Bitcoin Cash USD is currently on bearish momentum. At 12:07 EST on Tuesday, 29 December, Bitcoin Cash USD is at $335.11 and down by 9.6% in the last 24 hours.
Bitcoin Cash USD Range
Over the last six hours, Bitcoin Cash USD’s higher value was $349.36 and the lower value was $335.11.
Over the last twelve hours, Bitcoin Cash USD’s higher value was $350.97 and the lower value was $335.11.
Regarding Bitcoin Cash USD’s daily highs, it’s 8.761% down from its trailing 24-hour high of $367.29
Regarding Bitcoin Cash USD’s yearly highs and lows, it’s 140.705% up from its 52-week low and 32.031% 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 Sunday, 27 December, ""It is one of the biggest developments in Bitcoin mining to look out for."", ""We have seen a notable up-tick in investor appetite for Bitcoin mining opportunities in Norway," said Tyler Page, a business developer at Bitfury. "
Bitcoin faces regulatory scrutiny after record-breaking rally. According to Bloomberg Quint on Sunday, 27 December, "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. ", "But for Bitcoin, 2020 has been a marvelous time."
Bitcoin on longest winning run since 2019 after hitting record. According to Bloomberg Quint on Monday, 28 December, "Bitcoin has divided opinion as its price more than tripled in 2020 amid a worsening pandemic. ", "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 Monday, 28 December, "Bitcoin climbed as much as 3.6% on Monday and was trading at about $27,260 as of 9:25 a.m. in New York. ", "Read more: Bitcoin Crushes Doubters as 224% Rally Proves It’s Here to Stay"
Bitcoin mining stocks surge after the cryptocurrency passes $28,000 for the first time. According to Business Insider on Monday, 28 December, "Last week CleanSpark announced its adding 1,000 bitcoin miners to its mining fleet.", "Shares of bitcoin mining companies Riot Blockchain and Marathon Patent Group soared on Monday morning following bitcoin’s record holiday weekend rally. "
Bitcoin rally likely to peak out in coming weeks, says technical analyst. According to Business Insider on Tuesday, 29 December, "At press-time Bitcoin traded 1.26% lower at $26,845.73 and Ethereum traded 1.06% higher at $715.97.", "Basing his analysis on another chart, which uses three disparate Bitcoin cycles, Newton said, "All those years where we had a stellar Q4 we reversed course in trend back in late December, early January, and actually went lower.""
Bitcoin looks to gain traction in payments. According to The Wall Street Journal on Tuesday, 29 December, "Despite those inroads, industry watchers say bitcoin must gain traction as a form of payment to become more ubiquitous. ", "Many of the companies that tried accepting bitcoin in 2014 and 2015, including Expedia Group Inc. and Dell Inc., later quietly dropped it."