Cardano USD (ADA-USD) On Bearish Momentum: 5.21% Down In The Last 6 Hours

2021-03-02 02:04:33

Cardano USD (ADA-USD) is currently on bearish momentum. At 21:03 EST on Monday, 1 March, Cardano USD (ADA-USD) is at $1.23 and down by 5.21% in the last 6 hours.

Cardano USD (ADA-USD) Range

Over the last six hours, Cardano USD (ADA-USD)’s higher value was $1.31 and the lower value was $1.23.

Over the last twelve hours, Cardano USD (ADA-USD)’s higher value was $1.31 and the lower value was $1.23.

Concerning Cardano USD (ADA-USD)’s daily highs and lows, it’s 0.049% up from its trailing 24-hour low of $1.23 and 6.061% down from its trailing 24-hour high of $1.31.

Concerning Cardano USD (ADA-USD)’s yearly highs and lows, it’s 6342.932% up from its 52-week low and 16.666% down from its 52-week high.

Volatility

Cardano USD (ADA-USD)’s last day, last week, and last month’s average volatility was 1.28%, 7.30%, and 7.02%, respectively.

Cardano USD (ADA-USD)’s last day, last week, and last month’s high and low average amplitude percentage was 16.72%, 24.44%, and 17.19%, respectively.

News about Bitcoin

According to Business Insider on Saturday, 27 February, “Wood, whose firm holds more thanseven million shares in the Grayscale Bitcoin Trust, believes that the digital token still has “trillions of dollars of market cap potential.”

5 reasons Bitcoin is superior to gold. According to Business Insider on Saturday, 27 February, “Legal Tender: Bitcoin is only 12 years old, but it is already a payment option at many places … with more joining the list each day. “, “Transferability: Bitcoin is a digital asset, so it can be sent via the internet to anyone around the world with a connected device. “

Bitcoin whales are a mixed blessing. According to Bloomberg Quint on Sunday, 28 February, “On the other hand, if Bitcoin is to become a sovereign currency that overthrows legacy banking, it needs the price stability that comes from being on a lot of institutional balance sheets.”, “In a recent interview, MicroStrategy CEO Michael Saylor compares Bitcoin self-custody to handling an explosive device: “It’s like finding three of your employees and giving each one some nitroglycerin. “

Bitcoin rises after China region declares war on crypto mining. According to Bloomberg Quint on Monday, 1 March, “The region accounted for 8% of global Bitcoin mining computing power, according to the Bitcoin Electricity Consumption Index compiled by Cambridge University. “

Bitcoin is at a tipping point and could become ‘currency of choice’ for global trade, citi says. According to CNBC on Monday, 1 March, “There are a host of risks and obstacles that stand in the way of Bitcoin progress,” the U.S. investment bank’s global perspectives and solutions team wrote in a note Monday.”, “For institutional investors, these include concerns over capital efficiency, insurance and custody, security, and ESG considerations from Bitcoin mining,” the bank added. “

Bitcoin rises as citi makes the case for a role in global trade. According to Bloomberg Quint on Monday, 1 March, “The sheer amount of energy needed to mine Bitcoin and the prospect that governments will create more obstacles for the largest cryptocurrency point to the token losing “most of its value over time,” BCA Research Chief Global Strategist Peter Berezin wrote in the report released Friday.”, “Citigroup’s full-throated backing of Bitcoin shows that crypto is continuing to win over the world’s biggest financial institutions. “

Bitcoin rises as Citigroup, goldman find allure hard to resist. According to Bloomberg Quint on Monday, 1 March, “The sheer amount of energy needed to mine Bitcoin and the prospect that governments will create more obstacles for the largest cryptocurrency point to the token losing “most of its value over time,” BCA Research Chief Global Strategist Peter Berezin wrote in the report released Friday.”, “Citigroup’s full-throated backing of Bitcoin shows that crypto is continuing to win over the world’s biggest financial institutions. “

Microstrategy raises Bitcoin holdings to more than $4 billion. According to Bloomberg Quint on Monday, 1 March, “MicroStrategy Inc.’s Michael Saylor purchased more Bitcoin to raise the enterprise-software company’s holdings to more than $4 billion.”, “Saylor has been one of a handful of chief executives to put Bitcoin on their balance sheets, saying the relaxation of the Federal Reserve’s inflation policy helped to sour him on cash. “

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