Bitcoin Cash USD is currently on bullish momentum. At 06:14 EST on Friday, 8 January, Bitcoin Cash USD is at $447.30 and up by 6.67% in the last 6 hours.
Bitcoin Cash USD Range
Over the last six hours, Bitcoin Cash USD’s higher value was $447.30 and the lower value was $419.34.
Over the last twelve hours, Bitcoin Cash USD’s higher value was $449.59 and the lower value was $415.25.
Concerning Bitcoin Cash USD’s daily highs and lows, it’s 7.718% up from its trailing 24-hour low of $415.25 and 6.14% down from its trailing 24-hour high of $476.56.
Concerning Bitcoin Cash USD’s yearly highs and lows, it’s 221.29% up from its 52-week low and 9.275% down from its 52-week high.
Bitcoin Cash USD’s last day, last week, and last month’s average volatility was a negative 1.09%, a positive 4.14%, and a positive 1.79%, respectively.
Bitcoin Cash USD’s last day, last week, and last month’s high and low average amplitude percentage was 11.55%, 12.41%, and 9.92%, respectively.
News about Bitcoin
JPMorgan sees $146,000-plus Bitcoin price as long-term target. According to Bloomberg Quint on Tuesday, 5 January, "While we cannot exclude the possibility that the current speculative mania will propagate further pushing the Bitcoin price up toward the consensus region of between $50,000-$100,000, we believe that such price levels would prove unsustainable.", "But that outlook depends on the volatility of Bitcoin converging with that of gold to encourage more institutional investment, a process that will take some time, they said."
According to CNBC on Tuesday, 5 January, "Many institutional investors are using investment vehicles like Grayscale’s Bitcoin Trust as a means of buying into bitcoin. ", "According to JPMorgan, more than $3 billion has flowed into the Grayscale Bitcoin Trust since mid-October while gold ETFs have bled $7 billion."
Coindesk buys tradeblock, joining rush for Bitcoin analytics. According to The Wall Street Journal on Tuesday, 5 January, "Its most notable product is a bitcoin price index called the XBX that is used as the reference rate, or benchmark price, for investment funds such as the Grayscale Bitcoin Trust ."
Bitcoin could soon be worth $146,000. here's how it would get there. According to MarketWatch on Tuesday, 5 January, "JPMorgan says that by one measure, bitcoincurrently consumes 3.4 times more risk capital than gold and over 5 times more, if comparing the Grayscale Bitcoin Trust versus the SPDR Gold Shares , the largest gold ETF by asset."
Gamblers could use Bitcoin at slot machines with new patent. According to Bloomberg Quint on Tuesday, 5 January, "That means players could move Bitcoin into their virtual wallets on a slot machine using their phones.", "While Bitcoin isn’t widely used in transactions, some users have been known to buy expensive cars, houses and boats with the cryptocurrency. "
Scaramucci sees massive gains for Bitcoin in comparison to gold. According to Bloomberg Quint on Tuesday, 5 January, "Strategists at JPMorgan Chase & Co. made a similar projection this week, arguing that Bitcoin has the potential to reach $146,000 in the long term as it competes with gold as an asset class.", "Investors have raced for exposure to Bitcoin amid a red-hot advance that saw it gain more than 300% in 2020. "
According to Business Insider on Tuesday, 5 January, "While a few options exist, like the aforementioned Grayscale Bitcoin Trust, bitcoin ETFs remain scarce: In the US, the SEC has refused (as of early 2021) to allow them, due to the difficulty of accurately assessing the currency’s value and liquidity."
Bitcoin tops $35,000 to set another record as wild swings resume. According to Bloomberg Quint on Wednesday, 6 January, "More institutions and noted investors, from Paul Tudor Jones to Scott Minerd and Stan Druckenmiller, have either started allocating funds into Bitcoin or have said they’re open to doing so."
Bitcoin – the surge, the outlook, and the beneficiaries. According to FX Empire on Wednesday, 6 January, "A Bitcoin jump to $100,000 in 2021 would give Grayscale and its investors $57.3bn in Bitcoin investment income.", "Existing holders will also benefit from a significantly lower risk of being Bitcoin holders."
Fintech startups like revolut and luno are seeing a boom in demand from consumers rushing to invest in cryptocurrencies amid major Bitcoin interest. According to Business Insider on Wednesday, 6 January, "Revolut says the average age of a user buying cryptocurrencies on its platform is 33, while eToro says Bitcoin owners are 35 on average, and Ethereum buyers are 33."
Bill miller says corporate cash could fuel a Bitcoin ‘torrent’. According to Bloomberg Quint on Wednesday, 6 January, "The statement of support for Bitcoin is not the first by Miller, who is best known for his value stock picks at Legg Mason Inc., where he outperformed the S&P 500 for 15 years through 2005. ", "The price of Bitcoin hit a record high on Wednesday, crossing above $35,000 for the first time. "
Veteran investor bill miller flips warren buffett's Bitcoin snub to argue crypto beats cash. According to Business Insider on Wednesday, 6 January, "The pressure on the greenback has spurred the likes of Square and MicroStrategy to shift some of their cash into Bitcoin to lessen the impact of depreciation, he said.", "If more companies swap cash for crypto, "the current relative trickle into Bitcoin would become a torrent," he added."
Jump in active Bitcoin accounts nears high set before 2018 crash. According to Bloomberg Quint on Wednesday, 6 January, "With Bitcoin surging again to all-time highs, many of these anonymous accounts look to be waking up.", "About 82% of all Bitcoin supply was held in accounts that have been active in the last six months as of Jan. 4, according to researcher Flipside Crypto. "
Crypto market value tops $1 trillion as Bitcoin breaches $37,000. According to Bloomberg Quint on Thursday, 7 January, "Fewer than 2% of accounts hold 95% of Bitcoin supply, so a few big trades can impact prices. ", "The total market value of cryptocurrencies surpassed $1 trillion for the first time Thursday amid a frenzied and volatile rally in Bitcoin to yet another record."
Bitcoin rally draws first-time buyers in India but also fraudsters. According to Bloomberg Quint on Thursday, 7 January, "Globally too, calls from large investment houses has given credence to the view that Bitcoin may be seen as an alternative to gold. ", "A crowding out of gold as an ‘alternative’ currency implies big upside for Bitcoin over the long term," the investment bank said in its latest report."
Equos launches Bitcoin perpetual futures contracts. According to Business Insider on Thursday, 7 January, "EQUOS, the cryptocurrency exchange of Diginex Limited (Nasdaq: EQOS), the digital assets financial services company, announced today that it has launched its Bitcoin (BTC) Perpetual Futures Contract (BTC/USDC(F))."
Broker touts exotic Bitcoin bet to squeeze income from crypto. According to Bloomberg Quint on Thursday, 7 January, "The reason to own Bitcoin is because things like this can always go up a lot more than they can go down," QVR’s Eifert said. ", "Last year, the Chicago Mercantile Exchange started offering options contracts on Bitcoin futures."
Day-trader heaven arrives as Tesla, Bitcoin and stock options surge. According to Bloomberg Quint on Thursday, 7 January, "The poster child for market exuberance — Bitcoin — has doubled in value in less than a month, with its advance swelling the total market value of cryptocurrencies beyond $1 trillion. ", "It was another day of euphoria for Bitcoin boosters and the options-slinger set as virtually all their favorite things launched skyward."
Grayscale holds over 3% of Bitcoin, sees pension-fund interest. According to Bloomberg Quint on Thursday, 7 January, "So there is definitely an argument to be made about Grayscale and really any other vehicle that may be removing Bitcoin from circulation and putting it into a financial product inherently increasing the scarcity of an already scarce asset," Sonnenshein said. ", "The Bitcoin trust has seen the majority of the inflows amid a rally that pushed Bitcoin to $40,000 on Thursday for the first time."
White-knuckle Bitcoin rally powers crypto’s best week since 2017. According to Bloomberg Quint on Friday, 8 January, "Cryptocurrencies are on course for their biggest weekly surge since the last bubble in Bitcoin peaked about three years ago, ahead of a spectacular crash.", "The potential for "upside of historic proportions" suggests investors should keep buying Bitcoin and Ether, according to Rich Ross, a technical strategist at Evercore ISI."