Bitcoin (BTC) Up $24.29 Over Past 4 Hours, Fares the Worst Out of Top Cryptos to Start the Day; Started Today Down 6.73%

By June 3, 2020Bitcoin Business
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Bitcoin 4 Hour Price Update

Updated June 03, 2020 11:18 PM GMT (07:18 PM EST)

Bitcoin closed the last 4 hour candle up 0.25% ($24.29); this denotes the 2nd candle in a row it has gone up. Relative to other instruments in the Top Cryptos asset class, Bitcoin ranked 3rd since the last 4 hour candle in terms of percentage price change.

Bitcoin Daily Price Recap

The choppiness in the recent daily price action of Bitcoin continues; to start today, it came in at a price of 9523.75 US dollars, down 6.73% ($687.48) since the day prior. As for how volume fared, yesterday’s volume was up 86.69% from the previous day (Monday), and up 130.24% from Tuesday of the week before. Those trading within the Top Cryptos asset class should know that Bitcoin was the worst performer in the class during the day prior. Here is a daily price chart of Bitcoin.

Bitcoin Technical Analysis

Coming into today the current price of Bitcoin is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For another vantage point, consider that Bitcoin’s price has gone up 5 of the previous 10 trading days.

Overheard on Twitter

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Bitcoin for the past day were:

  • From matt_odell:

    Bitcoin won’t solve existing inequality magically but it gives you the guarantee of a ‘fair’ money system. One that isn’t easily corrupted by those with power. All participants are on equal footing.You don’t win a rigged game by playing it. You win by playing a different game.

  • From nebraskangooner:

    Last night I had a dream that #bitcoin dumped straight to $2957 but I didn’t buy any because I was waiting for LTC to dip too. LTC only dipped to $32 so none of my bids filled. I went to buy Bitcoin instead and it was already back to $4500 and LTC was back to $45 in minutes

  • From PrestonPysh:

    So here’s my recommendation. Read these books:
    Bitcoin and Black America – By @bitcoinzay
    The Bitcoin Standard – By @saifedean
    The Price of Tomorrow – By @JeffBooth Everyone, take peaceful command of your future through the only sword which can supply it – pure knowledge.

For a longer news piece related to BTC that’s been generating discussion, check out:

Bitcoin Core connects to several peers (other Bitcoin nodes) on the Bitcoin network….(Mapping IP addresses into Network Operators’ Groups remains the default configuration for now, however.) Reject Messages (BIP61) are notifications that a node returns when a transaction it received from a peer is rejected, and why….BIP61 Reject Messages had therefore already been disabled by default in Bitcoin Core 0.18.0. Bitcoin 0.20.0 has now removed the feature completely….Bitcoin Core 0.20.0 has now completely removed the Payment Protocol.

Updated June 03, 2020 11:18 PM GMT (07:18 PM EST)

Bitcoin closed the last 4 hour candle up 0.25% ($24.29) ; this denotes the […]

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