Provenance Blockchain (HASH) experienced a sharp 22% decline in the past 24 hours, dropping to $0.01038465 as of 10:52 UTC on April 2, 2026. The enterprise blockchain token saw its market capitalization fall by $164.4 million to $585.5 million, maintaining its position as the 89th largest cryptocurrency by market cap.
Steep Intraday Price Action
HASH plunged from a 24-hour high of $0.01331 to a low of $0.01035, representing one of the most significant single-day drops for the token in recent months. The current price sits just 10.4% above its all-time low of $0.00941, recorded on March 30, 2026.
Trading volume remains relatively subdued at $17,496 over the past 24 hours, suggesting limited liquidity as the token continues its downward trajectory. The low volume relative to the sharp price decline may indicate concentrated selling pressure or lack of buyer interest at current levels.
Extended Downtrend Continues
The latest drop extends Provenance Blockchain’s ongoing decline across multiple timeframes:
- 7-day performance: Down 26.4%
- 30-day performance: Down 35.2%
- From all-time high: Down 82.7% from $0.0601 reached in September 2025
With 56.38 billion tokens in circulation out of a maximum supply of 100 billion, HASH maintains a fully diluted valuation of approximately $1.04 billion. The significant gap between circulating and total supply suggests potential additional selling pressure if more tokens enter circulation.
Market Context
Provenance Blockchain operates as an enterprise-grade blockchain platform designed for financial services institutions. The network focuses on providing infrastructure for asset tokenization, loan origination, and digital asset management. The sharp decline raises questions about institutional adoption momentum and broader market sentiment toward enterprise blockchain solutions.
The token’s proximity to its all-time low indicates traders are approaching historically significant support levels. However, the persistent downward pressure across weekly and monthly timeframes suggests bearish momentum remains firmly in control. Market participants should monitor whether HASH can establish a base near current levels or if further deterioration lies ahead.
This is a developing story. Trading decisions should be based on individual risk tolerance and comprehensive research.
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About the Author: Ananya Melhotra
