2021-03-13 07:04:37

Cardano USD (ADA-USD) On Bullish Momentum: 5.22% Up In The Last 6 Hours

Cardano USD (ADA-USD) is currently on bullish momentum. At 02:03 EST on Saturday, 13 March, Cardano USD (ADA-USD) is at $1.06 and up by 5.22% in the last 6 hours.

Cardano USD (ADA-USD) Range

Over the last six hours, Cardano USD (ADA-USD)’s higher value was $1.07 and the lower value was $1.01.

Over the last twelve hours, Cardano USD (ADA-USD)’s higher value was $1.07 and the lower value was $1.01.

About Cardano USD (ADA-USD)’s daily highs and lows, it’s 4.762% up from its trailing 24-hour low of $1.01 and 4.676% down from its trailing 24-hour high of $1.11.

Regarding Cardano USD (ADA-USD)’s yearly highs and lows, it’s 4666.216% up from its 52-week low and 28.347% down from its 52-week high.

Volatility

Cardano USD (ADA-USD)’s last day, last week, and last month’s average volatility was 8.25%, 3.75%, and 4.67%, respectively.

Cardano USD (ADA-USD)’s last day, last week, and last month’s high and low average amplitude percentage was 9.23%, 6.50%, and 13.59%, 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, “That means that as new accredited investors plowed into the fund and boosted outstanding GBTC to a record high, those shares are now exiting the lock-up period at a time when demand for Bitcoin is fluctuating.”, “Additionally, for institutional investors whose fund mandates might not allow them to purchase Bitcoin directly, GBTC provides an entry point.”

Firm behind biggest Bitcoin trust is hiring entire ETF team. According to Bloomberg Quint on Thursday, 11 March, “The Purpose Bitcoin ETF (ticker BTCC), which launched one day ahead of Evolve Fund Group’s Bitcoin ETF (EBIT), well exceeded its peer in trading volume.”, “It’s more of a question on when the SEC will approve a Bitcoin ETF, not if.”

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, “China accounts for about 65% of global Bitcoin mining computing power, according to the Bitcoin Electricity Consumption Index compiled by Cambridge University. “, “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.”

Bitcoin hoard fuels one of the world’s biggest crypto fortunes. According to Bloomberg Quint on Friday, 12 March, “That is the environment that led us to decide we should consider Bitcoin as a treasury reserve asset.”, “When MicroStrategy increased its Bitcoin holding, it held a Dutch auction to give shareholders time to sell their stock.”

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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