Bitcoin Cash Market Update: BCH fork is inevitable as Bitcoin ABC team separates from the project

In recent weeks the tensions in the Bitcoin Cash have been escalating rapidly as Bitcoin ABC development team adopted Jonathan Toomims ASERT Difficulty Adjustment Algorithm (DAA), and integrated Infrastructure Funding Plan (IFP), which was opposed by many community members. Read more ...

TRON's TRX is gaining ground rapidly. The coin hit the intraday high at $0.0373 At the time of writing, XRP/USD is changing hands at $0.0363, which is over 20% higher from this time on Monday, September 1. TRON is now the 13th largest digital asset with the current market capitalization of $2.59 billion and an average daily trading volume of $2.85 billion, which is 300% higher from the levels registered at the end of August.Read more ...

Ethereum (ETH) hit the multi-year high at $488 on September 1 and retreated to $461 by press time. The second-largest digital asset has lost over 1.2% since the start of the day. However, it is still in a green zone if compared to this time on Monday. ETH/USD has been moving in sync with the market, which has started a downside correction after a sharp rally of recent days. Ethereum happens to be one of the main beneficiaries of the rally with over 22% of gains on a week-on-week basis.Read more ...

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Cryptocurrencies Price Prediction: Bitcoin Cash, Tron and Ethereum European Wrap 2 September - FXStreet

Bitcoin, BTC to USD, rose by 2.07% on Sunday. Reversing a 0.46% decline Saturday, Bitcoin ended the week up by 0.57% to $11,730.0.

It was a bullish start to the day. Bitcoin rallied from an early morning intraday low $11,480.0 to a late afternoon high $11,721.0.

Bitcoin broke through the first major resistance level at $11,582 and the second major resistance level at $11,672.

Late in the day, Bitcoin fell back to $11,620 levels before breaking back through the second major resistance level at $11,672.

The late recovery saw Bitcoin strike an intraday high $11,730 in the final hour.

The near-term bullish trend remained intact, supported by the latest move through to $12,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

Across the rest of the majors, it was a bullish day for the majors on Sunday.

Ethereum (+7.62%), Litecoin (+10.45%), and Trons TRX (+8.65%) led the way.

Binance Coin (+2.87%), Bitcoin Cash ABC (+3.25%), Bitcoin Cash SV (+3.32%), EOS (+4.20%), Moneros XMR (+3.86%), and Ripples XRP (+3.28%) also made solid gains.

Cardanos ADA (+0.96%), Stellars Lumen (+2.01%), and Tezos (+1.13%) trailed the front runners.

For the week, it was a mixed bag for the majors, however.

Binance Coin (+8.00%), Bitcoin Cash SV (+1.11%), Ethereum (+9.73%), Litecoin (+3.76%), Moneros XMR (+6.38%), and Trons TRX (+11.05%) joined Bitcoin in the green.

It was a bearish week for the rest of the majors.

Bitcoin Cash ABC (-1.78%), Cardanos ADA (-3.48%), EOS (-1.92%), Ripples XRP (-0.62%), Stellars Lumen (-4.55%), and Tezos (-3.75%) saw red.

In the week, the crypto total market fell to a Thursday low $329.40bn before rising to a Sunday high $359.74bn. At the time of writing, the total market cap stood at $357.31bn.

Bitcoins dominance rose to a Thursday high 62.28% before falling to a Sunday low 60.17%. At the time of writing, Bitcoins dominance stood at 60.54%.

At the time of writing, Bitcoin was up by 0.04% to $11,735.0. A mixed start to the day saw Bitcoin fall to an early morning low $11,713.0 before striking a high $11,744.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day.

Bitcoin Cash SV (-0.77%), EOS (-0.24%), and Ethereum (-0.71%) saw red early on.

It was a bullish start for the rest of the majors.

At the time of writing, Tezos was up by 0.73% to lead the way.

Bitcoin would need to avoid a fall through the $11,647 pivot level to support a run at the first major resistance level at $11,813.

Support from the broader market would be needed, however, for Bitcoin to break out from this mornings high $11,744.0.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of a crypto breakout, the second major resistance level at $11,897 and resistance at $12,000 would likely be tested.

A fall through the $11,647 pivot would bring the first major support level at $11,563 into play.

Barring an extended crypto sell-off, however, Bitcoin should avoid sub-$11,500 levels on the day. The second major support level sits at $11,397.

This article was originally posted on FX Empire

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The Crypto Daily Movers and Shakers August 31st, 2020 - Yahoo Finance

Chinas Center for Information and Industry Development has revised its rankings of 37 crypto projects. Bitcoin has fallen from the previous ranking.

As the Chinese government focuses on launching its central bank digital currency, the Center for Information and Industry Development (CCID), under Chinas Ministry of Industry and Information Technology, continues to evaluate and rank crypto projects.

The center released its 19th ranking update on Wednesday. The ranking and evaluation work is carried out every two months. A total of 37 crypto projects were evaluated and ranked overall as well as in three separate categories: basic technology, applicability, and creativity.

There have been some changes in the top positions of the overall ranking. While EOS remains the centers favorite, Tron dropped from the second spot to the fourth spot. Tron has been occupying the second spot for the past three updates in June, April, and February. The current ranking places Ethereum second, followed by IOST, and then Tron. Bitcoin dropped two places from the 12th position to the 14th while Bitcoin Cash rose from the 34th position to the 30th.

The center explained that the evaluation model has remained unchanged from the previous evaluation. The basic technology subindex accounts for 65% of the total score, the applicability or innovation subindex 20%, and the creativity subindex 15%.

The crypto project rankings are compiled by the CCID (Qingdao) Blockchain Research Institute, an entity established by the CCID. Several organizations help with the evaluation work, including the CCID think tank and the China Software Evaluation Center. The result of this assessment will allow the CCID group to provide better technical consulting services for government agencies, business enterprises, research institutes, and technology developers, the center previously explained.

As for Chinas digital currency backed by the Peoples Bank of China (PBOC), the Chinese Ministry of Commerce announced last week that its pilot run will be expanded to include Guangdong-Hong Kong-Macao Greater Bay Area, Beijing-Tianjin-Hebei region, and Yangtze River Delta region. Furthermore, the digital yuan will also be tested during the 2022 Winter Olympics games in Beijing and expanded to other regions as appropriate. Meanwhile, cryptocurrency data analytics firm Chainalysis reported that about $50 billion in cryptocurrency was moved out of China in the past 12 months as the Chinese economy suffered from trade wars and yuan devaluation.

What do you think about this crypto project ranking? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, CCID

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Bitcoin Slips in Latest Crypto Ranking by Chinese Government-Backed Center | News - Bitcoin News

Bitcoin, BTC to USD, fell by 0.46% on Saturday. Partially reversing a 1.78% gain from Friday, Bitcoin ended the day at $11,492.0.

It was a mixed start to the day. Bitcoin fell to an early morning low $11,483.0 before rising to a late morning intraday high $11,606.3.

Falling short of the first major resistance level at $11,640, Bitcoin slid to a late morning intraday low $11,450.0.

Steering clear of the first major support level at $11,376, Bitcoin moved back through to $11,500 levels.

A bearish end to the day, however, saw Bitcoin slip back to sub-$11,500 levels and into the red.

The near-term bullish trend remained intact, supported by the latest move through to $12,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

Across the rest of the majors, it was a mixed day for the majors on Saturday.

Binance Coin (-0.61%), Bitcoin Cash ABC (-0.47%), Bitcoin Cash SV (-0.78%), Litecoin (-0.71%), and Moneros XMR (-2.06%) joined Bitcoin in the red.

It was a bullish day for the rest of the majors, however.

Cardanos ADA rallied by 6.34% to lead the way.

EOS (+0.27%), Ethereum (+0.82%), Ripples XRP (+0.80%), Stellars Lumen (+0.59%), Tezos (+2.65%), and Trons TRX (+4.22%) also made gains on the day.

In the current week, the crypto total market rose to a Monday high $360.52bn before falling to a Tuesday low $329.92bn. At the time of writing, the total market cap stood at $351.97bn.

Bitcoins dominance rose to a Tuesday high 62.13% before falling to a Saturday low 60.69%. At the time of writing, Bitcoins dominance stood at 61.01%.

At the time of writing, Bitcoin was up by 1.36% to $11,648.0. A bullish start to the day saw Bitcoin rise from an early morning low $11,480.0 to a high $11,668.4.

Bitcoin broke through the first major resistance level at $11,582 early on.

Elsewhere, it was also a bullish start to the day.

At the time of writing, Trons TRX was up by 5.15% to lead the way.

Story continues

Bitcoin would need to avoid a fall back through to sub-$11,600 levels to support a run at the second major resistance level at $11,672.

Support from the broader market would be needed, however, for Bitcoin to break out from the morning high $11,668.4.

Barring an extended crypto rally, the second major resistance level would likely cap any upside.

In the event of a crypto breakout, Bitcoin could test resistance at $11,700 before any pullback. The third major resistance level sits at $11,829.

A fall back through to sub-$11,600 levels and the $11,516 pivot would bring the first major support level at $11,426 into play.

Barring an extended crypto sell-off, however, Bitcoin should avoid sub-$11,400 levels on the day. The second major support level sits at $11,360.

This article was originally posted on FX Empire

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The Crypto Daily Movers and Shakers August 30th, 2020 - Yahoo Finance

Canaan Creative, the Chinese maker of bitcoin mining hardware, reported a net loss of $2.4 million during the second quarter of 2020, down from $5.6 million in the previous quarter. It is the second consecutive quarter of narrowing losses for the firm, hit hard by falling demand amid the Covid-19-induced global recession.

For the three months to June 30, revenue soared 160% to $25.2 million from $9.6 million the quarter before, driven by a near 200% increase in total computing power sold.

According to Canaans earnings release of August 31, the Beijing-based company sold 2.6 million terahash per second (TH/s) of Bitcoin hashpower, up from 0.9 million TH/s during the first quarter. Year-over-year, total computing power sold declined 18% from 3.2 million TH/s.

Shares of Canaan fell 0.72% to $2.08 on the Nasdaq Stock Exchange, at the time of writing. The stock has tumbled more than 80% since listing on the exchange last November. Then, it traded at a high of $13.

Canaan chief executive officer Nangeng Zhang commented: During the second quarter of 2020, the Covid-19 pandemic continued to impact the lives of people around the world and the Bitcoin halving event also caused significant volatility in bitcoin prices. Zhang added:

We are confident that ourpipeline of next-generation products will continue to sustain our growth momentum in the future.

In the review quarter, research and development expenses declined to $3.7 million from $5.9 million previously, said the firm, which manufactures the Avalon range of ASIC bitcoin mining chips.

Canaan reported cash and cash equivalents of $22.2 million for the June quarter, down from $37.3 million in Q1. The company said the decline is a result of higher short-term investments, which amounted to a total of $49.2 million by the end of June.

For the second quarter running, Canaan did not issue guidance for the next three trading months, citing continued uncertainty from the rapidly changing global environment related to the Covid-19 pandemic and corresponding economic downturn.

What do you think about Canaans continuing losses? Let us know in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Canaan Cuts Losses for Second Successive Quarter, Down To $2.4M in Q2; Demand Remains Weak - Bitcoin News

The decentralized finance (defi) ecosystem has matured quite a bit in 2020 and one project thats seen some growth is the Ren Protocol. The application that allows people to access inter-blockchain liquidity for a number of defi applications. The following post is a step-by-step guide on how to leverage the Ren Protocol with Bitcoin Cash and a Metamask wallet.

This week news.Bitcoin.com tested the Ren Protocol, another decentralized finance (defi) application that has been making waves within the crypto community. This is because the total value locked (TVL) in the Ren-VM system right now is more than 12,600 BTC ($146 million).

The Ren protocol also works with zcash (ZEC) and bitcoin cash (BCH) as well, as it offers cross-chain capabilities with three blockchains and then connects them to Ethereum. In order to give our readers some perspective on how the project works, we tested the Ren Bridge to mint a very small fraction of renBCH.

Essentially renBCH is just like renBTC, as it is a synthetic form of bitcoin cash. After the tokens are minted they can be leveraged on a number of defi applications like Curve or Uniswap.

The following guide illustrates how easy it is to utilize these defi platforms, but it also shows how Ethereum is suffering from fee issues.

Paying $3 to $6 per transaction is nothing to someone leveraging various defi apps in order to yield off of 6,000 USDC with an intricate flash loan. In my experiment, I only minted $1 worth of BCH to test the system for this article and this is totally not a recommended amount with current gas prices.

Before even leveraging the Ren Bridge the website explains that the platform should be used for over $10 worth of BCH, BTC, or ZEC. I found with gas so expensive today, its probably better to leverage a bit more than just $10, but for this test, I had the audacity to mint $1 worth of bitcoin cash (BCH).

The first thing you will need is some ethereum (ETH), bitcoin cash (BCH), and a Metamask wallet. You will also need a bitcoin cash (BCH) compatible wallet too and then you can head over to the website at bridge.renproject.io/.

From here you can connect with your Metamask wallet and accept the interaction with the Ren Bridge.

Once the wallet is connected, you can then leverage the Ren Bridge to mint renBTC, renBCH, or renZEC. As mentioned above, I decided to mint 0.0035 BCH ($1) into renBCH and the application lets you choose the asset, amount, the destination address, and it also shows you how much you will receive.

The window told me I would get 0.002797 renBCH and the next page breaks down the settlement fees. After accepting, the bridge gives you an invoice or bitcoin cash address to send the BCH to in order to continue. I sent $1 worth of BCH from my Bitcoin.com Wallet by scanning the QR code given with the invoice.

Paying the invoice takes a while, as the Ren Protocol wants 15 BCH confirmations in order to continue the process.

From here, I walked away for a few hours and came back after my transaction made it through 15 confirmations. Once the wait time is over, the Ren Bridge will ask you to submit the transaction to the Ethereum network.

After hitting confirm, the Ren Bridge connects with Metamask again and the wallet explained the fee would be $6.52 to process the action. Even though I knew the fees were well above what I minted, I continued the process for testing purposes only.

After the Ethereum blockchain confirmed the transaction, I was the proud owner of 0.002797 renBCH. The Bridge application also allows users to release the renBCH and you can get bitcoin cash (BCH) or whatever coin you leveraged during the process back at any time.

Instead, you can also leverage the wide variety of defi applications with the newly minted coins. Defi apps with few or no trust assumptions are available on the open web and renBCH and other crypto synthetics are supported for trade. My newly minted renBCH was identified on Uniswap and other platforms after simply connecting my Metamask wallet.

Overall the experience was simple to process and as mentioned a few times above, minting less than what it costs in fees is not sustainable. I highly recommend leveraging at least $50 or more, of any crypto asset supported, in order to use the Ren Protocol with gas fees today.

Although, people should research Ren with due diligence and never use more crypto assets than they can afford to lose with any defi application in existence. Even though defi offers solutions with little to no trust involved depending on the protocol, there is always risk involved.

However, those with deeper pockets who do want to leverage these defi applications in order to obtain certain preferable actions are likely willing to pay for such fees.

Users can make a whole lot of money farming yield, executing flash loans, and providing scalable dark pools of liquidity. All three of these concepts can be worthwhile even with $6 gwei prices if the person knows what they are doing.

What do you think about the minting experience using the Ren Protocol? Let us know what you think in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Ren Protocol, Ren Bridge, Uniswap, Etherscan, Defipulse,

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Inter-Blockchain Liquidity: Minting Synthetic Bitcoin Cash With the Ren Protocol - Bitcoin News

Bitcoin Cash alongside other major cryptocurrencies is making attempts at recovering from the losses encountered this week. BCH/USD explored the levels marginally under $260. This was a significant stretch downwards considering the fact that the crypto traded highs around $320 on August 17.

Recovery is however gradual as reflected by various technical indicators. The RSI made it from the oversold region but stalled marginally above 30. At the same time, the MACD is stuck in the negative region, putting emphasis on the prevailing bearish influence.

At the time of writing, BCH is trading at $265 after a shallow recovery. As seen with the drab technical levels, gains above $270 are not likely to come easy. Besides, the price is below both the 50 SMA and the 100 SMA in the 2-hour range. The short term 50 SMA is diving lower from the 100 SMA also highlighting the strong bearish grip.

Despite the apparent selling pressure, the formation of a falling wedge pattern brings hope to BCH market that a breakout is still possible. The breakout will, however, depend on the bulls ability to break above the hurdle at $270 and contain the gains at a higher level. Trading above the wedge would pave the way for action past $280 and towards the psychological resistance at $300.

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Bitcoin Cash Price Prediction: BCH/USD looking forward to a falling wedge pattern breakout - FXStreet

Bitcoin, BTC to USD, fell by 1.12% on Thursday. Reversing a 1.15% gain from Wednesday, Bitcoin ended the day at $11,343.0.

A bearish start to the day saw Bitcoin fall to a mid-day low $11,290 before making a move.

Steering clear of the first major support level at $11,279, Bitcoin struck an early afternoon intraday high $11,609.0.

Coming up against the first major resistance level at $11,605, Bitcoin slid to a late afternoon intraday low $11,145.0.

Bitcoin fell through the first major support level at $11,279 before recovering to $11,300 levels.

The near-term bullish trend remained intact, supported by the latest move through to $12,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

Across the rest of the majors, it was a mixed day for the majors on Thursday.

Binance Coin and Moneros XMR bucked the trend on the day, rising by 4.05% and by 0.72% respectively.

It was a bearish day for the rest of the pack, however.

Cardanos ADA slid by 6.21% to lead the way down.

Bitcoin Cash ABC (-4.60%), Bitcoin Cash SV (-4.07%), EOS (-4.47%), Litecoin (-3.44%), Ripples XRP (-4.37%), Stellars Lumen (-4.44%), Tezos (-4.32%), also saw heavy losses.

Ethereum (-0.74%) and Trons TRX (-2.12%) saw relatively modest losses on the day.

In the current week, the crypto total market rose to a Monday high $360.52bn before falling to a Tuesday low $329.92bn. At the time of writing, the total market cap stood at $338.20bn.

Bitcoins dominance fell to a Monday low 60.80% before rising to a Tuesday high 62.13%. At the time of writing, Bitcoins dominance stood at 61.77%.

At the time of writing, Bitcoin was down by 0.28% to $11,311.0. A bearish start to the day saw Bitcoin fall from an early morning high $11,367.0 to a low $11,308.0.

Bitcoin left the major support and resistance levels untested early on.

Elsewhere, it was a mixed start to the day. Bitcoin Cash SV bucked the trend early on, rising by 1.15%.

It was bearish for the rest of the majors, however.

At the time of writing, Tezos was down by 2.07% to lead the way down.

Bitcoin would need to move through the pivot level at $11,366 to support a run at the first major resistance level at $11,586.

Support from the broader market would be needed, however, for Bitcoin to break back through to $11,500 levels.

Barring an extended crypto rally, the first major resistance level would likely cap any upside.

In the event of a crypto breakout, Bitcoin could test resistance at $11,700 before any pullback. The second major resistance level sits at $11,830.

Failure to move through the $11,366 pivot level would bring the first major support level at $11,122 into play.

Barring another extended crypto sell-off, however, Bitcoin should avoid sub-$11,000 levels. The second major support level sits at $10,902.

This article was originally posted on FX Empire

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The Crypto Daily Movers and Shakers August 28th, 2020 - Yahoo Finance

Bitcoin Price Prediction: BTC/USD journey to $12,000 suffers setback Confluence Detector

Bitcoin was forced back to the drawing board with the bearish leg drawing closer to $11,000. Note that, the price prediction on Tuesday talked about Bitcoin likelihood of falling to $11,000 before making another attempt at crossing above the psychological $12,000.Read more ...

Ethereum Classic (ETC) dropped below $6.5 after a short-lived recovery attempt. At the time of writing, ETC/USD is changing hands at $6.47, down nearly 3.5% since this time on Tuesday. ETC now takes the 27th place in the global cryptocurrency market rating with the current market capitalization of $754 million. The project recently suffered serial reorg attempts that eroded users' confidence.Read more ...

NEO/USD is changing hands at $17.40. The coin has gained over 2.5% since the start of the day, though it is down 2.2% on a day-to-day basis. NEO now sits on the 20th place in the global cryptocurrency market rating with the market capitalization of $1.23 billion. NEO topped at $19.77 on August 21 and started the technical correction. Despite the retreat, the coin is still moving within a long-term bullish trend. Read More ...

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Cryptocurrencies Price Prediction: Bitcoin, Bitcoin Cash and Ethereum European Wrap 26 August - FXStreet

Spot trading is a popular way for investors to access the crypto market in a straightforward manner. Its mainly fiat-to-crypto trading, as well as crypto-to-crypto trading. Its simple, you get a crypto wallet, you buy a token with fiat currencies, and then once the price has increased, you sell the asset and make a profit.

Well, imagine you dont have enough for the trade youre looking towards leveraging. With margin trading, the trading platform allows you to open a position that is larger than the balance of your account. Essentially, this allows people, or traders to access an amount of funds to increase their order, which then effectively means they boost the gain from a profitable trade. In essence, youll be maximizing your potential gains, allowing you to open a larger position than you would normally allow within your account.

With margin trading, youre effectively boosting your gains from market swings, opening up your trading horizons, and letting you, the trader, explore new trading opportunities and strategies. This then allows you to use leverage for the short, or long term gains on a variety of cryptocurrencies, giving you a bigger earning potential compared to spot trades.

Lets all assume that the price of Bitcoin Cash (BCH) is equal to USDT1000 and a trader thinks, and feels that it will rise in the future. However, the trader only has USDT100. The amount the trader has wont limit him from amplifying his potential gains with margin trading. The trader can use the maximum 10x leverage provided by Bitcoin.com Exchange to open a USDT1000 long position (traders USDT100 was multiplied to 10). Now lets assume that during the next few hours the price of Bitcoin Cash rocketed by 10% to USDT1000. The trader decides to close this profitable position and realizes a positive Profit & Loss of nearly USDT100 (you need to take into account the fees and paid Interest Rate Check out the Fee Page). If the trader opened this position without the leverage he or she will only see USDT10 gain, because the positions value would be equal to the traders balance of USDT100.

Bitcoin.com Exchange provides one of the leading Margin Trading platforms in the industry, giving users the opportunity to trade borrowed assets. This means that clients now can open Long and Short positions on a variety of cryptocurrencies by up to 10x leverage. Those who use Margin Trading can amplify their potential profit depending on the selected leverage for 29 markets as seen below:

Enjoy up to 10x leverage on: BCH/USDT, BTC/USDT, ETH/USDT, XRP/USDT, ETH/BTC, BCH/BTC, XRP/BTC, TRX/USDT, LTC/USDT, EOS/USDT,XMR/USDT, ETC/USDT, ADA/USDT, TRX/BTC, LTC/BTC, ETC/BTC, ADA/BTC,XMR/BTC, EOS/BTC.

Up to 5x leverage on: ZEC/USDT, DASH/USDT, VET/USDT, DOGE/ USDT XLM/USDT, ZEC/BTC, DASH/BTC, XLM/BTC, DOGE/ BTC, VET/BTC.

So what are you waiting for? Take advantage of added leverage to boost your potential gains today, with Bitcoin.com Exchange.

Please consider that margin trading has several risks due to cryptocurrency price volatility and product complexity. We advise you to exercise carefulness and attention. Bitcoin.com provides high liquidity, 24/7 multilingual support, and dozens of trading pairs complemented by high security, but we are not responsible for your financial losses during trading activities.

This is a sponsored post. Learn more on how to reach our audience here. Read disclaimer below.

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Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Increase Your Profit Potential With Margin Trading | Promoted Bitcoin News - Bitcoin News

A mixed start to the day saw Bitcoin rise to an early morning intraday high $11,778.0 before hitting reverse.

Falling short of the first major resistance level at $11,875, Bitcoin slid to a late afternoon intraday low $11,137.0.

Bitcoin fell through the days major support levels before a brief recovery to $11,400 levels.

The late recovery saw Bitcoin move back through the third major support level at $11,256 to reduce the deficit on the day.

The near-term bullish trend remained intact, supported by the latest move through to $12,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

Across the rest of the majors, it was a bearish day for the majors on Tuesday.

Cardanos ADA (-8.99%), EOS (-7.77%), and Trons TRX (-8.54%) led the way down.

Bitcoin Cash SV (-6.04%), Ethereum (-6.02%), and Tezos (-6.54%) werent far behind.

Binance Coin (-5.22%), Bitcoin Cash ABC (-4.74%), Litecoin (-5.91%), Moneros XMR (-5.75%), Ripples XRP (-4.22%), and Stellars Lumen (-5.58%) also struggled on the day.

In the current week, the crypto total market rose to a Monday high $360.52bn before falling to a Tuesday low $331.45bn. At the time of writing, the total market cap stood at $341.48bn.

Bitcoins dominance fell to a Monday low 60.62% before rising to a Tuesday high 64.08%. At the time of writing, Bitcoins dominance stood at 61.34%.

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The Crypto Daily - The Movers and Shakers - August 26th, 2020 - FX Empire

It was a mixed start to the day. Bitcoin rose to an early morning high $11,709.0 before hitting reverse.

Falling short of the first major resistance level at $11,787, Bitcoin slid to a late morning intraday low $11,538.0.

Steering clear of the first major support level at $11,465, Bitcoin struck a late intraday high $11,736.

Falling short of the first major resistance level at $11,787, Bitcoin fell back to $11,650 levels before finding support.

The near-term bullish trend remained intact, supported by the latest move through to $12,000 levels. For the bears, Bitcoin would need to slide through the 62% FIB of $6,400 to form a near-term bearish trend.

Across the rest of the majors, it was a mixed day for the majors on Sunday.

Litecoin and Stellars Lumen rose by 0.53% and by 0.60% to buck the trend on the day.

It was a bearish day for the rest of the majors.

Cardanos ADA (-3.17%), Moneros XMR (-3.73%) and Trons TRX (-3.52%) led the way down.

Binance Coin (-1.71%), Bitcoin Cash ABC (-1.12%), Bitcoin Cash SV (-1.57%), EOS (-1.36%), Ethereum (-1.23%), and Tezos (-1.85%) also struggled.

Ripples XRP (-0.42%) saw modest losses on the day.

For the week, it was a bearish for the majors, however.

Tezos (-17.18%), EOS (-14.44%), Trons TRX (-13.82%), Bitcoin Cash SV (-13.10%), Cardanos ADA (-12.59%), and Stellars Lumen (-10.86%) led the way down.

Binance Coin (-7.18%), Bitcoin Cash ABC (-6.49%), Ethereum (-9.92%), Litecoin (-5.22%), and Ripples XRP (-6.52%) also struggled.

Moneros XMR fell by just 0.22%, however.

In the week, the crypto total market rose to a Monday high $384.00bn before sliding to a Saturday low $338.58bn. At the time of writing, the total market cap stood at $349.94bn.

Bitcoins dominance fell to a Monday low 59.97% before rising to a Wednesday high 62.00%. At the time of writing, Bitcoins dominance stood at 61.41%.

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The Crypto Daily Movers and Shakers August 24th, 2020 - FX Empire

Co-founder & Partner, Morgan Creek Digital, talks about the irrational exuberance in global markets, gold as an investment asset and emerging markets.

What are you making of this exuberant mood that we are seeing across markets?The Federal Reserve in the United States and other central banks around the world have essentially stepped in. When the global health crisis hit, everyone was ordered to stay at home and that slowed down the velocity of money. When that slowed down, the government basically went into their toolbox and used the 2008-2009 playbook and intervened in markets. They had two emergency rate cuts in the US and they pumped trillions of dollars of liquidity through quantitative easing.

When you do that, you essentially create an environment where you systematically weaken the dollar and you juice asset prices. So what we saw in March was that during the liquidity crisis, equities were down 30%, Bitcoins were up 50% in a day, gold was down 12% to 15% and bonds were falling.

As soon as the government stepped in with the quantitative easing and juicing the markets, everything kind of immediately turned back and went up aggressively. So now, you have got stocks at all-time highs; you have got gold up 20-25%; you have Bitcoin up about 70% on the year. I think we have just flooded the market with cheap capital and of course asset prices are going to rise from there. So, you have a complete dislocation between the economic reality and the asset prices in the market today.

How should investors navigate these times? In your point of view, what is the best strategy?The key things to understand are one patience is always really valuable in these situations. Sometimes the best thing to do is to do nothing. If you panicked during the liquidity crisis and you sold equities during that 30% drop, you basically missed out on the recovery and got shaken out of the market. Now at the same time, people need to understand structurally what is occurring here. Around the world, trillions of dollars are being injected into these economies and as we know from history, that is going to weaken the currencies.

There is the likelihood that we are going to see inflation but you are also hearing rhetoric from a lot of people in the Federal Reserve today who are saying maybe we need to overshoot the 2% inflation target, maybe we should not do anything until we hit 2.5% or higher in those official CPI metrics.

I think that people just have to understand that structure and realise that holding a bunch of cash is actually going to have your wealth stolen from you because you really lose purchasing power and instead you should actually be investing in assets. The way the system is structured is it rewards investors and punishes savers. That is what we are seeing starting to play out here and it is likely to get more aggressive in the coming months and years.

The FAANG stocks have definitely taken leadership in the US market. Tech stocks like Airbnb are planning IPOs. What do you make of this overall tech move?What you are starting to see is that companies have stayed private much longer and that was because tons of venture capital was available in the private markets. But what you have seen over the last couple of weeks and even a couple of months is that whenever you get these raging bull markets, companies want to race to get to the public markets and there is inflated valuations.They can basically go out and get capital in their balance sheet. What is interesting with Airbnb is that the company actually got hit pretty hard by the pandemic. We were just not travelling. But they are still going to try to get out into the public markets because it is so compelling to do that given the environment right now. So, you are seeing a lot of these companies do that, whether it is through traditional IPOs, SPACs or direct listings. If the markets are going to give these inflated valuations, of course there is a financial incentive for people to get to the public markets and that is what we are seeing them try to do.

We have also seen quite a bull move in Bitcoin as well, the acceptability of which is improving. While things are not quite clear and approvals are not entirely in place, would you bet on this?Any time that you have got an asset that has scarce supply, people are going to be interested because as we know if the supply is capped and demand increases, of course the price goes up. The technology itself is just superior to other things in the market. There is no other digital decentralised currency that can be used anywhere in the world in the way that Bitcoin can be used and people are very interested in that.

Lastly, comes the macro environment, the inflation that I talked about. People forgot that gold went down 30% over the summer of 2008 during that liquidity crisis and then once the government stepped in with quantitative easing it went up over 200% in US dollar value and ended up hitting an all time high in 2011.

So not only do the Federal Reserve have 2008-2009 playbook at the top of their head, but investors also remember that and so when you see this kind of economic chaos, the government steps in and everyone immediately thinks asset prices are going to pump and they start running for inflation hedge assets. That is why you see gold up 20-25%. What you are really watching is investors fear of inflation is almost more important than the actual inflation itself ever occurring. They are going to look for those inflation hedge assets.

"Bitcoin is riskier and therefore you get paid for that risk in terms of the potential returns. Gold is more conservative and even though you are going to get a lower return than you will on Bitcoin, it is still going to do well"

Anthony Pompliano

Bitcoin has got a very small market cap compared to gold and other assets and so of course it is going to be more volatile and I think we are seeing that play out.

What are your views on gold? How are you viewing the rally now that even Buffett is joining the party and buying gold mining stocks?I think that the thesis for gold has remained the same which is essentially that anytime that there is a lot of quantitative easing, people are going to seek out sound money principles and so both gold and Bitcoin have that sound money principles.

Where gold and Bitcoin investors kind of diverge in thought process is how to allocate to those applications of sound money principles. Like gold investors would say, gold has been around for 5,000 plus years. It is very conservative in terms of risk and so you are going to get a return. It is up 20-25% more than stocks this year. But what you are not going to get is the explosive growth that something like Bitcoin can provide.

Bitcoin is riskier and therefore you get paid for that risk in terms of the potential returns. Gold is more conservative and even though you are going to get a lower return than you will on Bitcoin, it is still going to do well because the macro environment just simply incentivises people to go protect their wealth and so whether it is gold or gold stocks, there is a lot of people looking around saying I need to somehow get inflation hedge and gold is the place that you will find a lot of capital flow into.ET Now: What would you advise all the self learning investors, the budding new traders who are emerging during the lockdown?Anthony Pompliano: People that are successful in life generally are intellectually curious and they want to improve and that improvement can be in anything from how to get better at finance and investing to perfecting a physical skill to a whole bunch of different things, But ultimately what it comes down to is that intellectual curiosity and discipline to invest in yourself and there is the financial investments you can make, but ultimately those investments are going to pay off the greatest dividends.

Right now, a lot of people are sitting at home during the quarantine period and they have access to the internet and they can use a plethora of different platforms and services to not one only educate themselves but actually come out with new skills. Some of those skills will be tangentially related to what they already did and maybe make them better at the job that they were already doing.

Some will empower people to transition from one job to another. The thing that people should be paying attention to is if you want to improve, if you have that intellectual curiosity everything is available on the internet and right now provides a great opportunity to go spend the time to do it so hopefully people take advantage of it.

You talked about how of course we have been seeing this gush of liquidity. But when it comes to emerging markets (EMs) versus developed markets (DMs), how is this really going to play out?I do not want to comment too much on the difference there but what I will say is we know two things for sure. One is that innovation leads to returns and in fast growing developing markets, there tends to be a lot of innovation and it is innovation that drives returns. The second thing is that most investors realise the benefits of investing behind demographics and so it is pretty easy to see these macros trends playing out. When you look at the demographics, there are many emerging markets around the world which have very compelling demographic growth.

Take a country like Nigeria. It is going to be one of the most populous places in the world and they will continue to grow at a very fast clip and have a young population for a long period of time. India obviously has a massive market and a young population. There is a lot of internet penetration going on and so you are basically onboarding an entire generation of a population in a country. That is going to lead to a lot of value creation and also value capture for the companies. Emerging markets are an obvious place for people to look in terms of innovation and internet value capture.

How do you see the quality of recovery play out globally?Somebody would argue that the recovery has already happened. It structured all time highs, all these assets have gone up. My personal perspective is that there is a big dislocation between the stock prices and therefore economic realities on the ground. In the United States, 50 plus million people lost their jobs, there is still 10% plus unemployment. There are millions of businesses that will go out of business. There is probably another stimulus package on the way.

It is very obvious that the economic reality on the ground is still carnage. A lot of people are being hurt very badly. Because there has been so much liquidity pumped into the market, that has led to the asset prices increasing. The real question people should be asking is not just one where asset prices recover because that pretty much has already happened. It is when the economic reality will improve and that is a much harder question to answer. You cannot just kind of decimate the small business landscape for example and hope that all those businesses will come back immediately.

In the United States, between 15% and 25% small businesses are going go out of business through this period and it is going to end up being a pretty horrific scene. But America and other places around the world are incredibly resilient. The entrepreneurs are some of the best problem solvers and we are just giving them resources to get out of the crisis and the entrepreneurs will bring back all these economies faster than we can hope.

The rest is here:

Holding on to cash will not help now, stay invested in assets: Anthony Pompliano - Economic Times

With sophisticated fraud schemes seemingly overwhelming the African crypto market, there is a growing need for players in the space to help fight this scourge. Some are responding through increased educational campaigns, which they hope will not only turn the tide against scammers but will also attract masses to cryptocurrencies.

News.Bitcoin.com has reported in the past how one Nigerian fintech entity chose a popular reality television show to market bitcoin. Using the popular television show may have helped to bring the crypto into the limelight. However, more still needs to be done if ordinary people are to become fully knowledgeable about digital currencies.

In this report, we zero in on one influencer who has chosen a different path to crypto educationa book that explains digital currencies in simple terms. Nathaniel Luz is the author of the book titled: Digital is the Cash and is the leader for Dash in Nigeria since 2017.

An award-winning libertarian, Luz says he decided to write the book after observing the yawning knowledge gap that still exists in the crypto space. According to him, current African crypto literature seems too focused on equipping readers with trading basics and tactics.

Not enough is being done to educate people about the very basics of digital currencies and why they are needed digital currencies in the first place. The limited knowledge gained from such learning material is not enough to hasten adoption cryptocurrencies. According to Luz, these are some of the factors that prompted him to think about writing the book.

Published in 2019, the book seeks to help Africans as well as non-Africans readers to understand the Dash cryptocurrency without burdening them with unfamiliar terms. Since publishing, the book has been distributed to regulators, universities, and many more mainstream institutions in Nigeria.

Commenting on the feedback he is getting, Luz expressed satisfaction with what he is seeing so far.

Its been amazing. The (positive) feedback from the regulators, educational institutions, and organizations has been overwhelming. This campaign allows us to reach out to thousands of people in a way theyre familiar with Hardcopy books.

The organizations targeted as part of the Dash Nigerias Digital Cash Awareness Drive include Nigeria Deposit Insurance Corporation (NDIC) as well as the Abuja Securities and Exchange Commission.

The Chartered Institute of Bankers Nigeria, which also received copies of the book, is one of the organizations that has given thumps up to Luz and his team. In a letter addressed to Luz, the institute said of the book: the publication will serve as excellent reference material for the Insititute and for users of its library.

Similarly, a library official at Obafemi Awolowo University, Ile-Ife in Nigeria, commends Luz for his efforts in trying to demystify digital currencies. The book is indeed a rich package of information that will give all readers an easy understanding of the new digital cash system, said the official.

The English language book is also available in French, Spanish, and German. According to Luz the book is licensed under a Creative Commons Attribution-Non-Commercial-Share Alike 4.0 International License, so anyone can reproduce it as long as its not for commercial purposes.

Meanwhile, the Leader of Dash in Nigeria says his organization has also partnered with the 125 member Fintech Association of Nigeria whose community cuts across various sectors of the economy including financial services solutions providers and banks.

Another partnership has been created with Campus BCAT, a crypto educational movement sweeping through tertiary institutions in Nigeria since 2019. According to Luz, Campus BCAT has committed to donating 1,000 copies to universities and student tech/ finance clubs across 30 tertiary institutions in Nigeria.

The campaign has also gone beyond Nigerian borders as similar educational outreaches in Cameroon, South Africa, and Kenya also ongoing.

Besides the book, Dash Nigeria also produces educational videos in addition to its academy.

In the meantime, while espousing his libertarian ideals, Luz explains why cryptocurrencies trump fiat currencies like the Niara, which was devalued recently.

These (currency devaluation) are the problems crypto came to solve. Crypto was born out of the libertarian ideology of people having total control over their money. A P2P uncensored, borderless, permissionless system of value transfer that relies on no central authority for validation.

Luz is also of the opinion that most cryptocurrencies have deviated from these core libertarian values with space now dominated by chants of bull and moon.

Still, he emphasizes his vision saying we are not here primarily for bull and moon, we are here to secure the financial power of individuals.

According to Luz, Dash is one cryptocurrency that has remained true to these values. He says it is faster and cheaper to send remittances or make payments with Dash.

What do you think of this idea to publish a booking explaining the digital currency? Share your thoughts in the comments section below.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Dash Nigeria Takes Digital Currency Education Campaign to Regulators and Key Institutions | Interview - Bitcoin News

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Continued here:

INX Limited Announces Effectiveness of Security Token IPO | Press release Bitcoin News - Bitcoin News

Bitcoin Cash 4 Hour Price Update

Updated August 13, 2020 03:19 PM GMT (11:19 AM EST)

The back and forth price flow continues for Bitcoin Cash, which started the current 4 hour candle off at 280.17 US dollars, down 1.24% ($3.53) from the last 4 hour candle. 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 last 4 hour candle.

The back and forth price flow continues for Bitcoin Cash, which started today off at 284.86 US dollars, up 1.1% ($3.09) from yesterday. This move happened on lower volume, as yesterdays volume was down 30.39% from the day before and down 31.28% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 3rd since yesterday in terms of percentage price change. Below is a daily price chart of Bitcoin Cash.

The first thing we should note is that Bitcoin Cash is now close to its 20 day averages, located at 287.13 respectively, and thus may be at a key juncture along those timeframes. 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 additional context, note that price has gone up 6 out of the past 10 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Behold! Here are the top tweets related to Bitcoin Cash:

@jtoomim @BCHFrance @vinarmani @CryptoKelso @MarcDeMesel @rogerkver @deadalnix We(users, exchanges) need a reference client or its pure chaos when/if miners run incompatible Bitcoin Cash software. ABC has a proven track record, so its an obvious choice.BCHN is offering a no-8% IFP with the risk of orphaned blocks if majority miners stay with ABC

@BlockpartySh @KeepBitcoinFree @jtoomim @oorion_ @CryptoKelso @BCHFrance @MarcDeMesel @rogerkver @deadalnix So everyone who uses Bitcoin Cash are not the users and when people say the community rejected this tax they are speaking on behalf of everyone who uses Bitcoin Cash?So is someone who thinks the coinbase rule is a good idea not part of everyone who uses Bitcoin Cash?

@vinarmani @KeepBitcoinFree @jtoomim @oorion_ @CryptoKelso @BCHFrance @MarcDeMesel @rogerkver @deadalnix > who would be the primary consistent contributorsNever stated this. I stated I was sure that Bitcoin Cash developers could achieve ~$1m in voluntary funding if they consistently deliver.

In terms of news links for Bitcoin Cash heres one to try:

The Mythical Community and the Permissionless of Bitcoin Cash

This, however, is the Marrakech market in the evening.So what exactly is the Marrakech market?People may even call it the Marrakech market but there would always be a new and old market.What has any of this to do with Bitcoin Cash?Can the market want something?Like the Marrakech market, the Bitcoin Cash community exists in the totality of peoples expectations and behaviors over time.

More:

Bitcoin Cash (BCH) Up $2.28 On 4 Hour Chart, Started Today Up 1.1%; in an Uptrend Over Past 30 Days - CFDTrading

Dennis Jarvis, CEO of Bitcoin.com, published a blog post about the future upgrade on Bitcoin Cash Network. Bitcoin.com is a company focused on cryptocurrency and blockchain-based products.

Its mission is based-on providing digital currency for regular people. The executives believe Bitcoin Cash can fulfil the needs for this mission and tries to participate as more as possible on the related products.

Many development teams collaborate on providing changes and features for Bitcoin Cash. Bitcoin.com is one of the many. These teams usually have challenges with each other regarding which tools and modifications to add to the main network.

The long-age problems have caused splits in the Bitcoin and Bitcoin Cash network. Jarvis believes the upcoming upgrade for Bitcoin Cash may result in more fractures among Bitcoin and Bitcoin Cash developer community.

CEO of Bitcoin.com focuses on the proposed changes in the Bitcoin Cash network for November 2020 Update in his blog post:

Recently, competing teams of open-source software developers have proposed changes to the Bitcoin Cash network that diverge at the fundamental level again. These changes are scheduled to take effect in November. The main point of contention between these teams is whether or not to implement a technical and economic mechanism to fund ongoing open-source software development. This mechanism, colloquially known as IFP, has been controversial, to say the least. Endless debate of its technical, economic, and governance merits (or lack thereof) rages on in social media and in private and public meetings.

Dennis Jarvis explicitly shows his position (and of his company) against IFP. He believes other Bitcoin Cash miners should follow the same principle. Jarvis encourages all participants in the Bitcoin Cash network to run software without IFP in the November update.

Bitcoin.com CEO finished his blog post with demanding Bitcoin Cash contributors to not using IFP in the upcoming update.

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, he added.

If you found this article interesting, here you can find more Bitcoin Cash News

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Bitcoin Cash [BCH] Bitcoin.com Published Worries About November Update on Bitcoin Cash Network - Crypto Economy

Since the beginning of August BCH has been growing above US $ 300, but at the same time the whales of Bitcoin Cash are decreasing. Why? Find out.

When a cryptocurrency increases in price considerably, one of the most common trends is to take advantage of it to obtain the benefits of an initial investment. This appeared to be the case for some Bitcoin Cash (BCH) whales. Find out the details.

Recently, BCH increased its price by almost 39%. After this, some people noticed that the number of Bitcoin Cash whales dropped from August 1. An example of this was Ali Martinez, a Twitter user interested in cryptocurrencies.

To be a Bitcoin Cash whale you must be an investor who has the equivalent of US $ 3 million in this cryptocurrency. That is, it has between 10,000 and 100,000 BCH.

It is estimated that 10 whales stopped being so after they sold their BCH when it exceeded US $ 311. Martnez added that, according to an analysis of the data provided by Santiment, the number of investors who have between 10,000-100,000 Bitcoin Cash (BCH ) decreased.

This reminds us that BCH is right now the fifth largest crypto asset by market cap at nearly $ 5.6 billion, with Bitcoin SV (BSV) trailing behind Chainlink with a capitalization of $ 4.1 million. All this according to CoinMarketCap.

At the time of writing, Bitcoin Cash is trading at $ 302.09, having risen 0.83% in the last 24 hours. However, if we look at the price graph in the last seven days we will see that the day with the most boom for this cryptocurrency was last August 7. At that time it reached US $ 323.72.

Despite what is happening to the price of Bitcoin Cash, perhaps the whales that sold are anticipating a price drop fueled by proposals to improve the difficulty adjustment algorithm of BCH.

Specifically, we are talking about a kind of tax that was previously called the Infrastructure Financing Plan (IFP) and that now reappears as a rule for the issuance of this cryptocurrency. What this measure does is impose a contribution of 8% on the rewards for each new block created.

Something that further increases the rejection of this measure is that it was approved without a voting process to obtain the opinion of the majority. Subsequently, users have highlighted that they do not trust the use that would be given to that fund.

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Bitcoin Cash whales are falling, why is it falling? - Somag News

Bitcoin Cash 4 Hour Price Update

Updated August 12, 2020 11:19 AM GMT (07:19 AM EST)

Bitcoin Cash closed the previous 4 hours up 1.53% ($4.34); this denotes the 2nd candle in a row it has gone up. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 2nd for the four-hour candle in terms of price change relative to the previous 4 hours.

The back and forth price flow continues for Bitcoin Cash, which started today off at 281.77 US dollars, down 6.82% ($20.62) from the previous day. The price move occurred on stronger volume; specifically, yesterdays volume was up 44.14% from the day prior, and up 16.6% from the same day the week before. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 4th for the day in terms of price change relative to the previous day. Lets take a look at the daily price chart of Bitcoin Cash.

First things first: Bitcoin Cash crossed below its 20 day moving average yesterday. 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. Also of note is that on a 14 day basis price appears to be forming a base which could the stage for it being a support/resistance level going forward. For another vantage point, consider that Bitcoin Cashs price has gone up 15 of the previous 30 trading days.

For laughs, fights, or genuinely useful information, lets see what the most popular tweets pertaining to Bitcoin Cash for the past day were:

New Bitcoin Cash monthly report format coming tomorrow.

@CyPhlux What is the problem here?!? One thing is to be suspicious, but this is like holding BTC in 2017, before they forked it to Bitcoin Cash and then say-no thanks I dont want those tokens.

@KBClientPicks Im all about winning paper man. Bitcoin cash, Up here in Canada im a shark. Join me. Im darth vader be anakin !

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Bitcoin Cash (BCH) Up $4.34 in Last 4 Hours, Started Today Down 6.82%; Price Base in Formation Over Past 14 Days - CFDTrading

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