Bitcoin Cash 4 Hour Price Update
Updated July 09, 2020 01:35 AM GMT (09:35 PM EST)
244.06 (USD) was the opening price of the four-hour candle for Bitcoin Cash, resulting in the last 4 hour candle being one in which price moved down 0.05% ($0.12) from the last 4 hour candle. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 4th for the four-hour candle in terms of price change relative to the last 4 hour candle.
Bitcoin Cash Daily Price Recap
The choppiness in the recent daily price action of Bitcoin Cash continues; to start today, it came in at a price of 243.36 US dollars, up 2.4% ($5.7) since the previous day. As for how volume fared, yesterday’s volume was up 29.37% from the previous day (Tuesday), and up 40.94% from Wednesday of 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. Let’s take a look at the daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
First things first: Bitcoin Cash crossed above its 100 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For another vantage point, consider that Bitcoin Cash’s price has gone up 6 of the previous 10 trading days.
Overheard on Twitter
Behold! Here are the top tweets related to Bitcoin Cash:
- From nath_swerve:
@sideshiftai Example of showcasing @SimpleLedger gone out of the window. Maybe add the SLP logo alongside the BCH in brackets. I personally think USDT (BCH) has a level of confusion. Is there a better solution? Tokens on Bitcoin Cash need championing.
- From ColtonMandell:
@needacoin @jebus911 I think Litecoin is worthy though. They are the OG Bitcoin Cash in my opinion by creating a Bitcoin clone that is faster, lighter and accepted everywhere BTC is without trying to steal the brand name.
- From brokencuffs:
@CalebGregory304 It’s open sourced technology so you can make the same thing under a different name (i.e. bitcoin cash)I think its value lies within the brand it’s cultivated and the network effects that come with itI’m long, but I worry that it can be recreated infinite times
For a longer news piece related to BCH that’s been generating discussion, check out:
Tether’s Market Valuation Grows 144% in 2020, USDT Market Cap Worth $10 Billion The most popular stablecoin, Tether, has propelled its way into the third-largest position by cryptocurrency market capitalization….Our wallet’s latest features now provide seamless swaps between bitcoin (BTC), bitcoin cash (BCH), and the ……The Popular Stablecoin Tether Is Now Circulating on the Bitcoin Cash Network The most popular stablecoin tether (USDT) has officially been minted on the Bitcoin Cash blockchain via the Simple Ledger Protocol (SLP).