Bitcoin Cash USD is currently on bullish momentum. At 10:11 EST on Wed 16 Dec, Bitcoin Cash USD is at $299.64 and up by 5.1% in the last 6 hours.
Bitcoin Cash USD Range
Over the last six hours, Bitcoin Cash USD’s higher value was $299.64 and the lower value was $285.11.
Over the last twelve hours, Bitcoin Cash USD’s higher value was $299.64 and the lower value was $285.11.
In relation to Bitcoin Cash USD’s daily lows, it’s 5.485% up from its trailing 24-hour low of $284.06
In relation to the Bitcoin Cash USD’s yearly highs and lows, it’s 115.228% up from its 52-week low and 39.225% 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, "”MassMutual’s Bitcoin purchases represent another milestone in the Bitcoin adoption by institutional investors,” the strategists said. ", "If pension funds and insurance companies in the U.S., euro area, U.K. and Japan allocate 1% of assets to Bitcoin, that would result in additional Bitcoin demand of $600 billion, the strategists said. "
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. ", "The largest have come from the region, with exchanges in North America getting net inflows of Bitcoin from other areas worldwide. "
Bitcoin surpasses $20,000 for first time amid dizzying rally. According to Bloomberg Quint on Wed Dec 16, "Bitcoin surpassed $20,000 for the first time, another milestone in what’s been an eye-popping rally for the controversial digital asset this year.", ""People tend to pile into momentum trades, so Bitcoin could have more upside from here," said Ed Campbell, portfolio manager and managing director at QMA."