Bitcoin Cash 4 Hour Price Update
Updated August 19, 2020 11:18 PM GMT (07:18 PM EST)
Bitcoin Cash’s 3 four-hour candle negative streak has officially concluded, as the candle from the previous 4 hours closed up 1.82% ($5.19). 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
Bitcoin Cash is down 4.49% ($14.27) since the day prior, marking a reversal from the day prior — and the end of a 3 day positive run. This move happened on lower volume, as yesterday’s volume was down 26.33% from the day before — and down 6% from the same day the week before. 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 day prior. The daily price chart of Bitcoin Cash below illustrates.
Bitcoin Cash Technical Analysis
Coming into today Bitcoin Cash is now close to its 20 day averages, located at 299.2 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.
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 btcfork:
Is the SHA256 mining community going to reject a proposal by one node client to divert 8% of the Bitcoin Cash coinbase rewards to itself and allies?Early signs point to strong opposition to Bitcoin ABC’s “IFP” proposal which could increase miner and development centralization.
- From walerikus:
Bitcoin community divided because of SegWit and block size debate.It was the time when I started discovering the crypto world.Bitcoin Cash fork happened because part of Bitcoin community refused to implement SegWit, they wanted to continue the chain of digital signatures.
- From zackvoell:
@rogerkver all those transactions filling bitcoin cash blocks look the same as the emperor’s new clothes
As for a news story related to Bitcoin Cash getting some buzz:
Bitcoin Cash and Litecoin Trusts from Grayscale Investments Begin Trading | Finance Bitcoin News
The firm’s latest funds give investors exposure to the crypto assets bitcoin cash and litecoin and shares will be traded via secondary markets….Bitcoin Cash and Litecoin Trusts from Grayscale Investments Begin Trading Grayscale Investments’ Litecoin Trust (LTCN) and Bitcoin Cash Trust (BCHG) have received DTC eligibility on Monday, which means the shares can begin trading publicly….The firm’s latest funds give investors exposure to the crypto assets bitcoin cash and litecoin and ……Most Bitcoin Investors …
