Bitcoin Cash USD On Bullish Momentum: 6.88% Up In The Last 6 Hours – Via News Agency

Bitcoin Cash USD is currently on bullish momentum. At 05:12 EST on Friday, 29 January, Bitcoin Cash USD is at $425.57 and up by 6.88% in the last 6 hours.

Over the last six hours, Bitcoin Cash USDs higher value was $425.57 and the lower value was $398.19.

Over the last twelve hours, Bitcoin Cash USDs higher value was $425.57 and the lower value was $398.19.

In relation to Bitcoin Cash USDs daily lows, its 9.065% up from its trailing 24-hour low of $390.20

Concerning Bitcoin Cash USDs yearly highs and lows, its 205.682% up from its 52-week low and 32.428% down from its 52-week high.

Bitcoin Cash USDs last day, last week, and last months average volatility was a positive 3.64%, a negative 1.07%, and a positive 1.54%, respectively.

Bitcoin Cash USDs last day, last week, and last months high and low average amplitude percentage was 6.86%, 8.60%, and 13.08%, respectively.

According to Business Insider on Tuesday, 26 January, "Of the two, the Roth version might have an edge, says Bogner, especially "if you are of the mindset that Bitcoin is going to explode" in price in the future. "

Bitcoin seen topping $50,000 long term as it vies with gold. According to Bloomberg Quint on Tuesday, 26 January, "Were talking about Bitcoin over the next three, five, 10 years slowly inching away at golds market capitalization," Vijay Ayyar, head of Asia Pacific with crypto exchange Luno in Singapore, said in an online question and answer session with Bloomberg Tuesday. ", "Predicting a price for Bitcoin is challenging but its likely to rise longer term as funds and family offices assign 0.5% or 1% of their portfolios to it, Long added."

Is Bitcoin mining worth the cost?. According to Bloomberg Quint on Tuesday, 26 January, "One Bitcoin transaction would generate the CO2 equivalent to 706,765 swipes of a Visa credit card, according to Digiconomists closely-followed index, albeit with none of the convenience of plastic. ", "Butits notable that the non-virtual side of Bitcoin buying -namely the energy consumption needed to mine and maintain it -gets far less attention. "

South Africa cracks down on Bitcoin after alleged ponzi scheme. According to Bloomberg Quint on Tuesday, 26 January, "South Africas finance-industry regulator wants more power to prosecute perpetrators of fraud and oversee dealing in cryptocurrencies after the collapse of a Bitcoin trader, alleged to be the countrys largest Ponzi scheme.", "MTI which in November claimed it had 260,000 members and 23,000 Bitcoin now worth about $740 million was placed in provisional liquidation last month after clients battled to withdraw funds. "

Skybridge's anthony scaramucci talks up new Bitcoin fund, crypto's 'exponential liftoff'. According to Business Insider on Wednesday, 27 January, "SkyBridge initiated a position, valued at about $310 million earlier this month, in funds investing in Bitcoin during November and December 2020.", "Its already happening," he said, citingBlackRock Inc.s adding Bitcoin futures as an eligible investment to two of its funds."

Cryptos young believers stoke a craze for Bitcoin penny stocks. According to Bloomberg Quint on Wednesday, 27 January, "And the fact that Bitcoin miners tend to be unprofitable or just barely in the black isnt much of a deterrent.", "Marathon Patent Group has computers in Montana and North Dakota, and recently announced it bought $150 million worth of Bitcoin for its Treasury reserves."

Bitcoin tumbles back below $30,000 as record momentum fades. According to Bloomberg Quint on Wednesday, 27 January, "Companies such as MicroStrategy Inc., Square Inc., and crypto miner Marathon Patent Group Inc. have all added some of their companys cash reserves into Bitcoin amid the rally."

Bitcoin might break down altogether, BIS head carstens warns. According to Bloomberg Quint on Wednesday, 27 January, "Investors must be cognizant that Bitcoin may well break down altogether," because the system becomes vulnerable to majority attacks as it gets close to its maximum supply of 21 million coins, BIS General Manager Agustin Carstens said in a speech for the Hoover Institution on Wednesday."

Microstrategy bond buyers rewarded with win-tie Bitcoin play. According to Bloomberg Quint on Thursday, 28 January, "So when the price of Bitcoin doubled, so did MicroStrategys shares, pushing the convertible deep into the money. ", "King estimates the value of the companys Bitcoin in the range of $800 million to $1.4 billion, assuming proceeds of the convertible offering were used to fund more buying. "

Ray dalio calls Bitcoin one hell of an invention, considers it for new funds. According to Bloomberg Quint on Thursday, 28 January, "Bridgewater Associates founder Ray Dalio said Bitcoin is "one hell of an invention" and hes considering cryptocurrencies as investments for new funds offering clients protection against the debasement of fiat money.", "While Bitcoin has the potential to make investors "very rich" as well as "disrupt the existing monetary system," there are risks. "

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Bitcoin Cash USD On Bullish Momentum: 6.88% Up In The Last 6 Hours - Via News Agency

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