Bitcoin Cash ABC Cryptocurrency is currently on bearish momentum by 18.44% in the last 24 hours. At 13:40 EST on Saturday, 24 April, Bitcoin Cash ABC is at $28.49.
Bitcoin Cash ABC Range
About Bitcoin Cash ABC’s daily highs and lows, it’s 4.63% up from its trailing 24 hours low of $27.23 and 18.44% down from its trailing 24 hours high of $34.93.
Bitcoin Cash ABC’s last week, last month’s, and last quarter’s current volatility was 37.90%, 37.90%, and 37.90%, respectively.
Bitcoin Cash ABC’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 37.90% (last week), 37.90% (last month), and 37.90% (last quarter), respectively.
Crypto Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Bitcoin Cash ABC’s crypto is considered to be overbought (>=80).
News about Bitcoin
Cathie wood’s ARK says Bitcoin mining is good for the planet. According to Bloomberg Quint on Thursday, 22 April, “We believe that the opposite is true: a world with Bitcoin is a world that, at equilibrium, generates more electricity from renewable carbon-free sources.”, “With the largest cryptocurrency in the mix, energy providers could play the arbitrage between electricity prices and Bitcoin prices, as well as sell surplus solar — and supply almost all grid power demands without lowering profitability, they said.”
38-year-old exchange founder launches Bitcoin, ether funds. According to Bloomberg Quint on Wednesday, 21 April, “Huobi Tech is rolling out four funds including ones that will virtually track Bitcoin and Ether prices, allowing investors to bet on the coins without actually holding any currency. “
Bitcoin must move away from its core proof-of-work technology to remain a dominant cryptocurrency, ripple’s co-founder says. According to Business Insider on Saturday, 24 April, “I know this is a bold proposal, but it is worth a serious discussion given what the world looks like today (in comparison to when Bitcoin was launched in 2009),” Larsen said. “, “I would argue that such a change is critically important for Bitcoin to remain the world’s dominant cryptocurrency.”
What Elon Musk and jack dorsey are missing about Bitcoin and green energy. According to Bloomberg Quint on Thursday, 22 April, “I don’t know how you’d assess the risk profile of a Bitcoin mining operation,” said Albert Cheung, head of analysis at BNEF. “, “Wood says the new research ideas — in a paper by her ARK Investment Management LLC and Dorsey’s Square Inc. — “debunk the myth” that Bitcoin mining is damaging the environment. “
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