Bitcoin Cash USD is currently on bearish momentum. At 00:06 EST on Thursday, 21 January, Bitcoin Cash USD is at $475.95 and down by 4.9% in the last 6 hours.
Bitcoin Cash USD Range
Over the last six hours, Bitcoin Cash USD’s higher value was $499.28 and the lower value was $475.95.
Over the last twelve hours, Bitcoin Cash USD’s higher value was $499.28 and the lower value was $475.95.
Concerning Bitcoin Cash USD’s daily highs, it’s 5.836% down from its trailing 24-hour high of $505.45
Concerning Bitcoin Cash USD’s yearly highs and lows, it’s 241.869% up from its 52-week low and 24.428% 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
Bitcoin retreats from $40,000 level strategists view as key. According to Bloomberg Quint on Monday, 18 January, "The JPMorgan strategists said Bitcoin was in a similar position in late November, except with $20,000 as the test. ", "The pattern of demand for Bitcoin futures and the $22.9 billion Grayscale Bitcoin Trust will help determine the outlook, they added."
A record $3.7 billion in Bitcoin options are set to expire on January 29 as interest in cryptocurrencies surges. According to Business Insider on Monday, 18 January, "A record $3.7 billion worth of Bitcoin options are set to expire on January 29, as speculation ramps up following the recent volatility in the cryptocurrency’s price and growth in interest in its derivatives.", "But interest has risen sharply over the last few months as the Bitcoin price has surged towards an all-time high near $42,000 earlier this month. "
Coinshares is starting an exchange-traded Bitcoin product. According to Bloomberg Quint on Monday, 18 January, "The CoinShares Physical Bitcoin product will go live on Jan. 19 and be listed under the ticker BITC on the SIX Swiss Exchange. ", "It launched a regulated Bitcoin investment vehicle in 2015, when the coin traded around $400."
JPMorgan sees Bitcoin crossing $40k again in coming weeks, if this key condition is met. According to Business Insider on Tuesday, 19 January, "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.", "Read Next: Bitcoin Rally Pause Gives DeFi, Smart Contract Cryptos The Time To Shine"
Bitcoin profit review : comprehensive sign up guide for Bitcoin profit app. According to Business Insider on Tuesday, 19 January, "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. ", "Nowadays, features are everything and the trading platform Bitcoin Profit contains significant features that help to distinguish itself from other trading platforms. "
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, "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.", "Ever since the market shot through all-time highs in early January, Bitcoin has been beset by volatility and skepticism that the run-up has been excessive."
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, "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’.", "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."
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."