2021-02-20 08:00:00

Cardano USD (ADA-USD) On Bullish Momentum: 6.58% Up In The Last 6 Hours

Cardano USD (ADA-USD) is currently on bullish momentum. At 12:03 EST on Saturday, 20 February, Cardano USD (ADA-USD) is at $1.13 and up by 6.58% in the last 6 hours.

Cardano USD (ADA-USD) Range

Over the last six hours, Cardano USD (ADA-USD)’s higher value was $1.13 and the lower value was $1.06.

Over the last twelve hours, Cardano USD (ADA-USD)’s higher value was $1.13 and the lower value was $1.04.

About Cardano USD (ADA-USD)’s daily highs and lows, it’s 22.609% up from its trailing 24-hour low of $0.92 and 0.177% down from its trailing 24-hour high of $1.13.

Regarding Cardano USD (ADA-USD)’s yearly highs and lows, it’s 5805.759% up from its 52-week low and 1.511% down from its 52-week high.

Volatility

Cardano USD (ADA-USD)’s last day, last week, and last month’s average volatility was 1.48%, 2.57%, and 6.59%, respectively.

Cardano USD (ADA-USD)’s last day, last week, and last month’s high and low average amplitude percentage was 6.61%, 11.83%, and 14.05%, respectively.

News about Bitcoin

Bitcoin jumps to all-time high as cryptocurrency fever continues. According to Bloomberg Quint on Wednesday, 17 February, “There are a number of reasons why Bitcoin is soaring, but what stands out most is the trend that MicroStrategy started and Tesla popularised: moving institutional balance sheets into Bitcoin to hedge against inflation,” said Nicholas Pelecanos, head of trading at NEM.”

Bitcoin scales $51,000 for the first time amid crypto fever. According to Bloomberg Quint on Wednesday, 17 February, “There are a number of reasons why Bitcoin is soaring, but what stands out most is the trend that MicroStrategy started and Tesla popularised: moving institutional balance sheets into Bitcoin to hedge against inflation,” said Nicholas Pelecanos, head of trading at NEM.”, “Activity in Bitcoin futures suggests traders don’t see a sudden end to the crypto rally, with spreads continuing to widen between the active contract and March futures, according to data compiled by Bloomberg.”

According to Business Insider on Wednesday, 17 February, “The UK’s Financial Conduct Authority said 199 firms – from Bitcoin ATM operators to online exchanges – had applied to register with it in the year to January after the watchdog tightened its supervision of the sector.”

Bitcoin smashes through $51,000 to hit a new all-time high. According to CNBC on Wednesday, 17 February, “Strategists at JPMorgan said in a note Tuesday that, unless bitcoin’s volatility starts to ebb, its current price “looks unsustainable.” Bitcoin and other cryptocurrencies have gained a reputation for their extreme price swings.”

According to Business Insider on Wednesday, 17 February, “The Evolve bitcoin ETF will track the regulated Bitcoin Reference Rate from CF Benchmarks.”, “Will the SEC finally decide that the time is right for a Bitcoin ETF?”

Jeffrey gundlach says Bitcoin May be a better bet than gold. According to Bloomberg Quint on Thursday, 18 February, “DoubleLine Capital LP chief and long-time gold bull Jeffrey Gundlach has changed his mind on the metal and considers Bitcoin a better trade.”, “Gundlach’s comments are another sign the investment case for Bitcoin is winning over institutional money managers and possibly siphoning cash from the gold market. “

First Bitcoin ETF in north america is launching in Canada. According to Bloomberg Quint on Thursday, 18 February, “No Bitcoin or crypto ETFs have managed to win approval in the U.S. yet, though VanEck Associates Corp. and Bitwise Asset Management have filings pending.”, “While Europe boasts several “physically backed” Bitcoin exchange-traded products that effectively function just like an ETF, BTCC is the first to carry the ETF designation and the first vehicle of its kind in North America. “

Bitcoin ETF roars in debut with $80 million of first-hour trades. According to Bloomberg Quint on Thursday, 18 February, “North America’s first Bitcoin ETF got off to a stellar start in its first day of trading, with investors exchanging $80 million worth of shares in the first hour.”, “The Purpose Bitcoin ETF (ticker BTCC), which debuted in Toronto on Thursday, invests directly in “physical/digital Bitcoin,” issuer Purpose Investments Inc. said in a statement. “

Long Bitcoin and short Tesla? here’s why Elon Musk ‘essentially’ made that case. According to Business Insider on Thursday, 18 February, “On Thursday, DataTrek Research co-founder Nicholas Colas said the Bitcoin investment might not be good news for Tesla investors.”, “In that sense, investors can think of Tesla’s Bitcoin investment as a marketing expense that has worked like a charm given all the attention Tesla has gotten surrounding the purchase.”

Musk defends Tesla Bitcoin move, says token less dumb than cash. According to Bloomberg Quint on Friday, 19 February, “Zhao had said in the interview he’s surprised that Musk is a fan of Dogecoin, which has outperformed Bitcoin this year. “, “Binance is raking in new users at its fastest pace ever as Bitcoin tops $50,000. “

Bitcoin nears $1 trillion value as crypto jump tops other assets. According to Bloomberg Quint on Friday, 19 February, “If companies’ fundamentals are going to become closely tied to movements in Bitcoin because they’ve suddenly become speculators on the side, we’re going to be in bubble territory before you know it,” said Craig Erlam, senior market analyst with Oanda Europe Ltd.”, “The Bloomberg Galaxy Crypto Index, which includes Bitcoin and four other coins, has more than doubled.”

Bitcoin hits $1 trillion value as crypto jump tops other assets. According to Bloomberg Quint on Friday, 19 February, “The Bloomberg Galaxy Crypto Index, which includes Bitcoin and four other coins, has more than doubled.”, “AMP’s Oliver said if Bitcoin “falls out of favor — for example due to government regulation or investors just moving on to the next new thing — then it could quickly plunge.”

Bitcoin is hitting record highs. why it’s not too late to dig for digital gold.. According to The Wall Street Journal on Friday, 19 February, “The shape of this future is hazy: Bitcoin itself could be a major component, or it might be alternatives like so-called stablecoins pegged to dollars, or digital currencies issued directly by central banks. “

Biotech is acting ‘more and more like’ Bitcoin, evercore says. According to Bloomberg Quint on Friday, 19 February, “For Evercore ISI analyst Josh Schimmer, the heady run up in biotech stocks makes them look “more and more like Bitcoin these days,” with a speculative mania sweeping away the usual gauges of value.”, “The scale of the stock rallies — as with the concept of Bitcoin — have left “old school” investors used to more standard measures of value “struggling to understand these high-flying stocks which are in the hands of investors who use very different fundamentals,” Schimmer said in the note.”

Cantor CEO lutnick likens Tesla, Bitcoin surges to gamestop saga. According to Bloomberg Quint on Friday, 19 February, “The cryptocurrency Bitcoin is valued at more than $55,000 and has nearly doubled this year.”, “Howard Lutnick, chief executive officer of Cantor Fitzgerald LP, said the dramatic rise in values of Bitcoin and Tesla Inc. was driven by retail investors in much the same manner that led to last month’s surge in GameStop Corp. shares.”

Bitcoin is surging. americans still don’t get how it works. According to Bloomberg Quint on Saturday, 20 February, “Of the people familiar with cryptocurrencies,4% say they think Bitcoin will fall to $0, while 8% say they see it heading above $100,000.”

Elon Musk says Bitcoin and ethereum prices ‘seem high’. According to Bloomberg Quint on Saturday, 20 February, “Billionaire Elon Musk said the price of Bitcoin and Ethereum “seem high” as the cryptocurrencies reached new records.”, “He was replying to a tweet by Peter Schiff — a cryptocurrency skeptic and noted gold bug — who said the precious metal is better than Bitcoin and fiat money.”

According to Business Insider on Saturday, 20 February, “This means if Tesla owns the same amount of Bitcoin as it did on January 31, it made a paper profit of about $930 million since January. “, “Even JPMorgan is now touting a case for the price of bitcoin hitting $146,000, but a recent note published by the firm did suggest that Bitcoin was worth only $25,000 with such high levels of current volatility.”

According to Business Insider on Saturday, 20 February, “Its latest rally has largely been attributed to Tesla’s $1.5 billion purchase revealed in an SEC filing on Feb 8, sending Bitcoin up 16% on the day.”, “Schiff’s was quoting Musk’s tweet that Bitcoin was a “less dumb” version of cash.”

Social media buzz: musk on Bitcoin levels, ted cruz, gamestop. According to Bloomberg Quint on Saturday, 20 February, “Elon Musk said the price of Bitcoin and Ethereum “seem high” as the cryptocurrencies reached new records. “, “Musk earlier called Bitcoin a “less dumb” version of cash, and added, “Money is just data that allows us to avoid the inconvenience of barter.”

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