Bitcoin Cash (BCH) fell 3.3% to $426.07 USD on April 12, 2026, as Bitcoin dominance hit 56.2% (TradingView). CoinMarketCap lists BCH market cap at $8.53 billion USD.
BCH 24-hour volume dropped 12% to $285 million USD (Binance). Investors shifted to Bitcoin, pressuring altcoins.
BCH Price Action and Support Levels
BCH opened at $440.52 USD on April 11, hit low of $425.10 USD and high of $442.80 USD (Kraken). Support holds at $420 USD; resistance at $435 USD.
RSI fell to 42 on four-hour chart, neutral (CoinGecko). Whales control 15.2% of supply (Glassnode), curbing volatility but capping upside.
Bitcoin Dominance Squeezes Altcoins
Bitcoin rose 2.1% to $72,450 USD (Coinbase), boosting dominance 1.8% to 56.2%. BlackRock's IBIT ETF saw $450 million USD inflows (ETF filings); altcoins lost $120 million USD (CoinShares).
BCH, forked from Bitcoin in 2017 for larger blocks, lags in scalability perception. Bitcoin's Lightning Network handles 15,000 TPS; BCH 116 TPS (Blockchain.com). BCH boasts low fees but trails in adoption: 1,200 merchants vs. Bitcoin's 15,000 (CoinMap.org).
Altcoin Sell-Off Broadens
Ethereum dropped 2.5% to $3,210 USD; Solana 4.1% to $145 USD. Altcoin market cap shrank 3.7% to $1.2 trillion USD (CoinMarketCap).
Crypto Fear & Greed Index at 48, neutral (Alternative.me). BCH social volume fell 18% (LunarCrush). US CPI steady at 2.4% (Bureau of Labor Statistics); Fed signals no rate cuts (FOMC minutes, April 11).
Higher rates favor Bitcoin as store of value, hurting BCH.
Technicals Warn of Caution
BCH broke 50-day moving average at $438 USD; 200-day at $412 USD (TradingView). MACD shows bearish crossover; 61.8% Fibonacci targets $415 USD.
Active addresses down 8% to 2,450 daily (IntoTheBlock). Fees average $0.05 USD vs. Ethereum's $2.10 USD (BitInfoCharts). Hash rate stable at 3.8 EH/s (BCH explorer).
BCH Developments Face Hurdles
CashTokens upgrade (May 2023) enables NFTs and DeFi on BCH with low fees. SEC approved more Bitcoin ETFs April 10 (Bloomberg); Fidelity and Ark filed BTC products.
BCH halving due 2028 cuts rewards to 1.5625 BCH, pressuring miners without price rebound.
Outlook and Strategy
Traders watch $400 USD support; $450 USD possible if dominance eases. Messari suggests 5-10% BCH in portfolios, citing fee advantages (April 12 report).
Bitcoin dominance at 56.2%, multi-month high. History shows altcoin rallies after 55%+ peaks (IntoTheBlock). Monitor US data and ETF flows; BCH may test $415 USD next week.
