Bitcoin Cash USD is currently on bullish momentum. At 17:09 EST on Wednesday, 13 January, Bitcoin Cash USD is at $493.86 and up by 8.97% in the last 24 hours.
Bitcoin Cash USD Range
Over the last six hours, Bitcoin Cash USD’s higher value was $493.86 and the lower value was $475.26.
Over the last twelve hours, Bitcoin Cash USD’s higher value was $493.86 and the lower value was $474.66.
About Bitcoin Cash USD’s daily lows, it’s 12.269% up from its trailing 24-hour low of $439.89
Regarding Bitcoin Cash USD’s yearly highs and lows, it’s 254.734% up from its 52-week low and 21.585% down from its 52-week high.
Bitcoin Cash USD’s last day, last week, and last month’s average volatility was a negative 6.51%, a positive 6.11%, and a positive 2.88%, respectively.
Bitcoin Cash USD’s last day, last week, and last month’s high and low average amplitude percentage was 14.46%, 21.20%, and 13.38%, respectively.
News about Bitcoin
Darknet drug dealers have been accused of hiding a Bitcoin stash that's now worth $16 million. they bought an old fishing boat and a squid permit to conceal their crime, say US attorneys.. According to Business Insider on Sunday, 10 January, "After the raid, authorities said they discovered that $600,000 in Bitcoin had been converted into cash, according to US attorneys.", "The 391.5873617 Bitcoin was worth about $16 million on Sunday morning, more than 10 times times what it was when it was discovered during a raid in the Ventura, California, in 2019. "
Two-day Bitcoin plunge shakes faith in cryptocurrency boom. According to Bloomberg Quint on Monday, 11 January, "Others worry that the rally is untethered from reason and fueled by vast swathes of fiscal and monetary stimulus, with Bitcoin unlikely to ever serve as a viable currency alternative.", "True believers in Bitcoin argue the difference this time is the asset has matured with the entry of institutional investors and is increasingly seen as a legitimate hedge against dollar weakness and inflation risk. "
JPMorgan strategists say U.S. ETF could sap Bitcoin price. According to Bloomberg Quint on Monday, 11 January, "A cascade of GBTC outflows and a collapse of its premium would likely have negative near-term implications for Bitcoin given the flow and signaling importance of GBTC," they said Friday.", "U.S. approval of a Bitcoin exchange-traded fund could weigh on the digital coin’s price in the short term, according to JPMorgan Chase & Co."
Bitcoin falls to a one-week low, as a stronger dollar and investor nerves strip off nearly $140 billion in total cryptocurrency market cap. According to Business Insider on Monday, 11 January, "The correlation between Bitcoin and the dollar index is at -0.95, meaning that the two are more likely to move inversely to one another than not. ", "Some of the anarchy froth supporting Bitcoin after anti-government types stormed Capitol Hill is receding a touch. "
Cryptocurrency investors could 'lose all their money', UK regulator warns as Bitcoin price drops from all-time high. According to Business Insider on Monday, 11 January, "The FCA also stressed that cryptocurrencies such as Bitcoin are largely unregulated. ", "They worry that amateur investors could be sucked in, only for currencies like Bitcoin to collapse in value, as they did in 2018."
Bitcoin and Tesla have gotten the fed's attention. According to Bloomberg Quint on Monday, 11 January, "The S&P 500 Index wobbled on Monday as yields climbed past 1.13% but remained relativelyresilient considering the sharp drop in Bitcoin and Tesla. ", "But on the way to reaching those goals, there’sa level of rampant speculation in asset prices that even the Fed will seek to stymie, whether in Bitcoin or Tesla, the ARK Innovation exchange-traded fundor special-purpose acquisition companies. "
On technical charts, Bitcoin really is an asset like no other. According to Bloomberg Quint on Monday, 11 January, "Chris Zaccarelli, chief investment officer at Independent Advisor Alliance, says there are good reasons for believing in Bitcoin but, to him, it’s a question of whether or not it constitutes a good place to allocate capital. ", "Up 38% this year through Friday, Bitcoin had its best start to a year since 2012, when it surged almost 60% over the first eight days. "
Bitcoin snaps slide while leaving everyone in dark on true worth. According to Bloomberg Quint on Tuesday, 12 January, "Pinpointing who is mainly responsible for the rally is one of the many crypto mysteries — Bitcoin funds, momentum chasers, billionaires, day traders, companies and even institutional investors have all been cited.", "The digital coin rose as much as 8% to about $36,600, but the move higher pales compared to the gyrations that took Bitcoin to an all-time high of nearly $42,000 on Jan. 8 before a precipitous slump over Sunday and Monday."
Bitcoin rebounds while leaving everyone in dark on true worth. According to Bloomberg Quint on Tuesday, 12 January, "We think a pull back is healthy," said David Grider, lead digital strategist with Fundstrat Global Advisors LLC, who added he doesn’t think the recent price action indicates that Bitcoin has already topped out.", "Pinpointing who is mainly responsible for the rally is one of the many crypto mysteries — Bitcoin funds, momentum chasers, billionaires, day traders, companies and even institutional investors have all been cited."
Bitcoin miner that’s risen 1,400% says more regulation is needed. According to Bloomberg Quint on Tuesday, 12 January, "Peter Wall, whose Argo Blockchain Plc is up 1,400% in the past year, said he sees Bitcoin "moving in one direction" as interest in the sector increases and institutional investors come on board. ", "More institutions and notable investors, from Paul Tudor Jones to Scott Minerd and Stan Druckenmiller, have either started allocating funds to Bitcoin or have said they’re open to doing so."
Bitcoin historian elias ahonen publishes 2nd book, a 500-page 'history of cryptocurrency'. According to Business Insider on Tuesday, 12 January, "The cover artwork Bitcoin Angel is by acclaimed crypto artist Trevor Jones and symbolizes how many Bitcoin enthusiasts see the digital currency as a sort of saviour. ", "This led Ahonen to become a broker of million-dollar Bitcoin art and to launch a cryptocurrency consulting firm which placed him in the center of the hype. "
People have lost roughly $140 billion in Bitcoin because they forgot their passwords or got locked out of accounts, and would-be millionaires are struggling to access their wallets. According to Business Insider on Tuesday, 12 January, "Gabriel Abed is another Bitcoin owner who lost access to his Bitcoin wallet since 2011 when his laptop was reformatted, losing 800 Bitcoin that are now worth a total of $25 million, according to the Times.", "Around 20% of the existing 18.5 million Bitcoin – worth a total of $140 billion – are in stranded wallets, according to the cryptocurrency data firm Chainalysis, The New York Times reported on Tuesday."
Bitcoin extends tumble in further blow to volatile crypto boom. According to Bloomberg Quint on Wednesday, 13 January, "An alternative view is that fast money seeking rapid gains helped to propel the quadrupling in Bitcoin over the past year, leaving the rally exposed to the risk of such investors pulling out as momentum wanes.", "Taking some profits off the table after an asset — any asset, not only Bitcoin — doubles in value within three weeks is completely understandable," said Julius de Kempenaer, senior technical analyst at StockCharts."
New tech ipos to Bitcoin are on ajay srivastava’s 2021 investing list. According to Bloomberg Quint on Wednesday, 13 January, "Among a host of cryptocurrencies, he advised sticking with Bitcoin because of its wide supervision. "
Bitcoin will break wall street's heart. According to The Wall Street Journal on Wednesday, 13 January, "Grayscale’s flagship Bitcoin Trust had assets under management of $1.9 billion at the start of 2020, $4.7 billion by the end of September and $21.1 billion as of Tuesday."
Bitcoin, blackouts and smog are exacerbating iran’s virus woes. According to Bloomberg Quint on Wednesday, 13 January, "The outages have been compounded by the mining of Bitcoin and other cryptocurrencies, which uses banks of high-powered computers to verify the legitimacy of transactions and create units of digital coin, government officials have said.", "A spokesman for the country’s electricity industry apologized for the shutdowns on state TV and said power supplies to Bitcoin miners and industry have been strictly limited to meet domestic needs."
Bitcoin is unlike any other bubble we’ve seen so far. According to Bloomberg Quint on Wednesday, 13 January, "This very frequency makes the Bitcoin narrative somewhat atypical relative to the great bubbles of the past.", "Man Group, the world’s biggest publicly traded hedge fund firm, compares Bitcoin to Prometheus in Greek mythology, whose liver keeps growing back, every time a giant eagle pecked it out."
Bitcoin (btc) builds for the next big break, btc/usd levels. According to DailyFX on Wednesday, 13 January, "In this week’s technical forecast on Gold, I also included a chart of Bitcoin with a number of potential levels pointed out. ", "But - rarely do bullish trends translate in a linear fashion, and shortly after this week’s open Bitcoin began to pullback and, at one point, had retraced the bulk of last week’s breakout before finding some buyer support."