Bitcoin Cash USD is currently on bullish momentum. At 02:08 EST on Tuesday, 19 January, Bitcoin Cash USD is at $520.29 and up by 6.37% in the last 12 hours.
Bitcoin Cash USD Range
Over the last six hours, Bitcoin Cash USD’s higher value was $522.01 and the lower value was $513.88.
Over the last twelve hours, Bitcoin Cash USD’s higher value was $522.01 and the lower value was $489.13.
Regarding Bitcoin Cash USD’s daily highs and lows, it’s 8.514% up from its trailing 24-hour low of $479.47 and 0.329% down from its trailing 24-hour high of $522.01.
About Bitcoin Cash USD’s yearly highs and lows, it’s 273.718% up from its 52-week low and 17.388% down from its 52-week high.
Bitcoin Cash USD’s last day, last week, and last month’s average volatility was 6.61%, 0.95%, and 2.82%, respectively.
Bitcoin Cash USD’s last day, last week, and last month’s high and low average amplitude percentage was 9.16%, 11.38%, and 14.09%, respectively.
News about Bitcoin
Bitcoin retreats from $40,000 level strategists view as key. According to Bloomberg Quint on Monday, 18 January, "The JPMorgan strategists said Bitcoin was in a similar position in late November, except with $20,000 as the test. ", "The flow into the Grayscale Bitcoin Trust would likely need to sustain its $100 million per day pace over the coming days and weeks for such a breakout to occur," the strategists wrote in a note on Friday."
A record $3.7 billion in Bitcoin options are set to expire on January 29 as interest in cryptocurrencies surges. According to Business Insider on Monday, 18 January, "Germany’s BTCetc Bitcoin Exchange Traded Crypto has seen trading volumes of more than €50 million ($60 million) per day on average so far this year according to Deutsche Boerse. ", "Analysts at JPMorgan last week said Bitcoin may need to break past $40,000 mark again in the near future if the price is to rise further. "
Coinshares is starting an exchange-traded Bitcoin product. According to Bloomberg Quint on Monday, 18 January, "It launched a regulated Bitcoin investment vehicle in 2015, when the coin traded around $400.", "CoinShares, a St. Helier, Jersey-based asset manager, is launching an exchange-traded Bitcoin product amid a fierce rally for the world’s largest digital currency."
JPMorgan sees Bitcoin crossing $40k again in coming weeks, if this key condition is met. According to Business Insider on Tuesday, 19 January, "Read Next: Bitcoin Rally Pause Gives DeFi, Smart Contract Cryptos The Time To Shine", "What Happened: If the institutional investors fail to take Bitcoin past the breakout mark, the subdued cryptocurrency rally could face a further setback, JPMorgan analysts are suggesting, as reported by Bloomberg."