Why is Bitcoin Cash down today?

Bitcoin Cash is down 2.6% over 24 hours at $268.88 with no coin-specific news behind the move — it's tracking a weaker crypto market. The trigger was September CPI at 3.7%, above forecasts, which pushed Treasury yields higher and put a Fed rate hike back on the table, dragging crypto down alongside stocks. Bitcoin fell 1.9% to $81,668 in the same window.

The policy backdrop added little support. Patrick Witt is leaving his role as the White House's top crypto adviser with the Clarity Act stalled in Congress, removing a key advocate at a moment when market-structure legislation is already drifting. Separately, the OCC said it found debanking policies at nine major US banks that restricted digital-asset issuers and exchanges, with further rules under consideration.

BCH's larger 7-day drop of 10.6% reflects its thinner liquidity — $141 million of daily volume against a $5.4 billion market cap — which typically amplifies broad market swings in both directions relative to Bitcoin's 2.1% weekly decline.