2021-03-13 02:04:40

Cardano USD (ADA-USD) On Bearish Momentum: 11.11% Down In The Last 24 Hours

Cardano USD (ADA-USD) is currently on bearish momentum. At 21:03 EST on Friday, 12 March, Cardano USD (ADA-USD) is at $1.01 and down by 11.11% in the last 24 hours.

Cardano USD (ADA-USD) Range

Over the last six hours, Cardano USD (ADA-USD)’s higher value was $1.04 and the lower value was $1.01.

Over the last twelve hours, Cardano USD (ADA-USD)’s higher value was $1.08 and the lower value was $1.01.

About Cardano USD (ADA-USD)’s daily highs and lows, it’s 0.436% down from its trailing 24-hour low of $1.01 and 10.214% down from its trailing 24-hour high of $1.12.

Concerning Cardano USD (ADA-USD)’s yearly highs and lows, it’s 5164.921% up from its 52-week low and 31.902% down from its 52-week high.

Volatility

Cardano USD (ADA-USD)’s last day, last week, and last month’s average volatility was 0.91%, 3.26%, and 5.47%, respectively.

Cardano USD (ADA-USD)’s last day, last week, and last month’s high and low average amplitude percentage was 2.39%, 7.29%, and 14.42%, respectively.

News about Bitcoin

Bitcoin breaks through $55,000 as risk appetite revives. According to Bloomberg Quint on Wednesday, 10 March, “Growing talk of institutional interest in Bitcoin and the possibility that U.S. stimulus checks will bolster flows into financial markets are combining to lift cryptocurrencies. “, “In China, a lot of high net worth individuals have been inquiring on how to add Bitcoin to their portfolio.”

‘slam dunk’ Bitcoin arbitrage fizzles for biggest crypto fund. According to Bloomberg Quint on Wednesday, 10 March, “Additionally, for institutional investors whose fund mandates might not allow them to purchase Bitcoin directly, GBTC provides an entry point.”, “And for those investors looking for Bitcoin exposure outside of signing up for a crypto exchange or setting up a digital wallet, GBTC — which can be bought and sold on brokerage platforms — provides an easy solution. “

Firm behind biggest Bitcoin trust is hiring entire ETF team. According to Bloomberg Quint on Thursday, 11 March, “Though Grayscale has filed to create an ETF in the past, the firm doesn’t currently have an active filing with the SEC for a Bitcoin or crypto-related ETF. “, “The race to launch the first Bitcoin ETF is heating up,” said Todd Rosenbluth, director of ETF research for CFRA Research. “

Bitcoin approaches record high as risk-on rally accelerates. According to Bloomberg Quint on Thursday, 11 March, “Industry participants, however, argue that the rise of institutional adoption will prevent that fate, especially Tesla Inc.’s $1.5 billion investment in Bitcoin and CEO Elon Musk’s endorsements of the digital asset on social media. “, “Billionaire investor Mike Novogratz, who runs Galaxy Digital Holdings Ltd., has said that Bitcoin could reach $100,000 by the end of the year.”

Bitcoin intraday trading pattern emerges as institutions pile in. According to Bloomberg Quint on Friday, 12 March, “There are signs of growing institutional interest in Bitcoin after famed investors like Paul Tudor Jones, Stan Druckenmiller and Howard Marks endorsed the digital asset, and as the idea that portfolios can benefit from a crypto allocation gains traction.”, “China accounts for about 65% of global Bitcoin mining computing power, according to the Bitcoin Electricity Consumption Index compiled by Cambridge University. “

Bitcoin hoard fuels one of the world’s biggest crypto fortunes. According to Bloomberg Quint on Friday, 12 March, “Saylor equated Bitcoin to a bank – that’s just ridiculous,” said Marc Lichtenfeld, chief income strategist at the Oxford Club, a financial-research firm that has no stake in MicroStrategy. “, “Saylor’s appetite to acquire Bitcoin didn’t stop after the company’s first purchase. “

Bitcoin snaps five-day rally after flirting with record high. According to Bloomberg Quint on Friday, 12 March, “While some say that Bitcoin is a stimulus-fueled bubble likely to burst, industry participants argue that institutional adoption will prevent Bitcoin from plummeting from its highs as was witnessed in 2017-2018.”

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