Bitcoin Cash ABC (BCHA-USD) The cryptocurrency is currently showing a 20.47% bearish momentum over the past 7 days. At 12:41 pm EST on Thursday, June 10, Bitcoin Cash ABC (BCHA-USD) is worth $ 20.01.
The latest published volume for Bitcoin Cash ABC today is 4,216,761, down 78.3% from its average volume of 19,435,339.37.
ALL TIME High and Low
The current value of Bitcoin Cash ABC is $ 20.01, down 65.23% from its all-time high of $ 57.59 on Monday, May 10.
Bitcoin Cash ABC’s current value is $ 20.01, up 117.43% from an all-time low of $ 57.59 on Sunday, November 15.
Market capitalization and supply
The current market cap of Bitcoin Cash ABC is 374960553.
Bitcoin Cash ABC (BCHA-USD) Range
In terms of Bitcoin Cash ABC’s daily highs and lows, that’s 11.54% above its final 7-day low of $ 17.94 and 25.17% below its final 7-day high of $ 26.74.
The current volatility of Bitcoin Cash ABC last week, last month and last quarter was 6.28%, 0.34% and 10.58%, respectively.
The current Bitcoin Cash ABC volatility rating, which measures how volatile a financial asset is (the difference between the lowest and highest value for a period), was 12.56% (last week), 14.74% (last month) and 10 , 58% (last quarter). , respectively.
El Salvador was the first to accept Bitcoin as legal tender. As reported by Bloomberg Quint on Wednesday June 9, “El Salvador became the first country in the world to officially accept Bitcoin as legal tender after President Nayyib Bukele said Congress had approved his landmark proposal,” “The 39-year-old leader is already did this. It was previously said that Bitcoin can stimulate the economy, help counter the low penetration of the El Salvadorian banking system, and facilitate faster transfers of $ 6 billion in remittances per year. “
Bitcoin is on the rise as regulators propose bank capital rules. According to Bloomberg Quint on Thursday, June 10, “The market rallied slightly on Wednesday, up 8% on the day after El Salvador became the first country to officially accept Bitcoin as legal tender.”
Is there a bitcoin bear market here? Analysts at JPMorgan seem to think so. According to a post from FX Empire on Thursday, June 10: “Analysts noted that in 2018, when the price of Bitcoin fell 74%, the Bitcoin futures curve was also in backwardation.” “According to some analysts, the move by retail investors to altcoins is another. a sign that the bitcoin bear market is close. “
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