Bitcoin Cash USD is currently on bearish momentum. At 16:05 EST on Monday, 22 February, Bitcoin Cash USD is at $622.56 and down by 12.86% in the last 24 hours.

Bitcoin Cash USD Range

Over the last six hours, Bitcoin Cash USD’s higher value was $622.56 and the lower value was $597.27.

Over the last twelve hours, Bitcoin Cash USD’s higher value was $666.64 and the lower value was $559.48.

About Bitcoin Cash USD’s daily highs and lows, it’s 11.275% up from its trailing 24-hour low of $559.48 and 12.009% down from its trailing 24-hour high of $707.53.

About Bitcoin Cash USD’s yearly highs and lows, it’s 347.177% up from its 52-week low and 18.886% down from its 52-week high.

Volatility

Bitcoin Cash USD’s last day, last week, and last month’s average volatility was 3.72%, 2.38%, and 4.56%, respectively.

Bitcoin Cash USD’s last day, last week, and last month’s high and low average amplitude percentage was 9.97%, 11.60%, and 9.93%, respectively.

News about Bitcoin

Musk defends Tesla Bitcoin move, says token less dumb than cash. According to Bloomberg Quint on Friday, 19 February, "The optimism over institutional interest, among other factors, has helped Bitcoin surge more than 400% over the past year. ", "His remarks prompted Musk to explain the move by Tesla, which is also planning to accept Bitcoin as a payment method."

Bitcoin nears $1 trillion value as crypto jump tops other assets. According to Bloomberg Quint on Friday, 19 February, "AMP’s Oliver said if Bitcoin "falls out of favor — for example due to government regulation or investors just moving on to the next new thing — then it could quickly plunge.", "If companies’ fundamentals are going to become closely tied to movements in Bitcoin because they’ve suddenly become speculators on the side, we’re going to be in bubble territory before you know it," said Craig Erlam, senior market analyst with Oanda Europe Ltd."

Bitcoin hits $1 trillion value as crypto jump tops other assets. According to Bloomberg Quint on Friday, 19 February, "Tesla Chief Executive Officer Elon Musk posted a somewhat cryptic tweet Friday that appeared in part to defend the company’s action, saying Bitcoin "is simply a less dumb form of liquidity than cash" while adding that the electric vehicle maker’s decision isn’t "directly reflective of my opinion.", "If companies’ fundamentals are going to become closely tied to movements in Bitcoin because they’ve suddenly become speculators on the side, we’re going to be in bubble territory before you know it," said Craig Erlam, senior market analyst with Oanda Europe Ltd."

Bitcoin is hitting record highs. why it's not too late to dig for digital gold.. According to The Wall Street Journal on Friday, 19 February, "The shape of this future is hazy: Bitcoin itself could be a major component, or it might be alternatives like so-called stablecoins pegged to dollars, or digital currencies issued directly by central banks. "

Biotech is acting ‘more and more like’ Bitcoin, evercore says. According to Bloomberg Quint on Friday, 19 February, "For Evercore ISI analyst Josh Schimmer, the heady run up in biotech stocks makes them look "more and more like Bitcoin these days," with a speculative mania sweeping away the usual gauges of value.", "The scale of the stock rallies — as with the concept of Bitcoin — have left "old school" investors used to more standard measures of value "struggling to understand these high-flying stocks which are in the hands of investors who use very different fundamentals," Schimmer said in the note."

Cantor CEO lutnick likens Tesla, Bitcoin surges to gamestop saga. According to Bloomberg Quint on Friday, 19 February, "Retail keeps driving that stock up and retail keeps driving Bitcoin up," he said. ", "The cryptocurrency Bitcoin is valued at more than $55,000 and has nearly doubled this year."

Bitcoin is surging. americans still don’t get how it works. According to Bloomberg Quint on Saturday, 20 February, "Of the people familiar with cryptocurrencies,4% say they think Bitcoin will fall to $0, while 8% say they see it heading above $100,000."

Elon Musk says Bitcoin and ethereum prices ‘seem high’. According to Bloomberg Quint on Saturday, 20 February, "Billionaire Elon Musk said the price of Bitcoin and Ethereum "seem high" as the cryptocurrencies reached new records.", "He was replying to a tweet by Peter Schiff — a cryptocurrency skeptic and noted gold bug — who said the precious metal is better than Bitcoin and fiat money."

According to Business Insider on Saturday, 20 February, "This means if Tesla owns the same amount of Bitcoin as it did on January 31, it made a paper profit of about $930 million since January. ", "Even JPMorgan is now touting a case for the price of bitcoin hitting $146,000, but a recent note published by the firm did suggest that Bitcoin was worth only $25,000 with such high levels of current volatility."

According to Business Insider on Saturday, 20 February, "Its latest rally has largely been attributed to Tesla’s $1.5 billion purchase revealed in an SEC filing on Feb 8, sending Bitcoin up 16% on the day.", "Schiff’s was quoting Musk’s tweet that Bitcoin was a "less dumb" version of cash."

Social media buzz: musk on Bitcoin levels, ted cruz, gamestop. According to Bloomberg Quint on Saturday, 20 February, "Elon Musk said the price of Bitcoin and Ethereum "seem high" as the cryptocurrencies reached new records. ", "Musk earlier called Bitcoin a "less dumb" version of cash, and added, "Money is just data that allows us to avoid the inconvenience of barter."

The BTC breakout continues as new Bitcoin ETF launches. According to Business Insider on Saturday, 20 February, "It’s called the Purpose Bitcoin ETF, and it trades under the symbol "BTCC".", "The post The BTC Breakout Continues as New Bitcoin ETF Launches appeared first on InvestorPlace."

Bitcoin stocks are possibly the dumbest Bitcoin play. According to Bloomberg Quint on Sunday, 21 February, "This huge return over the past year is minuscule compared to the rise in Bitcoin itself -which is five times higher than a year ago. ", "But over the long term, if you truly think Bitcoin is a winner, then there’s really just one clear way to bet on it."

Raging success of first Bitcoin fund shows who leads ETF market. According to Bloomberg Quint on Sunday, 21 February, "The closest alternative, the Grayscale Bitcoin Trust, has about $34 billion in assets. ", "However, given the existing Bitcoin products available to U.S. investors, a Bitcoin ETF would seem to strike that balance."

Tesla is ideally positioned to become the world's most important Bitcoin bank. According to Business Insider on Sunday, 21 February, "The Elon Musk Bank of Bitcoin is officially open for business – and don’t be shocked if business starts to boom."

Bitcoin rally faces potential test from falling market liquidity. According to Bloomberg Quint on Monday, 22 February, "The Bitcoin faithful argue corporate treasurers and institutional investors are new sources of demand and that the token can hedge risks such as faster inflation. ", "Market liquidity is currently much lower for Bitcoin than in gold or the S&P 500, which implies that even small flows can have a large price impact," he wrote in a note on Friday."

Forget Bitcoin or Tesla. muni bonds are the king of costly.. According to Bloomberg Quint on Monday, 22 February, "Believe it or not,the $3.9trillion municipal-bond market and Bitcoin have muchin common.", "It’s certainly fair to argue that Bitcoin isn’t worth more than $50,000, or that shares of Tesla Inc. shouldn’t be trading at more than1,000 times earnings."

Bitcoin ETF sellers in Sweden urged to avoid average consumers. According to Bloomberg Quint on Monday, 22 February, "Exchange-traded crypto-tracking products exist in Europe and a Bitcoin ETF opened in February in Canada. ", "Sweden is home to the largest Bitcoin exchanged-traded product: The $1.7 billion Bitcoin Tracker EUR, which invests in swap contracts to mirror the cryptocurrency’s returns, is listed on the Stockholm Stock Exchange."

Bitcoin pulls back from record as prices give up weekend gains. According to Bloomberg Quint on Monday, 22 February, "The world’s largest cryptocurrency has been on a tear this month, propelled by purchases from Tesla Inc. and institutional investors who say Bitcoin is an attractive alternative to gold and the dollar.", "So it’s also possible that prices fell on Monday as institutional crypto traders, who follow normal business hours, responded to Elon Musk’s Saturday tweet that Bitcoin prices "seem high."

According to Business Insider on Monday, 22 February, "At this point, our belief is: Bitcoin is not a question of if, but when," Demirors said.", "The size of the Bitcoin market recently shot past $1 trillion as it hit a record high of $58,354. "

Bitcoin plunges 8% as record-shattering rally succumbs to valuation fears. According to Business Insider on Monday, 22 February, "Based on our calculations, we estimate that Tesla so far has made roughly $1 billion of profit over the last month from its Bitcoin investment given the skyrocketing price of Bitcoin, which now tops a trillion of market value," analyst Dan Ives wrote in a note published Saturday."

Bitcoin tanks 10% after Elon Musk says prices seem high. According to CNBC on Monday, 22 February, "Tesla is "on a trajectory to make more from its Bitcoin investments than profits from selling its EV (electric vehicle) cars in all of 2020," Ives estimated in a note published Saturday."

According to MarketWatch on Monday, 22 February, "One major study indicated only a small percentage of Bitcoin transactions are used in illicit transactions, however, and supporters also point out the same is true of the dollar. "

Elon Musk’s Bitcoin tweet hurts Tesla’s own bet in currency. According to Bloomberg Quint on Monday, 22 February, "The estimated profit on the purchase was cut quickly when Bitcoin plunged as much as 17% on Monday. ", "That reflected a total worth of about $2.4 billion on Sunday’s Bitcoin price and of about $2 billion at Monday’s low."

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