Bitcoin Cash USD is currently on bullish momentum. At 00:09 EST on Wednesday, 6 January, Bitcoin Cash USD is at $432.01 and up by 9.59% in the last 24 hours.
Bitcoin Cash USD Range
Over the last six hours, Bitcoin Cash USD’s higher value was $432.01 and the lower value was $415.68.
Over the last twelve hours, Bitcoin Cash USD’s higher value was $432.01 and the lower value was $413.83.
In relation to Bitcoin Cash USD’s daily lows, it’s 9.592% up from its trailing 24-hour low of $394.20
About Bitcoin Cash USD’s yearly highs and lows, it’s 210.307% up from its 52-week low and 12.377% down from its 52-week high.
Bitcoin Cash USD’s last day, last week, and last month’s average volatility was 2.90%, 2.69%, and 1.31%, respectively.
Bitcoin Cash USD’s last day, last week, and last month’s high and low average amplitude percentage was 8.27%, 11.20%, and 9.54%, respectively.
News about Bitcoin
BQ big decisions: Bitcoin is crying out for A place in your portfolio. beware of the risks. According to Bloomberg Quint on Sunday, 3 January, "On this BQ Big Decisions podcast, BloombergQuint speaks to author, angel investor and expert on Bitcoin Ajeet Khurana about what to keep in mind when deciding whether to invest in Bitcoin."
Ether follows Bitcoin to record high amid dizzying crypto rally. According to Bloomberg Quint on Monday, 4 January, "The digital currency Ether reached a record on Monday a day after Bitcoin breached $34,000 for the first time as the surge in cryptocurrencies continues.", "Proponents of Bitcoin argue that it’s muscling in on gold as a hedge against U.S. dollar weakness and inflation risk, citing evidence of growing interest among institutional investors. "
Bitcoin falls most since March as volatility grips trading. According to Bloomberg Quint on Monday, 4 January, "Still, Bitcoin is up more than 300% over the past year, driven by a speculative fever from retail and institutional investors on the belief that cryptocurrencies are emerging as a mainstream asset class and can act as a store of value.", "Believers in Bitcoin have pointed to the market’s supply constraints and supposedly rampant money printing by central banks as key drivers of bullish narrative. "
JPMorgan sees $146,000-plus Bitcoin price as long-term target. According to Bloomberg Quint on Tuesday, 5 January, "Bitcoin’s market capitalization of around $575 billion would have to rise by 4.6 times — for a theoretical Bitcoin price of $146,000 — to match the total private sector investment in gold via exchange-traded funds or bars and coins, strategists led by Nikolaos Panigirtzoglou wrote in a note. ", "A crowding out of gold as an ‘alternative’ currency implies big upside for Bitcoin over the long term," the strategists wrote Monday. "
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, "Investors have raced for exposure to Bitcoin amid a red-hot advance that saw it gain more than 300% in 2020. ", "Scaramucci says Bitcoin may be volatile but he compared owning it to buying shares of Amazon.com Inc. when the company went public more than two decades ago. "
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."