Bitcoin Cash 4 Hour Price Update
Updated August 09, 2020 11:18 AM GMT (07:18 AM EST)
The choppiness in the recent four-hour candle price action of Bitcoin Cash continues; to start the current 4 hour candle, it came in at a price of 307.45 US dollars, up 0.42% ($1.28) since the last 4 hour candle. Bitcoin Cash outperformed all 5 assets in the Top Cryptos asset class since the last 4 hour candle. Congrats to its holders!
Bitcoin Cash Daily Price Recap
304.89 (USD) was the opening price of the day for Bitcoin Cash, resulting in the day prior being one in which price moved up 0.85% ($2.58) from the day prior. This move happened on lower volume, as yesterday’s volume was down 70.56% from the day before — and down 62.81% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 4th since the day prior in terms of percentage price change. Below is a daily price chart of Bitcoin Cash.
Bitcoin Cash Technical Analysis
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 30 days Bitcoin Cash’s price has gone up 16 them.
Overheard on Twitter
Over on Twitter, here were the top tweets about Bitcoin Cash:
- From lite_hause:
I love what @Grayscale is doing, but— you also have to ask yourself if they really know what they’re doing holding so much Ethereum Classic. It was 51% attacked twice in one week.Bitcoin Cash also has a significant risk of being 51% attacked. Sticking to BTC and LTC 🤙🏼
- From micropresident:
I just want to make it very *very* clear. Come November 15th, I will not be buying any Bitcoin Cash from miners who do not pay the 8% fee to the Bitcoin Cash Foundation.
- From vinarmani:
#Bitsheviks: “Everyone who disagrees with The Party is a state actor, colluding with the government against Bitcoin Cash.”Also #Bitsheviks: “We really need a Bitcoin Cash government to control what code developers publish, and The Party leadership will be in charge of it.”
In terms of news links for Bitcoin Cash here’s one to try:
Yesterday, Litecoin Foundation director David Schwartz noted the cryptocurrency had over 92,278 active wallets in the past 24 hrs (from August 6-7); putting it ahead of both Bitcoin Cash and BSV ( the two had 90,446 in total)….The latter gives away transactional information that allows firms like Chainalysis to tie transactions to an individual. But last year, Litecoin founder Charlie Lee said confidential transactions were soon coming to Litecoin: Fungibility is the only property of sound money that is missing from Bitcoin & Litecoin….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….None of the information you read on CryptoSlate should be taken as investment advice.