Bitcoin Cash USD is currently on bearish momentum. At 01:04 EST on Wednesday, 27 January, Bitcoin Cash USD is at $408.19 and down by 4.55% in the last 6 hours.
Bitcoin Cash USD Range
Over the last six hours, Bitcoin Cash USD’s higher value was $426.77 and the lower value was $408.19.
Over the last twelve hours, Bitcoin Cash USD’s higher value was $428.63 and the lower value was $408.19.
Regarding Bitcoin Cash USD’s daily highs, it’s 5.895% down from its trailing 24-hour high of $433.76
About Bitcoin Cash USD’s yearly highs and lows, it’s 193.198% up from its 52-week low and 35.187% down from its 52-week high.
Bitcoin Cash USD’s last day, last week, and last month’s average volatility was a negative 1.35%, a negative 2.75%, and a positive 2.01%, respectively.
Bitcoin Cash USD’s last day, last week, and last month’s high and low average amplitude percentage was 5.50%, 9.93%, and 13.05%, respectively.
News about Bitcoin
Bitcoin return to $40,000 in doubt as grayscale fund flows slow. According to Bloomberg Quint on Monday, 25 January, "At the moment, the institutional flow impulse behind the Grayscale Bitcoin Trust is not strong enough for Bitcoin to break out above $40,000," the strategists said. ", "They added that the "risk is that momentum traders will continue to unwind Bitcoin futures positions."
80% of white respondents are aware of Bitcoin compared to 66% of hispanics and 61% of black respondents, new study by simplemoneylyfe. According to Business Insider on Monday, 25 January, "Male vs Female Bitcoin Awareness: According to another survey, 78% of male survey respondents reported being aware of Bitcoin, while only 71% of females were aware of this particular digital asset (18+ or Older).", "The research, which analyzed exclusive survey results and public databases, also discovered that males are more aware of Bitcoin than females, and 67% of Millennials favor Bitcoin over gold."
Stock alert: the9 jumps 25%, co. to buy Bitcoin mining machines. According to Business Insider on Monday, 25 January, "The9 announced that it signed five legally binding Memorandum of Understanding with five Bitcoin mining machine owners to purchase Bitcoin mining machines by the issuance of shares.", "After the completion of the transaction, The9 is expected to own 26,007 Bitcoin mining machines, with a total hash rate of around 549PH/S."
Crypto markets show more signs of excess amid Bitcoin rebound. According to Bloomberg Quint on Monday, 25 January, "Although the premium on the more than $20 billion Grayscale Bitcoin Trust (GBTC) has declined, other funds face soaring markups as retail investors clamor for crypto exposure.", "The Bitcoin proselytizer then raised an additional $650 million through convertible senior notes to invest in the world’s largest cryptocurrency in December. "
Crypto hedge funds underperformed Bitcoin during rally last year. According to Bloomberg Quint on Monday, 25 January, "Actively managed cryptocurrency hedge-funds underperformed Bitcoin during the largest digital asset’s bull run last year, according to Crypto Fund Research.", "It may also be that they have exposure to cryptos besides Bitcoin that have done well as well. "
According to Business Insider on Tuesday, 26 January, "Of the two, the Roth version might have an edge, says Bogner, especially "if you are of the mindset that Bitcoin is going to explode" in price in the future. "
Bitcoin seen topping $50,000 long term as it vies with gold. According to Bloomberg Quint on Tuesday, 26 January, "While Bitcoin has been popular for trading, "increasingly the new to market money that we are seeing is buying Bitcoin as a hedge to inflation and as digital gold," said Matt Long, head of distribution and prime brokerage at digital-asset platform OSL in Hong Kong.", "Predicting a price for Bitcoin is challenging but it’s likely to rise longer term as funds and family offices assign 0.5% or 1% of their portfolios to it, Long added."
Is Bitcoin mining worth the cost?. According to Bloomberg Quint on Tuesday, 26 January, "Even Ray Dillinger, part of the early digital-cash movement that spawned cryptocurrencies, recentlysaid Bitcoin had wasted "enormous resources of energy" on the back of taxpayer-subsidized electricity with the encouragement of exactly the sort of authoritarian governments it claimed to fight against. ", "What would Bitcoin really be worth if, in order to care for the world it set out to revolutionize, it changed its algorithm, or if miners unhooked themselves from cheap power? "
South Africa cracks down on Bitcoin after alleged ponzi scheme. According to Bloomberg Quint on Tuesday, 26 January, "While the Marks have had no contact with Steynberg, or knowledge of his whereabouts since the matter came to light, they are sure he "will repay to members their Bitcoin investments as that is the character of the Johann Steynberg they came to know," their lawyer said.", "South Africa’s finance-industry regulator wants more power to prosecute perpetrators of fraud and oversee dealing in cryptocurrencies after the collapse of a Bitcoin trader, alleged to be the country’s largest Ponzi scheme."
Skybridge's anthony scaramucci talks up new Bitcoin fund, crypto's 'exponential liftoff'. According to Business Insider on Wednesday, 27 January, "Accredited investors can subscribe directly to SkyBridge Bitcoin Fund, which requires a minimum investment of $50,000.", "Anthony Scaramucci, who founded the firm in 2005, spoke with Benzinga about why now was the time to explore Bitcoin as an asset class."