Bitcoin Cash Price: Short-term Gains can Push Value to $800 Again

2018-7-22 13:48

Making sense of the cryptocurrency markets is always a trivial undertaking. There is no reason for these markets to have gone through a bearish segment this week, even though that is exactly what happened. Today, the situation looks very different once again. All top currencies are surging, and it seems the Bitcoin Cash price will reclaim $800 soon.

Positive Bitcoin Cash Price Momentum is Needed

When the Bitcoin price goes in the green, it is evident the rest of the cryptocurrencies will follow pretty quickly. In the case of the Bitcoin Cash price, it has become apparent things are still looking pretty good right now. Thanks to a modest increase in value over the past 24 hours, the Bitcoin Cash price is on the verge of surpassing $800 in the coming hours.

These past 24 hours have resulted in a 3.2% gain. For Bitcoin Cash speculators, that is a more than welcome development after a few rough days. There is still a good chance all markets will go through a brief correction later today, but for the time being, things look relatively promising. Short-term momentum is never an indication of how markets will evolve in the coming days, though.

As one would come to expect from this brief spell of positive momentum, there is a likely chance Bitcoin Cash will continue to note gains over Bitcoin. As of right now, there is a 1.44% increase in the past 24 hours in favor of the altcoin. If this trend keeps up, the BCH/BTC ratio can potentially return to 0.11 in the coming days.

Sundays are usually a terrible day for cryptocurrency trading volume. This day is no different, as overall volume has declined to under $11bn. This is not causing major issues for Bitcoin Cash just yet, though, as the altcoin still benefits from a $490.43m worth of trading volume. That in itself is a pretty positive trend, all things considered. It may just be sufficient to keep the Bitcoin Cash price in the green for a while longer.

Looking over the exchanges, it is evident OKEx still tries to maintain its dominant position on the market. Succeeding in this mission may prove to be rather difficult, as RightBTC, EXX, and HitBTC are not that far behind. So far, there is no fiat currency pair in the top 10 for Bitcoin Cash, which can cause a lot of issues in the coming hours.

A positive Sunday can help the market sentiment turn around in the coming days. This week has not been overly successful by any means, as it is evident the markets have seen major setbacks for no apparent reason. Turning that situation around is still possible, as it seems the institutional demand for cryptocurrencies is picking up steam. When that demand materializes in big gains, things will definitely get very interesting.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Cashcoin (CASH) на Currencies.ru

$ 0.0004289 (+0.63%)
Объем 24H $2
Изменеия 24h: -19.83 %, 7d: -30.46 %
Cегодня L: $0.0004262 - H: $0.0005443
Капитализация $22.93k Rank 99999
Цена в час новости $ 0.0110029 (-96.1%)

again bitcoin markets price cash situation very

Источник: nulltx.com

again bitcoin → Результатов: 126


Why Analyst That Called Bitcoin’s $3,200 Bottom Expects a “Face-Melting” Move

After a multi-day consolidation around $9,000, Bitcoin is finally breaking out again. Thursday morning saw the cryptocurrency hit $9,400, revisiting the highs of last week as bulls step in. While the ever-important $9,400-9,500 zone has held as macro resistance yet again, the asset is coiling for a breakout. And according to a top analyst, one...

2020-5-7 14:00


Фото:

Dr. Doom: Bitcoin Will Be Worth $100 in Ten Years Time

Even with the recent bitcoin price slump, crypto doomsday predictors such as Nouriel Roubini and his colleagues are determined to make sure the entire digital currency markets never moon again. In the latest development, more renowned economists have argued that governments’ harsh regulatory policies on cryptos would make bitcoin and other cryptocurrencies worthless soon.

2018-7-13 21:00


Фото:

Ignorance is Bliss! Reactionary Economists Keep Yelling at Bitcoin

Joseph Stiglitz, Nouriel Roubini, and Kenneth Rogoff have once again come out of the woodwork to attack Bitcoin — though they might need to get their facts straight.   ‘No Government Can Allow That’ Joseph Stiglitz, a Nobel Prize-winning economist and professor at Columbia University, believes Bitcoin will be shut down by governments around the world — while illustrating a serious lack of knowledge on what Bitcoin even is.

2018-7-9 21:00


Фото:

‘Miners Are Miners Again’: Bitcoin Core Dev Launches Alternative Mining Protocol

Bitcoin core developer Matt Corallo has launched a mining pool which aims to increase decentralization as Bitcoin mining becomes increasingly monopolized. Corallo: Miners ‘Have No Control’ Beginning June 25 but still with what Corallo describes as “vulnerabilities,” the pool uses BetterHash, a protocol which seeks to offer mining pool users the option to use their own block templates rather than those prescribed by pool owners.

2018-7-3 20:00


Фото:

Bitcoin May Bounce from $3k to $50k This Year, Says BitMEX Co-founder

BitMEX co-founder Arthur Hayes has once again reiterated his prediction that the price of Bitcoin will reach $50,000 by the end of the year — but maybe not before exploring lows around $3,000. ‘One Positive Regulatory Decision Away’ Arthur Hayes, co-founder of cryptocurrency trading platform BitMEX, has doubled down on his year-end prediction for bitcoin late last week, telling CNBC’s “Fast Money” that the market leader will hit $50,000 before the year is through — but Read More The post Bitcoin May Bounce from $3k to $50k This Year, Says BitMEX Co-founder appeared first on Bitcoinist.com.

2018-7-2 13:00


Фото:

Bitcoin To ‘Disappear In A Puff Of Smoke?’ — Or Are The Fires Just Getting Stoked?

The bears are again out in full force, grumbling on about the impending death of Bitcoin.   History and fundamentals suggest that the cryptocurrency is far from becoming ‘wiped out. ’ ‘A Puff Of Smoke’ I’ve been reading a lot of news lately about the declining price of Bitcoin and have received some ‘I told you so’s’ from nay-sayers claiming that once again, ‘Bitcoin is dead.

2018-7-2 04:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Cash Price Turns Bullish yet BCH Hate Won’t Subside

With most of the cryptocurrency markets still subjected to a fair bit of bearish pressure, it is rather uncommon to see one market pull ahead of the competition. For some unknown reason, the Bitcoin Cash price is still rising in spectacular fashion.

Bitcoin Cash Price Surpasses $155 as Bulls Remain in Control

When virtually all cryptocurrency markets are moving up simultaneously, it is a matter of time until some altcoins get ahead of the pack. Today, it seems as if Bitcoin Cash is effectively noting the strongest gains in the top 10, which comes as a big surprise to a lot of people.

Bitcoin Cash Price Drops by $30 After Hitting $220 This Morning

When all other cryptocurrencies face a bit of bearish pressure, Bitcoin Cash seemingly continues to do its own thing. That is a rather interesting development worth keeping an eye on. Over the past few days, this altcoin has surged tremendously, and it seems the $200 target is still valid.

Bitcoin Cash Price Gains 37% and Hits $165

When the overall cryptocurrency market momentum turns as uber bullish as it is right now, it appears all bets are off. The Bitcoin Cash price, for example, is pretty interesting to keep an eye on as of right now.