Bitcoin Cash 4 Hour Price Update
Updated August 09, 2020 07:18 PM GMT (03:18 PM 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 298.3 US dollars, up 0.58% ($1.72) since the last 4 hour candle. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 3rd for the four-hour candle in terms of price change relative to the last 4 hour candle.
Bitcoin Cash Daily Price Recap
Bitcoin Cash entered today at $304.89, up 0.85% ($2.58) from the previous day. 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 previous day in terms of percentage price change. The daily price chart of Bitcoin Cash below illustrates.
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 14 days Bitcoin Cash’s price has gone up 9 them.
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 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.”
As for a news story related to Bitcoin Cash getting some buzz:
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.