您现在的位置是:Bitcoin Cash price: BCH badly lags BTC amid safe >>正文
Bitcoin Cash price: BCH badly lags BTC amid safe
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛168人已围观
简介Bitcoin Cashprice drifted sideways on Monday even as investors started seeing cryptocurrencies as sa...
Bitcoin Cashprice drifted sideways on Monday even as investors started seeing cryptocurrencies as safe havens amid the ongoing crisis in the banking sector. The BCH price was trading at $136, which was the highest level since February 23rd.
BCH lags BTC
A key observation is that the close correlation between Bitcoinand Bitcoin Cash has ended. While BCH price is trading at the highest point since February, Bitcoin price has soared to $28,000, the highest point since July last year. It has almost doubled from its lowest level in 2022, making it one of the best-performing assets this year.
Bitcoin has been in a strong trend as some investors increase their bets that the asset will do well as banks continue collapsing. Silicon Valley Bank, a storied American bank, collapsed after announcing an emergency funding round. It was followed by the collapse of Signature Bank, a company that focused on technology and crypto customers.
The biggest bank to fail was Credit Suisse, the second-biggestSwiss bank in the world. The firm was acquired by UBS in a $3.3 billion all-stock deal as the amount of outflows increased to over $10 billion per day. Without the rescue, Swiss regulators would have forced to shut it or nationalize it.
It is unclear whether more banks will fail in the near term. However, a study published by researchers from the University of Southern California, Northwestern University, and Stanford University warned that 190 banks could fail because of their exposure to long-dated bonds.
If this view is correct, then, it will be likely that more people will shift their cash to uncorrelated assets like gold and Bitcoin. BHC, with its lower liquidity and interest, will likely lag Bitcoin in the near term.
Bitcoin Cash price prediction
BCH chart by TradingView
The BCH crypto price has been in a slow bullish trend in the past few days. In this period, it has managed to move above the key level at a 50-day moving average. It is also struggling to move above the year-to-date high of $153.92. The MACD has moved above the neutral point.
Therefore, there is a possibility that the Bitcoin Cash price will continue rising as buyers target the next key resistance point at $153. A move below the 50-day moving average of $125 will invalidate the bullish view.
How to buy Bitcoin Cash
eToro
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Open AccountPublic
Public is an investing platform that allows you to invest stocks, ETFs, crypto, and alternative assets like fine art and collectibles—all in one place.
Buy BCH with Public todayTags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/516316.html
相关文章
Hedera Hashgraph price recovery has taken a breather. Is it a buy?
Bitcoin Cash price: BCH badly lags BTC amid safeHederaHashgraph (HBAR/USD) price retreated sharply in the past few days as cryptocurrencies retreate...
阅读更多
KuCoin and Univers partner for metaverse interconnectivity
Bitcoin Cash price: BCH badly lags BTC amid safeKuCoin’s incubation and investment arm KuCoin Labs will take part in an incubation program wit...
阅读更多
TRON DAO Ventures to Empower Elite Blockchain Startups
Bitcoin Cash price: BCH badly lags BTC amid safeGeneva, Switzerland, 20th December, 2022, ChainwireTRON DAO Ventures(TDV) exists to discover elite s...
阅读更多
热门文章
- Bitcoin and altcoins fall as risk aversion hits on news Trump has COVID
- CEL rallied by more than 28% in the last 24 hours
- Crypto Transactions Between Latin America & Asia Are Growing
- Enjin Coin (ENJ) and Metacade (MCADE) Set to Break Records in 2023
- Majority Of DeFi Tokens Have Lost 60% Of Value In 30 Days
- Celsius' bankruptcy is not surprising, Tezos co
最新文章
CEL rallied by more than 28% in the last 24 hours
Bitwage’s Stellar implementation will improve millions of lives
BTC stays above $20k despite losing 5% of its value this week
Dogecoin tests resistance as trading volumes soar and buyer interest rise
InterPop says its trading card game is now in public beta
Hive Price Has Skyrocketed Recently. Is it a Good Buy?