Bitcoin Cash 4 Hour Price Update

Updated July 11, 2020 11:18 AM GMT (07:18 AM EST)

Bitcoin Cash is down 0.73% ($1.73) since the previous 4 hours, marking the 3rd candle in a row a decline has happened. Out of the 5 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 4th for the four-hour candle in terms of price change relative to the previous 4 hours.

The choppiness in the recent daily price action of Bitcoin Cash continues; to start today, it came in at a price of 238.29 US dollars, up 0.06% ($0.15) since the day prior. The change in price came along side change in volume that was down 32.78% from previous day, but up 7.38% from the Friday of last week. Relative to other instruments in the Top Cryptos asset class, Bitcoin Cash ranked 2nd since the day prior in terms of percentage price change. Here is a daily price chart of Bitcoin Cash.

Notably, Bitcoin Cash is now close to its 20, 50 and 100 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 6 out of the past 10 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

Behold! Here are the top tweets related to Bitcoin Cash:

21 days to #Bitcoin fork day.On August 1st, 2017 after a long community debate on how to better scale Bitcoin, a hard fork was made in the Bitcoin blockchain, resulting in BCH & BTC.Bitcoin Cash enables an increased volume of trades per second to speed up txns. & lower fees.

@cryptoo_moon @BitcoinCom The only thing thats dead is the dream of #bitcoin.Oh, waitIts alive and well in Bitcoin Cash.The truth hurts, I know.

@rogerkver Bitcoin cash will never be bitcoin!

For a longer news piece related to BCH thats been generating discussion, check out:

TikTok Dogecoin Operation Explodes; Chainalysis Raises $13 Million; Tether Mints $6 Million on Bitcoin Cash CoinSpice

Tether, the stablecoin company, appears to have started distributing its SLP version of USDT by minting $6 million worth on top of the Bitcoin Cash blockchain.For example, Karen deposits an asset such as USDT to @AaveAave and delegates her credit line to Chad, who draws funds such as ETH from Aave Protocol.The system use credit delegation, where traders collateralized a position and then use it to delegate a credit line to another user that will be the one to draw the resources from the Aave platform.

Original post:

Bitcoin Cash (BCH) Down $1.73 Over Past 4 Hours, Entered Today Up 0.06%; Eyes 50 and 100 Day Averages - CFDTrading