Bitcoin Cash ABC (BCHA-USD) Cryptocurrency is currently on bearish momentum by 20.47% in the last 7 days. At 12:41 EST on Thursday, 10 June, Bitcoin Cash ABC (BCHA-USD) is at $20.01.
Volume
Today’s last reported volume for Bitcoin Cash ABC is 4216761 which is 78.3% below its average volume of 19435339.37.
All TIme High and Low
Bitcoin Cash ABC’s current value is at $20.01 which is 65.23% below its all time high of $57.59 at Monday, 10 May.
Bitcoin Cash ABC’s current value is at $20.01 which is 117.43% above its all time low of $57.59 at Sunday, 15 November.
Market Cap and Supply
Bitcoin Cash ABC’s current market cap is at 374960553
Bitcoin Cash ABC (BCHA-USD) Range
Concerning Bitcoin Cash ABC’s daily highs and lows, it’s 11.54% up from its trailing 7 days low of $17.94 and 25.17% down from its trailing 7 days high of $26.74.
Volatility
Bitcoin Cash ABC’s last week, last month’s, and last quarter’s current volatility was 6.28%, 0.34%, and 10.58%, 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 12.56% (last week), 14.74% (last month), and 10.58% (last quarter), respectively.
News about Bitcoin
El Salvador is first to adopt Bitcoin as legal tender. According to Bloomberg Quint on Wednesday, 9 June, “El Salvador has become the first country in the world to formally adopt Bitcoin as legal tender after President Nayib Bukele said Congress approved his landmark proposal.”, “The 39-year-old leader has previously said that Bitcoin could boost the economy, help counter El Salvador’s low banking penetration rate and facilitate faster transfers for $6 billion of remittances a year.”
Bitcoin climbs as regulators propose banking capital rules. According to Bloomberg Quint on Thursday, 10 June, “The market got a brief lift on Wednesday, rallying 8% on the day, after El Salvador became the first country to formally adopt Bitcoin as legal tender.”
Is the Bitcoin bear market here? JPMorgan analysts seem to think so. According to FX Empire on Thursday, 10 June, “The analysts pointed out that in 2018 when Bitcoin’s price plunged by 74%, the Bitcoin futures curve was also in backwardation.”, “According to some analysts, retail investors shifting to altcoins is another sign that the Bitcoin bear market is close.”
More news about Bitcoin Cash ABC (BCHA-USD).
Read more:Bitcoin Cash ABC Cryptocurrency Negative By 20% In The Last 7 Days
