Bitcoin Cash USD is currently on bullish momentum. At 23:10 EST on Tuesday, 29 December, Bitcoin Cash USD is at $355.59 and up by 6.11% in the last 12 hours.
Bitcoin Cash USD Range
Over the last six hours, Bitcoin Cash USD’s higher value was $362.17 and the lower value was $347.46.
Over the last twelve hours, Bitcoin Cash USD’s higher value was $362.17 and the lower value was $335.11.
About Bitcoin Cash USD’s daily highs and lows, it’s 6.111% up from its trailing 24-hour low of $335.11 and 1.817% down from its trailing 24-hour high of $362.17.
Regarding Bitcoin Cash USD’s yearly highs and lows, it’s 155.416% up from its 52-week low and 27.877% down from its 52-week high.
Bitcoin Cash USD’s last day, last week, and last month’s average volatility was a negative 2.55%, a positive 1.15%, and a positive 0.72%, respectively.
Bitcoin Cash USD’s last day, last week, and last month’s high and low average amplitude percentage was 10.13%, 12.00%, and 8.82%, respectively.
News about Bitcoin
Bitcoin miners in nordic region get a boost from cheap power. According to Bloomberg Quint on Sunday, 27 December, "The current market dynamics give big miners alternatives to places where Bitcoin are usually created such as China, Kazakhstan and Canada.", "The resulting glut in the most important raw material for making the virtual coins coincided with a year when the price of Bitcoin tripled."
Bitcoin faces regulatory scrutiny after record-breaking rally. According to Bloomberg Quint on Sunday, 27 December, "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 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, "Others question Bitcoin’s validity as an investment and point to the digital currency’s history of wild rallies followed by crashes.", "Ayyar said investors are shifting to Bitcoin and other digital coins in the wake of the XRP development."
Bitcoin on longest winning run since 2019 after topping $28,000. According to Bloomberg Quint on Monday, 28 December, "Read more: Bitcoin Crushes Doubters as 224% Rally Proves It’s Here to Stay", "Bitcoin has divided opinion as its price more than tripled in 2020 amid a worsening pandemic. "
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.", "In recent days bitcoin mining companies have announced major purchases of new equipment."
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.", "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, "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."