Bitcoin Cash ABC Cryptocurrency is currently on bullish momentum by 17.77% in the last 6 hours. At 13:41 EST on Friday, 23 April, Bitcoin Cash ABC is at $34.93.
Bitcoin Cash ABC’s last week, last month’s, and last quarter’s current volatility was 37.90%, 37.90%, and 37.90%, respectively.
Bitcoin Cash ABC’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 37.90% (last week), 37.90% (last month), and 37.90% (last quarter), respectively.
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
Largest Bitcoin fund dives to record discount amid crypto swoon. According to Bloomberg Quint on Friday, 23 April, "Still, that’s likely of little comfort to many of the other GBTC investors who bought the trust at a premium during the height of the Bitcoin mania.", "That’s helped to widen the difference between the share price and the underlying value of the Bitcoin holdings to roughly negative 19% as of Thursday’s closing prices, according to data compiled by Bloomberg."
Cathie wood’s ARK has Bitcoin and solar backwards. According to Bloomberg Quint on Thursday, 22 April, "There is theexistential question of what the actual utility of Bitcoin really is, beyond giving certain social media accounts something to focus on. ", "If anything, Bitcoin might be a useful adjunct for a dispatchable, low-carbon power source suffering from persistently high costs …nuclear Bitcoin, anyone?"
What Elon Musk and jack dorsey are missing about Bitcoin and green energy. According to Bloomberg Quint on Thursday, 22 April, "A trio of Jack Dorsey, Cathie Wood and Elon Musk are promoting the idea that Bitcoin mining can be good for the planet actually. ", "Research from the Centre for Alternative Finance shows that Bitcoin mining is dominated by China, a country currently driving a boom in new coal plants. "
Cathie wood’s ARK says Bitcoin mining is good for the planet. According to Bloomberg Quint on Thursday, 22 April, "Square Inc., which Wood cited in a Twitter post as collaborating on the research, has been buying Bitcoin and says crypto is a growing part of its business through the use of its Cash App for Bitcoin transactions.", "All else equal, with Bitcoin mining, we believe renewable energy should be able to provision a large percentage of any locality’s power economically," the post said. "
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