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Ripple is currently on bearish momentum. At 10:03 EST on Wednesday, 24 February, Ripple is at $0.47 and down by 5.01% in the last 6 hours.

Ripple Range

Over the last six hours, Ripple’s higher value was $0.49 and the lower value was $0.47.

Over the last twelve hours, Ripple’s higher value was $0.50 and the lower value was $0.47.

In relation to Ripple’s daily highs and lows, it’s 4.244% up from its trailing 24-hour low of $0.45 and 6.18% down from its trailing 24-hour high of $0.50.

Regarding Ripple’s yearly highs and lows, it’s 307.559% up from its 52-week low and 38.919% down from its 52-week high.

Volatility

Ripple’s last day, last week, and last month’s average volatility was 20.71%, 7.20%, and 7.68%, respectively.

Ripple’s last day, last week, and last month’s high and low average amplitude percentage was 50.54%, 19.07%, and 15.99%, respectively.

News about Bitcoin

Bitcoin stocks are possibly the dumbest Bitcoin play. According to Bloomberg Quint on Sunday, 21 February, “Unfortunately, as my Bloomberg News colleagues Crystal Kim and Tom Contiliano pointed out, its sharestradeat about a 50% premium to the price of Bitcoin -and that was after a 25% plunge in the stock from its Feb. 9 high. “, “It would be akin to buying Bitcoin at $75,019 apiece when it was trading at $49,000, they wrote. “

Raging success of first Bitcoin fund shows who leads ETF market. According to Bloomberg Quint on Sunday, 21 February, “If and when a Bitcoin ETF finally arrives in the U.S., growth could be explosive. “, “I wouldn’t necessarily generalize the U.S. is always behind, it’s just Bitcoin is an incredibly hot topic and it might be a special case.”

Tesla is ideally positioned to become the world’s most important Bitcoin bank. According to Business Insider on Sunday, 21 February, “The Elon Musk Bank of Bitcoin is officially open for business – and don’t be shocked if business starts to boom.”

Bitcoin rally faces potential test from falling market liquidity. According to Bloomberg Quint on Monday, 22 February, “The rally in Bitcoin that took the digital token to a fresh peak over the weekend could face a test from declining liquidity in the market for the largest cryptocurrency.”, “That’s consistent with “much lower liquidity in Bitcoin than in gold,” he said.”

Forget Bitcoin or Tesla. muni bonds are the king of costly.. According to Bloomberg Quint on Monday, 22 February, “Believe it or not,the $3.9trillion municipal-bond market and Bitcoin have muchin common.”, “It’s certainly fair to argue that Bitcoin isn’t worth more than $50,000, or that shares of Tesla Inc. shouldn’t be trading at more than1,000 times earnings.”

Bitcoin ETF sellers in Sweden urged to avoid average consumers. According to Bloomberg Quint on Monday, 22 February, “Exchange-traded crypto-tracking products exist in Europe and a Bitcoin ETF opened in February in Canada. “, “Sweden is home to the largest Bitcoin exchanged-traded product: The $1.7 billion Bitcoin Tracker EUR, which invests in swap contracts to mirror the cryptocurrency’s returns, is listed on the Stockholm Stock Exchange.”

Bitcoin pulls back from record as prices give up weekend gains. According to Bloomberg Quint on Monday, 22 February, “In February alone, Bitcoin is up more than 60%, prompting commentary that the run-up is excessive. “, “So it’s also possible that prices fell on Monday as institutional crypto traders, who follow normal business hours, responded to Elon Musk’s Saturday tweet that Bitcoin prices “seem high.”

Bitcoin declines after musk hints that prices are excessive. According to Bloomberg Quint on Monday, 22 February, “Microsoft Corp. co-founder Bill Gates said in an interview with Bloomberg Television’s Emily Chang that he isn’t a fan of Bitcoin, either for environmental reasons — it uses a lot of energy — or for individual investors not named Elon Musk.”Elon has tons of money and he’s very sophisticated so I don’t worry that his Bitcoin will sort of randomly go up or down,” Gates said. “, “In February alone, Bitcoin was up more than 60%, prompting commentary that the run-up is excessive. “

According to Business Insider on Monday, 22 February, “At this point, our belief is: Bitcoin is not a question of if, but when,” Demirors said.”, “The size of the Bitcoin market recently shot past $1 trillion as it hit a record high of $58,354. “

Bitcoin plunges 8% as record-shattering rally succumbs to valuation fears. According to Business Insider on Monday, 22 February, “Based on our calculations, we estimate that Tesla so far has made roughly $1 billion of profit over the last month from its Bitcoin investment given the skyrocketing price of Bitcoin, which now tops a trillion of market value,” analyst Dan Ives wrote in a note published Saturday.”

Bitcoin tanks 10% after Elon Musk says prices seem high. According to CNBC on Monday, 22 February, “Tesla is “on a trajectory to make more from its Bitcoin investments than profits from selling its EV (electric vehicle) cars in all of 2020,” Ives estimated in a note published Saturday.”

According to MarketWatch on Monday, 22 February, “One major study indicated only a small percentage of Bitcoin transactions are used in illicit transactions, however, and supporters also point out the same is true of the dollar. “

Elon Musk’s Bitcoin tweet hurts Tesla’s own bet in currency. According to Bloomberg Quint on Monday, 22 February, “Both recovered from the lows, with Bitcoin down about 8.4% to $52,534 and Tesla off 4.7% to $744.68 as of 1:48 p.m. in New York.”, “That reflected a total worth of about $2.4 billion on Sunday’s Bitcoin price and of about $2 billion at Monday’s low.”

Bitcoin mine operator is said to plot dual listing via U.S. IPO. According to Bloomberg Quint on Monday, 22 February, “Northern Data AG, the operator of the world’s largest Bitcoin mine, is working with Credit Suisse Group AG on plans for a U.S. listing that could raise as much as $500 million, according to people familiar with the matter.”, “Led by Chief Executive Officer Aroosh Thillainathan, the firm started as a Bitcoin miner but later shifted to operating the mines on behalf of clients. “

Elon Musk loses $15 billion in a day after Bitcoin warning. According to Bloomberg Quint on Monday, 22 February, “Tesla’s decline was fueled in part by Musk’s comments over the weekend that the prices of Bitcoin and smaller rival Ether “do seem high.” His message — via his favored medium of Twitter — came two weeks after Tesla announced it has added $1.5 billion in Bitcoin to its balance sheet.”

According to Business Insider on Tuesday, 23 February, “Bottlepay gained attention previously for allowing users to send small amounts of Bitcoin using social media channels such as Telegram. “, “Launching when Bitcoin is gaining so much interest and publicity can only help increase brand awareness and interest in our product.”

Bitcoin retreats after swings highlighted the risk of volatility. According to Bloomberg Quint on Tuesday, 23 February, “Gates cautioned about how investors can be swept up in manias, while Yellen said Bitcoin is an “extremely inefficient way of conducting transactions.”, “In recent tweets, Musk said Bitcoin prices “seem high,” having earlier called it a “less dumb” version of cash.”

Bitcoin tumbles below $50,000 as caution about rally takes hold. According to Bloomberg Quint on Tuesday, 23 February, “Gates and Yellen muscled in on a Bitcoin discussion that of late had been dominated by Tesla Inc. Chief Executive Officer Elon Musk. “, “In recent tweets, Musk said Bitcoin prices “seem high,” having earlier called it a “less dumb” version of cash.”

Bitcoin needs a safe space for redditors to play. According to Bloomberg Quint on Tuesday, 23 February, “The ETF market is an ideal playpen for Bitcoin to either thrive as it gains mainstream acceptance, or wither as its critics are proven correct in their skepticism aboutits worth as a store of value or its transactional utility.”, “Fervent demand for the Purpose Bitcoin exchange-traded fund launched in Canada last week is no surprise. “

Bitcoin is on the verge of a bear market. should you buy in now?. According to MarketWatch on Tuesday, 23 February, “Read: Bitcoin drops further below key $50,000 level after Yellen calls it ‘extremely inefficient’”

Bitcoin bet sparks rally at Japan’s most expensive brokerage. According to Bloomberg Quint on Wednesday, 24 February, “Even after a pullback during a sell-off in Bitcoin in recent days, Monex is the most expensive stock on an index of Japanese securities companies, with a price of more than three times the book value of its assets.”, “The soaring price of Bitcoin has spurred trading activity and encouraged more individual investors to jump into the fray.”

Bitcoin climbs past $50,000 after backing from ark’s cathie wood. According to Bloomberg Quint on Wednesday, 24 February, “Tesla Inc. Chief Executive Officer Elon Musk in recent tweets said Bitcoin prices “seem high,” having earlier called it a “less dumb” version of cash. “, “Treasury Secretary Janet Yellen said Bitcoin is an “extremely inefficient way of conducting transactions.”

Bitcoin climbs after renewed backing from ark’s cathie wood. According to Bloomberg Quint on Wednesday, 24 February, “Tesla Inc. Chief Executive Officer Elon Musk in recent tweets said Bitcoin prices “seem high,” having earlier called it a “less dumb” version of cash. “, “Treasury Secretary Janet Yellen said Bitcoin is an “extremely inefficient way of conducting transactions.”

(Excerpt) Read more Here | 2021-02-24 08:03:00

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