Bitcoin Cash ABC (BCHA-USD) Cryptocurrency is currently on bearish momentum by 47.77% in the last 14 days. At 10:42 EST on Tuesday, 25 May, Bitcoin Cash ABC (BCHA-USD) is at $19.15.
Bitcoin Cash ABC (BCHA-USD) Range
Concerning Bitcoin Cash ABC’s daily highs and lows, it’s 24.03% up from its trailing 14 days low of $15.44 and 62.08% down from its trailing 14 days high of $50.50.
Bitcoin Cash ABC’s last week, last month’s, and last quarter’s current volatility was a negative 5.28%, a positive 0.65%, and a positive 8.91%, 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 12.44% (last week), 11.45% (last month), and 8.91% (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
Elon Musk met with Bitcoin miners to discuss making the cryptocurrency more environmentally friendly. According to Business Insider on Monday, 24 May, “The miners have agreed to form the Bitcoin Mining Council to promote energy usage transparency & accelerate sustainability initiatives worldwide,” Saylor said in a tweet.”, “Bitcoin mining consumes over 113 terawatt hours per year, slightly more than the country of the Netherlands at 110 terawatt hours, according to a real-time estimate from the University of Cambridge’s Bitcoin Electricity Consumption Index.”
Bitcoin punctuates wild week with a fresh bout of volatility. According to Bloomberg Quint on Sunday, 23 May, “China has long expressed displeasure with the anonymity provided by Bitcoin and other crypto tokens. “, “Investors in Bitcoin are experiencing one of its rockiest weeks ever after a string of negative headlines, with prices swinging as much as 30% during the day. “
Bitcoin slips below $38,000 as it struggles to retrace losses despite efforts from musk and saylor to buoy confidence. According to Business Insider on Tuesday, 25 May, “Following Musk’s announcement, MicroStrategy founder and CEO Michael Saylor also tweeted that he had formed a Bitcoin Mining Council with industry leaders “to promote energy usage transparency & accelerate sustainability initiatives worldwide.”
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