Bitcoin Cash USD is currently on bearish momentum. At 09:03 EST on Tuesday, 29 December, Bitcoin Cash USD is at $349.36 and down by 7.06% in the last 24 hours.
Bitcoin Cash USD Range
Over the last six hours, Bitcoin Cash USD’s higher value was $350.97 and the lower value was $347.35.
Over the last twelve hours, Bitcoin Cash USD’s higher value was $353.76 and the lower value was $340.60.
Concerning Bitcoin Cash USD’s daily highs and lows, it’s 2.572% up from its trailing 24-hour low of $340.60 and 6.596% down from its trailing 24-hour high of $374.03.
Regarding Bitcoin Cash USD’s yearly highs and lows, it’s 150.941% up from its 52-week low and 29.14% down from its 52-week high.
Bitcoin Cash USD’s last day, last week, and last month’s average volatility was 7.07%, 1.94%, and 0.90%, respectively.
Bitcoin Cash USD’s last day, last week, and last month’s high and low average amplitude percentage was 11.19%, 11.63%, and 8.67%, respectively.
News about Bitcoin
Bitcoin miners in nordic region get a boost from cheap power. According to Bloomberg Quint on Sun Dec 27, ""There is a very important strategic shift away from mining in China to mining in western countries like Sweden as Bitcoin investors become more public and want more stability and critical safety," said Salter at Genesis. ", "Having coin flowing from the Nordic region helps reduce the political risk profile of Bitcoin."
Bitcoin faces regulatory scrutiny after record-breaking rally. According to Bloomberg Quint on Sun Dec 27, "Janet Yellen, who’s been nominated to serve as Treasury secretary in Biden’s administration, has in recent years cautioned investors over Bitcoin, saying it was a "highly speculative asset" and "not a stable store of value." A representative didn’t immediately return a request seeking comment.", "But with Bitcoin capturing greater attention, it could also garner further scrutiny from regulators, says Guy Hirsch, managing director for the U.S. at online-trading platform eToro. "
Bitcoin on longest winning run since 2019 after hitting record. According to Bloomberg Quint on Mon Dec 28, "Read more: Bitcoin Crushes Doubters as 224% Rally Proves It’s Here to Stay", "Others question Bitcoin’s validity as an investment and point to the digital currency’s history of wild rallies followed by crashes."
Bitcoin on longest winning run since 2019 after topping $28,000. According to Bloomberg Quint on Mon Dec 28, "Others question Bitcoin’s validity as an investment and point to the digital currency’s history of wild rallies followed by crashes.", "Edward Moya, senior market analyst at Oanda, says demand for Bitcoin is "relentless.""
Bitcoin mining stocks surge after the cryptocurrency passes $28,000 for the first time. According to Business Insider on Mon Dec 28, "Marathon’s gains come as the company announced its purchasing 70,000 bitcoin mining rigs called Antminers from Bitmain for $170 million. ", "Last week CleanSpark announced its adding 1,000 bitcoin miners to its mining fleet."
Bitcoin rally likely to peak out in coming weeks, says technical analyst. According to Business Insider on Tue Dec 29, "See Also: MicroStrategy Now Holds 70,470 Bitcoin After Spending $1.1B in 2020", "Grayscale Bitcoin Trust (OTC:GBTC) and Grayscale Ethereum Trust (OTC:ETHE) closed 11.33% and 4.32% higher at $30.45 and $16.90 on Monday, respectively."
Bitcoin looks to gain traction in payments. According to The Wall Street Journal on Tue Dec 29, "Bitcoin, introduced in 2008, was designed to operate as a form of electronic cash, allowing users to exchange value as quickly and cheaply as sending an email. ", "Many of the companies that tried accepting bitcoin in 2014 and 2015, including Expedia Group Inc. and Dell Inc., later quietly dropped it."