Bitcoin Cash USD is currently on bearish momentum. At 19:09 EST on Thursday, 21 January, Bitcoin Cash USD is at $419.47 and down by 4.18% in the last 6 hours.
Bitcoin Cash USD Range
Over the last six hours, Bitcoin Cash USD’s higher value was $444.64 and the lower value was $419.47.
Over the last twelve hours, Bitcoin Cash USD’s higher value was $452.94 and the lower value was $419.47.
Concerning Bitcoin Cash USD’s daily highs, it’s 14.932% down from its trailing 24-hour high of $493.10
About Bitcoin Cash USD’s yearly highs and lows, it’s 0% down from its 52-week low and 0% down from its 52-week high.
Bitcoin Cash USD’s last day, last week, and last month’s average volatility was a negative 2.35%, a positive 0.12%, and a positive 2.79%, respectively.
Bitcoin Cash USD’s last day, last week, and last month’s high and low average amplitude percentage was 9.19%, 9.85%, and 13.38%, respectively.
News about Bitcoin
JPMorgan sees Bitcoin crossing $40k again in coming weeks, if this key condition is met. According to Business Insider on Tuesday, 19 January, "JPMorgan analysts see Bitcoin (BTC) continuing on its rally above the $40,000 mark, if the Grayscale Bitcoin Trust (OTC:GBTC) continues to sustain inflow above the $100 million mark every day in the coming weeks.", "Why It Matters: Bitcoin hit an all-time high of $41,962.36 earlier this month in a rally that left even some ardent supporters dizzy."
Bitcoin profit review : comprehensive sign up guide for Bitcoin profit app. According to Business Insider on Tuesday, 19 January, "Once deposited money is in Bitcoin Profit account, traders can start making a profit daily with the chance to reinvest that money to keep increasing profit. ", "Bitcoin Profit Update: Bitcoin Profit is one of the many cryptocurrency trading robot that many investors claim has helped them make significant returns from the booming crypto markets. "
Bofa clients with $561 billion say Bitcoin is most crowded trade. According to Bloomberg Quint on Tuesday, 19 January, "For the first time since 2017, Bank of America Corp. clients with $561 billion combined say Bitcoin is the world’s most crowded trade as speculative euphoria hits Wall Street."
A $3 billion digital-asset investing trailblazer just launched an exchange-traded Bitcoin product in the midst of the cryptocurrency's wild rally. According to Business Insider on Tuesday, 19 January, "CoinShares, one of the earliest digital asset investing firms, said on Tuesday it had launched an exchange-traded Bitcoin product.", "The CoinShares Physical Bitcoin Product is set to be listed on Switzerland’s main stock exchange under the ticker symbol BITC. "
Bitcoin and U.S. tech stocks are the biggest market bubbles right now, investors say. According to CNBC on Tuesday, 19 January, "When asked specifically about the 12 month fate of Bitcoin and Tesla – a stock emblematic of a potential tech bubble – a majority of readers think that they are more likely to halve than double from these levels with Tesla more vulnerable according to readers," Deutsche Bank said."
Far right groups get Bitcoin windfall weeks before capitol riot. According to Bloomberg Quint on Tuesday, 19 January, "The entities’ normally anonymous encrypted Bitcoin addresses were public, making it relatively easy to trace the payments over the online ledger known as a blockchain that includes all the peer-to-peer transactions, Chainalysis said.", "Last week, European Central Bank President Christine Lagarde said Bitcoin had been enabling "funny business."
Bitcoin surge built on market exUberance, momentum trading. According to Bloomberg Quint on Wednesday, 20 January, "Since October 2020 — the starting point of the latest Bitcoin cycle — about 60% of returns can be explained by exuberance in the wider market and momentum trading, according to Bloomberg Economics’ structural empirical model which exploits the co-movement of prices for Bitcoin and other assets to determine what factors are driving the ups and downs of the digital currency. "
Bitcoin slides below $35,000 as crypto mania loses momentum. According to Bloomberg Quint on Wednesday, 20 January, "Analysts have pointed to $40,000 as the key level that Bitcoin needs to surpass in order to draw fresh money from investors riding cryptocurrency momentum. ", "Many cryptocurrency traders are diversifying into other coins in fear that Bitcoin could see another collapse if $41,500 is not reached sometime soon," said Edward Moya, senior market analyst at Oanda Corp."
We spoke to crypto platform gemini, which is backed by the winklevoss twins, about Bitcoin, how to use stable coins and why regulation won't kill the boom in digital currencies. According to Business Insider on Wednesday, 20 January, "Above-ground gold is valued – conservatively – at around $9 trillion, meaning if the twins are right about "using a gold framework to value Bitcoin, and Bitcoin continues on this path, then the bull case scenario for Bitcoin is that it is undervalued by a multiple of 45," they said.", "This week, Deutsche Bank published research that showed market players rated Bitcoin an 8.7 out of 10 on a bubble scale, with 10 being an ‘extreme bubble’."
Bitcoin sinks below $34,000 as sell-off cuts into early-January momentum. According to Business Insider on Wednesday, 20 January, "Flows into the Grayscale Bitcoin Trust and futures contracts can serve as early indicators of whether such support can be reached, he added.", "The software CEO-turned Bitcoin whale explains why he is making such a massive bet on the digital asset."
BlackRock files to add Bitcoin futures to two of its funds. According to Bloomberg Quint on Wednesday, 20 January, "BlackRock Inc. is adding cash-settled Bitcoin futures as an eligible investment to two funds, according to regulatory filings.", "The world’s largest asset manager filed updated prospectuses for two funds on Wednesday with the U.S. Securities and Exchange Commission that included cash-settled Bitcoin futures among the assets they can buy."
Bitcoin falters for a second day, slides below technical level. According to Bloomberg Quint on Thursday, 21 January, "That drop did, however, precede a seven-week run that helped propel Bitcoin into its current bull rally."
Bitcoin losses gather pace, with prices nearing three-week low. According to Bloomberg Quint on Thursday, 21 January, "On Wednesday, BlackRock Inc. filed paperwork to add Bitcoin futures as an eligible investment in two funds, the first time the money manager is offering clients exposure to cryptocurrency."
Bitcoin is no market hedge, JPMorgan strategists say. According to Bloomberg Quint on Thursday, 21 January, "JPMorgan Chase & Co. cross-asset strategists have bad news for anyone on Wall Street betting that Bitcoin is the hottest way to diversify portfolios in a world short on hedges but big on valuation risk.", "But in the recent run-up, the dynamics have changed and Bitcoin is moving more in lockstep with traditional cyclical markets."
Bitcoin plunge has newbies scrambling to google double-spend. According to Bloomberg Quint on Thursday, 21 January, "Instead of bank software handling electronic transfers, Bitcoin is transacted on a blockchain — basically a spreadsheet that logs when coins move and to where. ", "In the case of the blockchain — or the software that underlies Bitcoin and other cryptocurrencies — the transaction in question would be excluded from the final tally on the digital ledger."
Mercado Bitcoin receives contribution led by GP investimentos and parallax ventures who will invest BRL 200 million in 2021. According to Business Insider on Thursday, 21 January, "Our long-term purpose is to participate in the construction of a new infrastructure for the financial market (IMF), based on blockchain, smartcontracts and crypto assets", explains Reinaldo Rabelo, CEO of Mercado Bitcoin .", "SÃO PAULO, Jan. 21, 2021 /PRNNewswire/ — Founded by brothers Gustavo and Mauricio Chamati in 2013, Mercado Bitcoin has become the largest crypto-currency exchange in Latin America. "