new rules.