Bitcoin Cash USD is currently on bearish momentum. At 00:09 EST on Friday, 8 January, Bitcoin Cash USD is at $427.43 and down by 5.18% in the last 6 hours.
Bitcoin Cash USD Range
Over the last six hours, Bitcoin Cash USD’s higher value was $449.59 and the lower value was $415.25.
Over the last twelve hours, Bitcoin Cash USD’s higher value was $476.56 and the lower value was $415.25.
In relation to Bitcoin Cash USD’s daily highs and lows, it’s 2.933% up from its trailing 24-hour low of $415.25 and 10.309% down from its trailing 24-hour high of $476.56.
Concerning Bitcoin Cash USD’s yearly highs and lows, it’s 207.018% up from its 52-week low and 13.305% down from its 52-week high.
Bitcoin Cash USD’s last day, last week, and last month’s average volatility was a negative 1.09%, a positive 4.14%, and a positive 1.79%, respectively.
Bitcoin Cash USD’s last day, last week, and last month’s high and low average amplitude percentage was 11.55%, 12.41%, and 9.92%, respectively.
News about Bitcoin
JPMorgan sees $146,000-plus Bitcoin price as long-term target. According to Bloomberg Quint on Tuesday, 5 January, "This implies that the above-$146,000 theoretical Bitcoin price target should be considered as a long-term target, and thus an unsustainable price target for this year.", "More institutions and noted investors, from Paul Tudor Jones to Scott Minerd and Stan Druckenmiller, have either started allocating funds into Bitcoin or have said they’re open to doing so. "
According to CNBC on Tuesday, 5 January, "Many institutional investors are using investment vehicles like Grayscale’s Bitcoin Trust as a means of buying into bitcoin. ", "According to JPMorgan, more than $3 billion has flowed into the Grayscale Bitcoin Trust since mid-October while gold ETFs have bled $7 billion."
Coindesk buys tradeblock, joining rush for Bitcoin analytics. According to The Wall Street Journal on Tuesday, 5 January, "Its most notable product is a bitcoin price index called the XBX that is used as the reference rate, or benchmark price, for investment funds such as the Grayscale Bitcoin Trust ."
Bitcoin could soon be worth $146,000. here's how it would get there. According to MarketWatch on Tuesday, 5 January, "JPMorgan says that by one measure, bitcoincurrently consumes 3.4 times more risk capital than gold and over 5 times more, if comparing the Grayscale Bitcoin Trust versus the SPDR Gold Shares , the largest gold ETF by asset."
Gamblers could use Bitcoin at slot machines with new patent. According to Bloomberg Quint on Tuesday, 5 January, "That means players could move Bitcoin into their virtual wallets on a slot machine using their phones.", "While Bitcoin isn’t widely used in transactions, some users have been known to buy expensive cars, houses and boats with the cryptocurrency. "
Scaramucci sees massive gains for Bitcoin in comparison to gold. According to Bloomberg Quint on Tuesday, 5 January, "Scaramucci says Bitcoin may be volatile but he compared owning it to buying shares of Amazon.com Inc. when the company went public more than two decades ago. ", "The environment became more compelling, it was easier to store, better regulation — we are a very big believer that Bitcoin is effectively going to become digital gold."
According to Business Insider on Tuesday, 5 January, "While a few options exist, like the aforementioned Grayscale Bitcoin Trust, bitcoin ETFs remain scarce: In the US, the SEC has refused (as of early 2021) to allow them, due to the difficulty of accurately assessing the currency’s value and liquidity."
Bitcoin tops $35,000 to set another record as wild swings resume. According to Bloomberg Quint on Wednesday, 6 January, "More institutions and noted investors, from Paul Tudor Jones to Scott Minerd and Stan Druckenmiller, have either started allocating funds into Bitcoin or have said they’re open to doing so."
Bitcoin – the surge, the outlook, and the beneficiaries. According to FX Empire on Wednesday, 6 January, "So, we may not see public and private companies purchase Bitcoin in the numbers seen to-date.", "Finally, looking at the Bitcoin ETFs, Grayscale Bitcoin Trust reportedly holds 572,644 BTC. "
Fintech startups like revolut and luno are seeing a boom in demand from consumers rushing to invest in cryptocurrencies amid major Bitcoin interest. According to Business Insider on Wednesday, 6 January, "Revolut says the average age of a user buying cryptocurrencies on its platform is 33, while eToro says Bitcoin owners are 35 on average, and Ethereum buyers are 33."
Bill miller says corporate cash could fuel a Bitcoin ‘torrent’. According to Bloomberg Quint on Wednesday, 6 January, "He has been a fan of Bitcoin since 2014, saying back then that he owned the coin through his personal investments.", "Miller joins a growing but still small chorus of names suggesting Bitcoin could be a part of corporate treasuries, something a handful of companies have already taken up. "
Veteran investor bill miller flips warren buffett's Bitcoin snub to argue crypto beats cash. According to Business Insider on Wednesday, 6 January, "The Miller Value Partners boss and former Legg Mason investment chief pointed out that Bitcoin has outperformed all major asset classes in recent years. ", "If more companies swap cash for crypto, "the current relative trickle into Bitcoin would become a torrent," he added."
Jump in active Bitcoin accounts nears high set before 2018 crash. According to Bloomberg Quint on Wednesday, 6 January, "Less than 2% of accounts control 95% of all available Bitcoin supply, according to Flipside.", "With Bitcoin surging again to all-time highs, many of these anonymous accounts look to be waking up."
Crypto market value tops $1 trillion as Bitcoin breaches $37,000. According to Bloomberg Quint on Thursday, 7 January, "The total market value of cryptocurrencies surpassed $1 trillion for the first time Thursday amid a frenzied and volatile rally in Bitcoin to yet another record.", "Active Bitcoin accounts are nearing their all-time high levels of late 2017, according to researcher Flipside Crypto — possibly a sign that some holders are planning to sell. "
Bitcoin rally draws first-time buyers in India but also fraudsters. According to Bloomberg Quint on Thursday, 7 January, "Globally too, calls from large investment houses has given credence to the view that Bitcoin may be seen as an alternative to gold. ", "A crowding out of gold as an ‘alternative’ currency implies big upside for Bitcoin over the long term," the investment bank said in its latest report."
Equos launches Bitcoin perpetual futures contracts. According to Business Insider on Thursday, 7 January, "EQUOS, the cryptocurrency exchange of Diginex Limited (Nasdaq: EQOS), the digital assets financial services company, announced today that it has launched its Bitcoin (BTC) Perpetual Futures Contract (BTC/USDC(F))."
Broker touts exotic Bitcoin bet to squeeze income from crypto. According to Bloomberg Quint on Thursday, 7 January, "The reason to own Bitcoin is because things like this can always go up a lot more than they can go down," QVR’s Eifert said. ", "Last year, the Chicago Mercantile Exchange started offering options contracts on Bitcoin futures."
Day-trader heaven arrives as Tesla, Bitcoin and stock options surge. According to Bloomberg Quint on Thursday, 7 January, "It was another day of euphoria for Bitcoin boosters and the options-slinger set as virtually all their favorite things launched skyward.", "Crypto enthusiasts, many of whom feel validated that the coin has reached these levels after years of ups and downs, celebrated on Twitter, posting pictures of fireworks and rocket-ship emojis alongside Bitcoin price charts that depict the surge."
Grayscale holds over 3% of Bitcoin, sees pension-fund interest. According to Bloomberg Quint on Thursday, 7 January, "The Bitcoin trust has seen the majority of the inflows amid a rally that pushed Bitcoin to $40,000 on Thursday for the first time.", "Grayscale Bitcoin Trust’s success may potentially be impacting Bitcoin’s supply, Sonnenshein said."