Bitcoin Cash USD is currently on bullish momentum. At 20:09 EST on Wed 16 Dec, Bitcoin Cash USD is at $313.87 and up by 4.34% in the last 6 hours.
Bitcoin Cash USD Range
Over the last six hours, Bitcoin Cash USD’s higher value was $313.87 and the lower value was $300.81.
Over the last twelve hours, Bitcoin Cash USD’s higher value was $313.87 and the lower value was $297.14.
In relation to Bitcoin Cash USD’s daily lows, it’s 10.494% up from its trailing 24-hour low of $284.06
In relation to the Bitcoin Cash USD’s yearly highs and lows, it’s 125.449% up from its 52-week low and 36.339% down from its 52-week high.
News about Bitcoin
What is Bitcoin worth? little consensus in fragmented market. According to The Wall Street Journal on Sun Dec 13, "Bitcoin enthusiasts agree the digital currency hit a record recently. ", "Bitcoin and hundreds of other cryptocurrencies trade on independent exchanges around the world. "
JPMorgan says massmutual’s Bitcoin foray signals widening demand. According to Bloomberg Quint on Mon Dec 14, "At the same time, traditional investors like insurers and pension portfolios face regulatory hurdles relating to risk levels and liability mismatches, likely limiting how much they can put into Bitcoin, the JPMorgan strategists wrote.", "A recent investment in Bitcoin by Massachusetts Mutual Life Insurance Co. highlights the potential for additional institutional demand for the cryptocurrency in coming years, according to JPMorgan Chase & Co."
Fund managers see Bitcoin trade crowded as institutions jump in. According to Bloomberg Quint on Tue Dec 15, "About 15% of fund managers, with $534 billion under management, surveyed by Bank of America Corp. said Bitcoin is the third-most crowded trade behind being long technology shares and shorting the U.S. dollar. ", "Bitcoin’s dizzying rally in 2020 has captivated the professional investing class."
Bitcoin surpasses $20,000 for first time amid dizzying rally. According to Bloomberg Quint on Wed Dec 16, "This "is the start of a new chapter for Bitcoin. ", "Bitcoin’s cross above $20,000 is its second major milestone in recent weeks — the coin at the end of November reached a new high three years after setting a prior peak. "
Canada’s CI financial completes $72 million IPO of Bitcoin fund. According to Bloomberg Quint on Wed Dec 16, "The New York-based firm will also execute all Bitcoin trading on behalf of the fund. ", "The CI Galaxy Bitcoin Fund’s shares will start trading in U.S. and Canadian dollars on the Toronto Stock Exchange."
Bitcoin whale surfaces with $1 billion and alan howard’s backing. According to Bloomberg Quint on Wed Dec 16, "While gold also stands to appreciate in a world of debased currencies and inflationary fears, Peters thinks Bitcoin and Ether prices can far outpace that rise.", "Peters was wary of triggering a spike in the prices of Bitcoin or Ether. "
Bitcoin tops $20,000 for first time. According to The Wall Street Journal on Wed Dec 16, "Bitcoin surged above $20,000 on Wednesday for the first time in its 11-year history, part of a furious rally that has seen the digital currency double since September."
Bitcoin price surges to fresh record above $20,000. According to MarketWatch on Wed Dec 16, "Bitcoin prices were trading at $20,339 according to CoinDesk data, up nearly 5% on the session, with gains for the digital asset supported by a flood of institutional investor attention on cryptos like bitcoin and other virtual currencies."
All aboard the billionaires’ Bitcoin bandwagon?. According to Bloomberg Quint on Wed Dec 16, "Even as payments companies like PayPal Holdings Inc. or Square Inc. strive to bring Bitcoin trading to the masses, very few merchants directly touch the stuff. ", "Now that Bitcoin has topped $20,000 for the first time, should you shift your hard-earned cash into digital currencies? "
Crypto observers debate what’s next after Bitcoin hits record. According to Bloomberg Quint on Wed Dec 16, "Weisberger: If increasing numbers of asset owners (pension funds, insurance companies, wealth managers, etc.) start to believe in that narrative, then there simply isn’t enough Bitcoin float to absorb those buyers without significant price appreciation. ", "If central banks tighten monetary policy and/or governments take action to reduce deficits, the attractiveness of Bitcoin as an inflation hedge and source of scarce yield could decline rapidly."
Guggenheim’s scott minerd says Bitcoin should be worth $400,000. According to Bloomberg Quint on Wed Dec 16, "Last month, the firm filed to reserve the right to invest as much as 10% of its $5.3 billion Macro Opportunities Fund in the Grayscale Bitcoin Trust, which invests solely in Bitcoin.", "As Bitcoin surges to record highs, Scott Minerd of Guggenheim Investments believes the world’s largest cryptocurrency’s fair value still has a ways to go."