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Bitcoin Cash USD On Bearish Momentum: 0.42% Down In The Last 6 Hours

ViaNews Editorial Team

December 28, 2020

Bitcoin Cash USD On Bearish Momentum: 0.42% Down In The Last 6 Hours

Bitcoin Cash USD is currently on bearish momentum. At 01:09 EST on Monday, 28 December, Bitcoin Cash USD is at $346.88 and down by 0.42% in the last 6 hours.

Bitcoin Cash USD Range

Over the last six hours, Bitcoin Cash USD's higher value was $348.34 and the lower value was $344.08.

Over the last twelve hours, Bitcoin Cash USD's higher value was $351.17 and the lower value was $336.59.

Concerning Bitcoin Cash USD's daily highs and lows, it's 7.854% up from its trailing 24-hour low of $321.62 and 3.268% down from its trailing 24-hour high of $358.60.

About Bitcoin Cash USD's yearly highs and lows, it's 149.16% up from its 52-week low and 29.643% down from its 52-week high.

Volatility

Bitcoin Cash USD's last day and last week average volatility is a positive 4.75% and a positive 7.96%, respectively. Bitcoin Cash USD's high and low amplitude percentage in the last week was 12.53%.

News about Bitcoin

Bitcoin surges to fresh record high and looks set to break the $25,000 level: 'merry bitmas'. According to Business Insider on Fri Dec 25, "Known as the leading cryptocurrency, Bitcoin has been a surprise success during the pandemic, quickly becoming a competitor to gold in some portfolios.", "However, Bitcoin investors - known for their unquenchable optimism - think this is just the start."

Bitcoin miners in nordic region get a boost from cheap power. According to Bloomberg Quint on Sun Dec 27, ""It is one of the biggest developments in Bitcoin mining to look out for."", "The current market dynamics give big miners alternatives to places where Bitcoin are usually created such as China, Kazakhstan and Canada."

Bitcoin faces regulatory scrutiny after record-breaking rally. According to Bloomberg Quint on Sun Dec 27, "Clayton's exit from the regulator is welcome news for crypto fans who saw him take a hard line over the years, suing to halt initial coin offerings, rejecting applications for Bitcoin exchange-traded funds and launching a last-minute lawsuit against Ripple Labs Inc. Gensler, who served as a Commodity Futures Trading Commission chairman during the Obama administration, is a senior advisor to the MIT Media Lab Digital Currency Initiative and teaches about blockchain technology and digital currencies.", "But for Bitcoin, 2020 has been a marvelous time."

Bitcoin on longest winning run since 2019 after hitting record. According to Bloomberg Quint on Mon Dec 28, "Bitcoin climbed as much as 3.6% on Monday and was trading at about $27,150 as of 1 p.m. in Tokyo. ", "Ayyar said investors are shifting to Bitcoin and other digital coins in the wake of the XRP development."

In this story · Knowledge Files

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.

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