Bitcoin Cash 4 Hour Price Update
Updated July 12, 2020 01:35 AM GMT (09:35 PM EST)
The back and forth price flow continues for Bitcoin Cash, which started the current 4 hour candle off at 236.75 US dollars, up 0.69% ($1.63) from the previous 4 hours. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 3rd since the previous 4 hours in terms of percentage price change.
Bitcoin Cash Daily Price Recap
The back and forth price flow continues for Bitcoin Cash, which started today off at 236.63 US dollars, down 0.7% ($1.66) from the day prior. This move happened on lower volume, as yesterday’s volume was down 24.09% from the day before — and down 2.3% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 4th since the day prior in terms of percentage price change. Below is a daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
First things first: Bitcoin Cash crossed below its 50 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 5 out of the past 10 days.
Overheard on Twitter
For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Bitcoin Cash for the past day were:
- From Queen_Ehva:
@unstoppableweb $Now you know what blockchain is, let me tell you what @ChangeNOW_io is. It is a registration-free instant cryptocurrency exchange platform for limitless crypto exchanges. Exchanges ranging from Bitcoin to Ethereum, Ripple, Bitcoin Cash and many more.
Choose @ChangeNOW_io today.
- From coinmamba:
$BTC will not make a new ATH unless we have something to look forward to like futures launch or bitcoin cash split. ETF approval would be huge…
- From aiyadt:
21 days to #Bitcoin fork day.
On August 1st, 2017 after a long community debate on how to better scale Bitcoin, a hard fork was made in the Bitcoin blockchain, resulting in BCH & BTC.
Bitcoin Cash enables an increased volume of trades per second to speed up txns. & lower fees.
For a longer news piece related to BCH that’s been generating discussion, check out:
Tether, the stablecoin company, appears to have started distributing its SLP version of USDT by minting $6 million worth on top of the Bitcoin Cash blockchain….For example, Karen deposits an asset such as USDT to @AaveAave and delegates her credit line to Chad, who draws funds such as ETH from Aave Protocol….The system use credit delegation, where traders collateralized a position and then use it to delegate a credit line to another user that will be the one to draw the resources from the Aave platform.