2021-02-25 18:05:53

Dogecoin USD (DOGE-USD) On Bearish Momentum: 5.35% Down In The Last 6 Hours

Dogecoin USD (DOGE-USD) is currently on bearish momentum. At 13:04 EST on Thursday, 25 February, Dogecoin USD (DOGE-USD) is at $0.05 and down by 5.35% in the last 6 hours.

Dogecoin USD (DOGE-USD) Range

Over the last six hours, Dogecoin USD (DOGE-USD)’s higher value was $0.06 and the lower value was $0.05.

Over the last twelve hours, Dogecoin USD (DOGE-USD)’s higher value was $0.06 and the lower value was $0.05.

About Dogecoin USD (DOGE-USD)’s daily highs and lows, it’s 4.6% up from its trailing 24-hour low of $0.05 and 12.833% down from its trailing 24-hour high of $0.06.

In relation to Dogecoin USD (DOGE-USD)’s yearly highs and lows, it’s 4258.333% up from its 52-week low and 38.398% down from its 52-week high.

Volatility

Dogecoin USD (DOGE-USD)’s last day, last week, and last month’s average volatility was 19.41%, 9.95%, and 13.20%, respectively.

Dogecoin USD (DOGE-USD)’s last day, last week, and last month’s high and low average amplitude percentage was 29.65%, 20.93%, and 25.67%, respectively.

News about Bitcoin

Bitcoin rally faces potential test from falling market liquidity. According to Bloomberg Quint on Monday, 22 February, “Market liquidity is currently much lower for Bitcoin than in gold or the S&P 500, which implies that even small flows can have a large price impact,” he wrote in a note on Friday.”, “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, “The world’s largest cryptocurrency has been on a tear this month, propelled by purchases from Tesla Inc. and institutional investors who say Bitcoin is an attractive alternative to gold and the dollar.”, “In February alone, Bitcoin is up more than 60%, prompting commentary that the run-up is excessive. “

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. “, “It should go without saying that new investors to Bitcoin should be prepared for major volatility and for prices to drop suddenly and as sharply as they have risen,” according to Neil Wilson, chief analyst at Markets.com.”

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, “The world’s richest man helped to send the prices of both tumbling earlier Monday in the wake of his weekend comments that the prices of Bitcoin and smaller rival Ether “do seem high.” The tweet came two weeks after Telsa announced it has added $1.5 billion in Bitcoin to its balance sheet, triggering a 50% price jump in the already surging digital asset. “, “The estimated profit on the purchase was cut quickly when Bitcoin plunged as much as 17% on Monday. “

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, “In the background are jitters that a global economic recovery from the pandemic will eventually prompt central banks to dial back easy-money policies that helped propel Bitcoin higher. “, “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, “In the background are jitters that the global economic recovery from the pandemic will eventually prompt central banks to dial back easy-money policies that helped propel Bitcoin higher. “, “A monthly relative-strength index for Bitcoin is “extremely overbought,” the company’s chief market strategist Matt Maley wrote in a weekend note.”

Bitcoin needs a safe space for redditors to play. According to Bloomberg Quint on Tuesday, 23 February, “With Bitcoin almost doubling this year to trade well above $50,000 in recent days, regulators are understandably reluctant to be perceived to be legitimizingone of the most volatile securitiesthe world has ever seen. “, “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.”

According to CNBC on Wednesday, 24 February, “However, Bitcoin is still up more than 70% year-to-date and over 400% in the last 12 months.”

JPMorgan says investors could make Bitcoin 1% of portfolios. According to Bloomberg Quint on Thursday, 25 February, “JPMorgan Chase & Co. is the latest Wall Street firm floating the idea of investors using Bitcoin as a way to diversify their portfolios.”, “Through the insatiable buy-side pressure from exchange-traded fund issuers, close-ended funds and large public corporations adding Bitcoin to their positions, demand is massively outstripping supply,” said Annabelle Huang, partner at Amber Group.”

Wood says Bitcoin has trillions in market cap potential. According to Bloomberg Quint on Thursday, 25 February, “Cathie Wood says Bitcoin is in “early days” given its new interest from institutions and its diverse use cases.”, “Ark Investment owned 7.3 million shares of the Grayscale Bitcoin Trust at the end of 2020, according to a filing. “

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