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Bitcoin Cash USD On Bullish Momentum: 6.62% Up In The Last 6 Hours

Via News Editorial Team

December 27, 2020

Bitcoin Cash USD On Bullish Momentum: 6.62% Up In The Last 6 Hours

Bitcoin Cash USD is currently on bullish momentum. At 11:10 EST on Sunday, 27 December, Bitcoin Cash USD is at $358.60 and up by 6.62% in the last 6 hours.

Bitcoin Cash USD Range

Over the last six hours, Bitcoin Cash USD's higher value was $358.60 and the lower value was $321.62.

Over the last twelve hours, Bitcoin Cash USD's higher value was $358.60 and the lower value was $321.62.

In relation to Bitcoin Cash USD's daily lows, it's 11.498% up from its trailing 24-hour low of $321.62

Concerning Bitcoin Cash USD's yearly highs and lows, it's 157.578% up from its 52-week low and 27.266% down from its 52-week high.

Volatility

Bitcoin Cash USD's last day and last week average volatility is a positive 1.41% and a positive 7.61%, respectively. Bitcoin Cash USD's high and low amplitude percentage in the last week was 10.93%.

News about Bitcoin

 michael saylor, the CEO who turned a software company into a Bitcoin company. According to Bloomberg Quint on Thu Dec 24, "Then, as Bitcoin ran up, it bought more, and the stock has now soared thanks to the bet. ", "We speak with MicroStrategy's CEO, Michael Saylor, on why he thinks Bitcoin is the best reserve asset for any company."

Bitcoin rally has already outlasted 2017 run. According to The Wall Street Journal on Thu Dec 24, "Bitcoin bulls say the money fueling this year's rally is coming from more reliable sources than past rallies. "

Bitcoin crushes doubters as 224% rally proves it’s here to stay. According to Bloomberg Quint on Thu Dec 24, "There has been no substantial progress made on Bitcoin as a unit of exchange. ", "Like Monty Python's Black Knight, Bitcoin believers treat near-fatal volatility as mere flesh wounds. "

Luxxfolio to acquire 590 Bitcoin miners. According to Business Insider on Thu Dec 24,

Bitcoin surges to fresh record high and looks set to break the $25,000 level: 'merry bitmas'. According to Business Insider on Fri Dec 25, "Bitcoin is soaring once again, hitting a new record price of $24,661 on Friday, with investors declaring "Happy Bitmas," on social media.", "Bitcoin's market cap could reach $1 trillion sometime in 2021, according to Garrick Hileman, head of research at Blockchain.com, if investors take its reserve currency status more seriously."

Bitcoin miners in nordic region get a boost from cheap power. According to Bloomberg Quint on Sun Dec 27, "The resulting glut in the most important raw material for making the virtual coins coincided with a year when the price of Bitcoin tripled.", ""There is a very important strategic shift away from mining in China to mining in western countries like Sweden as Bitcoin investors become more public and want more stability and critical safety," said Salter at Genesis. "

Bitcoin faces regulatory scrutiny after record-breaking rally. According to Bloomberg Quint on Sun Dec 27, "Clayton's exit from the regulator is welcome news for crypto fans who saw him take a hard line over the years, suing to halt initial coin offerings, rejecting applications for Bitcoin exchange-traded funds and launching a last-minute lawsuit against Ripple Labs Inc. Gensler, who served as a Commodity Futures Trading Commission chairman during the Obama administration, is a senior advisor to the MIT Media Lab Digital Currency Initiative and teaches about blockchain technology and digital currencies.", ""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. "