Bitcoin Cash 4 Hour Price Update

Updated August 11, 2020 11:18 AM GMT (07:18 AM EST)

The back and forth price flow continues for Bitcoin Cash, which started the current 4 hour candle off at 297.85 US dollars, up 0.24% ($0.71) from the last 4 hour candle. On a relative basis, the last 4 hour candle were pretty good: Bitcoin Cash bested all 5 of the assets in the Top Cryptos class

The back and forth price flow continues for Bitcoin Cash, which started today off at 302.39 US dollars, up 0.8% ($2.39) from the previous day. The change in price came along side change in volume that was up 11.78% from previous day, but down 30.68% from the Monday of last week. On a relative basis, Bitcoin Cash was the worst performer out of all 5 of the assets in the Top Cryptos asset class during the previous day. Below is a daily price chart of Bitcoin Cash.

Volatility for Bitcoin Cash has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For another vantage point, consider that Bitcoin Cashs price has gone up 16 of the previous 30 trading days.

Over on Twitter, here were the top tweets about Bitcoin Cash:

@PeterMcCormack I think youre missing the value that Bitcoin Cash (fork of Bitcoin), Horizen (fork of ZClassic, which is a fork of ZCash), Stellar (fork of XRP), and ETC (fork of Ethereum) bring to institutional investors.

@Grayscale I cant believe you spent that much money, didnt say Bitcoin, and actually listed Bitcoin Cash and Ethereum Classic (which is currently under centralized attack) in this ad. I was hyped for this and I must say it was a disappointment.

2/ If you decide to not use it, dont forget ABC provided the main Bitcoin Cash node, based on voluntary work, for years. So, be respectful, and just use another client from now on.

As for a news story related to Bitcoin Cash getting some buzz:

To Our Customers, Regarding the Bitcoin Cash Network Upgrade in November

With this in mind, Bitcoin.com will continue to fund ad hoc Bitcoin Cash network development as we have done in the past, and at increasing levels commensurate with the growth of our company. We additionally desire to join free associations of developers as a financial supporter of and corporate participant in development and we will continue to encourage other businesses in our industry to do the same. Thus in our view, the ideal outcome this November would be for all competing Bitcoin Cash software implementations to jointly agree to not implement the IFP feature at this time and instead come together to form such a free association so that we may also join and contribute. Personally, I am willing and able to assist in any way I can in such an endeavor and I will continue to reiterate our vision for peer-to-peer electronic cash and our position in this matter at each and every opportunity I have with any network participant especially our customers and users of Bitcoin Cash.Thats up to Amaury, but as things stand if ABC has a minority of the hash rate backing them, they will fork away from BCH.Unless ABC change their consensus rules to remove the IFP code, theyll remain forked from BCH indefinitely, and if Amaury stays with ABC at that point and doesnt contribute to other BCH projects, then he will leave BCH.We will work with the various Bitcoin Cash node implementations to include code to implement verification of this miner funding as part of the May 2020 protocol upgrade.Go BCH!bch is the only way if you dont understand.

See the article here:

Bitcoin Cash (BCH) Up $0.71 Over Past 4 Hours, Started Today Up 0.8%; in an Uptrend Over Past 30 Days - CFDTrading