Bitcoin Cash 4 Hour Price Update
Updated June 23, 2020 01:35 AM GMT (09:35 PM EST)
Bitcoin Cash is up 0.07% ($0.17) since the previous 4 hours, marking the 6th candle in a row it has gone up. 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 previous 4 hours.
Bitcoin Cash Daily Price Recap
The end of a 4 day negative run has come for Bitcoin Cash, which finished the day prior up 4.84% ($11.15). The change in price came along side change in volume that was up 189.13% from previous day, but down 29.7% from the Monday of last week. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 2nd since the day prior in terms of percentage price change. Here is a daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
Notably, Bitcoin Cash crossed above its 100 day moving average yesterday. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone down 16 out of the past 30 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin Cash:
- From TheRealXinxi:
I’ve been receiving someone’s emails saying Bitcoin cash is better than Litecoin because it has “Bitcoin” in its name. Well, how about Bitcoin Trash? I don’t see how Bitcoin cash differs from Bitcoin Trash much. Litecoin has a legit brand and is not trying to steal something.
- From BitcoinRothbard:
“Bitcoin Cash” should only be called bcash because it has nothing to do with Bitcoin. “DeFi” should only be called CeFi because it has nothing to do with decentralization.
#DeFi #DeFiIsCeFi - From pokkst:
There’s a Bitcoin Core 2.0 situation happening within Bitcoin Cash right now and it’s quite sad to see.
In terms of news links for Bitcoin Cash here’s one to try:
Research shows mining meme coin DOGE is more profitable than Bitcoin Cash and others | CryptoSlate
However; high fees do not mean a positive for a blockchain network….More than 99% of all blockchain fees are paid to Bitcoin and Ethereum miners….Ask another person and they’ll tell you low fees are desirable because they provide users with greater access to block space.” Meanwhile, transaction fees on Bitcoin fell below $1 last week, as CryptoSlate reported….None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article….CryptoSlate is only an informational website that provides news about coins, blockchain companies, blockchain products and blockchain events.