Bitcoin Cash ABC (bcha-usd) Cryptocurrency is currently on bearish momentum by 31.83% in the last 24 hours. At 07:40 EST on Saturday, 15 May, Bitcoin Cash ABC (bcha-usd) is at $33.98.
Crypto Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Bitcoin Cash ABC’s crypto is considered to be overbought (>=80).
News about Bitcoin
Bitcoin falls below $50,000 as musk calls energy use ‘insane’. According to Bloomberg Quint on Thursday, 13 May, "Musk’s decision in February to buy $1.5 billion in Bitcoin and plan to accept it as a form of payment has been a major catalyst in the crypto bull market. "
Jack dorsey says Bitcoin changes everything ‘for the better’. According to Bloomberg Quint on Friday, 14 May, "Square Inc. Chief Executive Officer Jack Dorsey said Friday that the payment processing company would "forever work" to make Bitcoin better.", "Financial News had earlier cited Ahuja as saying that Square has has halted its Bitcoin purchases after a $20 million loss in the coin last quarter."
Crypto fund pantera says Bitcoin energy concern to impact market. According to Bloomberg Quint on Thursday, 13 May, "On Thursday, he reiterated his belief that Bitcoin could still double in the next five to six months, reaching $115,000 by August. ", "There’s a point to think about how renewable the resources are that are used to process transactions on the Bitcoin brand blockchain, but it’s important to remember Bitcoin is only one of the many blockchains," he said."
Musk splits from cathie wood’s ark on Bitcoin environmental cost. According to Bloomberg Quint on Thursday, 13 May, "It’s odd that the company would reject Bitcoin as a method of payment while still retaining its holdings, said Vijay Ayyar, head of Asia Pacific at crypto exchange Luno Pte in Singapore. ", "The billionaire’s about-face came just three weeks after he appeared to endorse research from Cathie Wood’s Ark Investment Management LLC asserting that Bitcoin mining could end up being good for the planet by incentivizing renewable power."
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