Bitcoin Cash USD is currently on bullish momentum. At 17:04 EST on Tuesday, 29 December, Bitcoin Cash USD is at $349.07 and up by 4.17% in the last 6 hours.
Bitcoin Cash USD Range
Over the last six hours, Bitcoin Cash USD’s higher value was $349.07 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 and lows, it’s 4.166% up from its trailing 24-hour low of $335.11 and 3.596% down from its trailing 24-hour high of $362.09.
Concerning Bitcoin Cash USD’s yearly highs and lows, it’s 150.733% up from its 52-week low and 29.199% 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, ""This year’s energy prices were particularly low as Bitcoin prices have increased."", "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 Sunday, 27 December, ""What’s happening now — and it’s happening faster than anyone could ever imagine — is that Bitcoin is moving from a fringe esoteric asset to the mainstream," said Matt Hougan, chief investment officer of Bitwise Asset Management. ", "While none of those reasons for buying Bitcoin comport with its origins as an alternative to fiat currencies, they do point to a growing acceptance of crypto as an asset class of its own. "
Bitcoin on longest winning run since 2019 after hitting record. According to Bloomberg Quint on Monday, 28 December, "Bitcoin is on track for its longest monthly winning streak in more than a year after touching a record above $28,000 over the weekend.", "Bitcoin climbed as much as 3.6% on Monday and was trading at about $27,150 as of 1 p.m. in Tokyo. "
Bitcoin on longest winning run since 2019 after topping $28,000. According to Bloomberg Quint on Monday, 28 December, "Others question Bitcoin’s validity as an investment and point to the digital currency’s history of wild rallies followed by crashes.", "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, "Bitcoin(BTC) rally seems headed for abreather in early January, as per Newton Advisors President Mark Newton.", "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 Tuesday, 29 December, "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."