Ripple On Bearish Momentum: 6.51% Down In The Last 6 Hours


Ripple is currently on bearish momentum. At 22:08 EST on Wednesday, 13 January, Ripple is at $0.29 and down by 6.51% in the last 6 hours.

Ripple Range

Over the last six hours, Ripple’s higher value was $0.31 and the lower value was $0.29.

Over the last twelve hours, Ripple’s higher value was $0.31 and the lower value was $0.29.

In relation to Ripple’s daily highs and lows, it’s 0.448% down from its trailing 24-hour low of $0.29 and 6.871% down from its trailing 24-hour high of $0.31.

About Ripple’s yearly highs and lows, it’s 150.825% up from its 52-week low and 62.409% down from its 52-week high.

Volatility

Ripple’s last day, last week, and last month’s average volatility was 4.62%, 3.05%, and 0.26%, respectively.

Ripple’s last day, last week, and last month’s high and low average amplitude percentage was 7.63%, 20.36%, and 18.74%, respectively.

Last news about Ripple

According to Business Insider on Tuesday, 12 January, “It has partnered with over 2,500 premium media such as: Korea – MBC, SBS, Chosun Ilbo, Taiwan – ET Today, LTN, Now News, Indonesia – Liputan6, Tempo, Suara, Vietnam – Thanh Niên, Saostar, Bongda, Malaysia – Ripple Media, Nanyang, Malaysiakini.”, “It provides services to Korea, Japan, Taiwan, Indonesia, Vietnam and Malaysia through partnerships with over 2,500 global premium media including MBC, KBS, Ettoday, NOWnews, Liputan6, Suara, Thanhnien, Bongda, Ripple Media and Nanyang Siang Pau.”

News about Bitcoin

Two-day Bitcoin plunge shakes faith in cryptocurrency boom. According to Bloomberg Quint on Monday, 11 January, “True believers in Bitcoin argue the difference this time is the asset has matured with the entry of institutional investors and is increasingly seen as a legitimate hedge against dollar weakness and inflation risk. “, “While it may mature in the future, Bitcoin as it exists is largely a speculative asset.”

JPMorgan strategists say U.S. ETF could sap Bitcoin price. According to Bloomberg Quint on Monday, 11 January, “A cascade of GBTC outflows and a collapse of its premium would likely have negative near-term implications for Bitcoin given the flow and signaling importance of GBTC,” they said Friday.”, “U.S. approval of a Bitcoin exchange-traded fund could weigh on the digital coin’s price in the short term, according to JPMorgan Chase & Co.”

Bitcoin falls to a one-week low, as a stronger dollar and investor nerves strip off nearly $140 billion in total cryptocurrency market cap. According to Business Insider on Monday, 11 January, “The correlation between Bitcoin and the dollar index is at -0.95, meaning that the two are more likely to move inversely to one another than not. “, “The stronger dollar and higher bond yields has also sparked a plunge in Bitcoin and in gold prices this morning,” strategists at Rabobank said in a note.”

Cryptocurrency investors could ‘lose all their money’, UK regulator warns as Bitcoin price drops from all-time high. According to Business Insider on Monday, 11 January, “Memories of the collapse in the Bitcoin price between late 2017 and early 2019 – when it dropped from almost $20,000 to below $4,000 – are weighing on regulators’ minds.”, “The FCA also stressed that cryptocurrencies such as Bitcoin are largely unregulated. “

Bitcoin and Tesla have gotten the fed’s attention. According to Bloomberg Quint on Monday, 11 January, “The S&P 500 Index wobbled on Monday as yields climbed past 1.13% but remained relativelyresilient considering the sharp drop in Bitcoin and Tesla. “, “But on the way to reaching those goals, there’sa level of rampant speculation in asset prices that even the Fed will seek to stymie, whether in Bitcoin or Tesla, the ARK Innovation exchange-traded fundor special-purpose acquisition companies. “

On technical charts, Bitcoin really is an asset like no other. According to Bloomberg Quint on Monday, 11 January, “It “blows the doors off prior bubbles,” the strategists wrote in a Friday note, asking whether Bitcoin is “the Mother-of-all-bubbles.”, “Up 38% this year through Friday, Bitcoin had its best start to a year since 2012, when it surged almost 60% over the first eight days. “

Bitcoin snaps slide while leaving everyone in dark on true worth. According to Bloomberg Quint on Tuesday, 12 January, “Pinpointing who is mainly responsible for the rally is one of the many crypto mysteries — Bitcoin funds, momentum chasers, billionaires, day traders, companies and even institutional investors have all been cited.”, “The digital coin rose as much as 8% to about $36,600, but the move higher pales compared to the gyrations that took Bitcoin to an all-time high of nearly $42,000 on Jan. 8 before a precipitous slump over Sunday and Monday.”

Bitcoin rebounds while leaving everyone in dark on true worth. According to Bloomberg Quint on Tuesday, 12 January, “We think a pull back is healthy,” said David Grider, lead digital strategist with Fundstrat Global Advisors LLC, who added he doesn’t think the recent price action indicates that Bitcoin has already topped out.”, “Pinpointing who is mainly responsible for the rally is one of the many crypto mysteries — Bitcoin funds, momentum chasers, billionaires, day traders, companies and even institutional investors have all been cited.”

Bitcoin miner that’s risen 1,400% says more regulation is needed. According to Bloomberg Quint on Tuesday, 12 January, “Peter Wall, whose Argo Blockchain Plc is up 1,400% in the past year, said he sees Bitcoin “moving in one direction” as interest in the sector increases and institutional investors come on board. “, “More institutions and notable investors, from Paul Tudor Jones to Scott Minerd and Stan Druckenmiller, have either started allocating funds to Bitcoin or have said they’re open to doing so.”

Bitcoin historian elias ahonen publishes 2nd book, a 500-page ‘history of cryptocurrency’. According to Business Insider on Tuesday, 12 January, “The cover artwork Bitcoin Angel is by acclaimed crypto artist Trevor Jones and symbolizes how many Bitcoin enthusiasts see the digital currency as a sort of saviour. “, “This led Ahonen to become a broker of million-dollar Bitcoin art and to launch a cryptocurrency consulting firm which placed him in the center of the hype. “

People have lost roughly $140 billion in Bitcoin because they forgot their passwords or got locked out of accounts, and would-be millionaires are struggling to access their wallets. According to Business Insider on Tuesday, 12 January, “With the rise and fall of Bitcoin value, hackers have been trying to access Bitcoin wallets with large amounts of Bitcoin, including a wallet containing 69,370 Bitcoin worth around $690 million, Vice reported in September.”, “Around 20% of the existing 18.5 million Bitcoin – worth a total of $140 billion – are in stranded wallets, according to the cryptocurrency data firm Chainalysis, The New York Times reported on Tuesday.”

Bitcoin extends tumble in further blow to volatile crypto boom. According to Bloomberg Quint on Wednesday, 13 January, “Taking some profits off the table after an asset — any asset, not only Bitcoin — doubles in value within three weeks is completely understandable,” said Julius de Kempenaer, senior technical analyst at StockCharts.”, “They also test recent narratives, such as the argument that Bitcoin is maturing into a hedge against dollar weakness and inflation risk, and attracting longer term investors.”

New tech ipos to Bitcoin are on ajay srivastava’s 2021 investing list. According to Bloomberg Quint on Wednesday, 13 January, “Among a host of cryptocurrencies, he advised sticking with Bitcoin because of its wide supervision. “

Bitcoin will break wall street’s heart. According to The Wall Street Journal on Wednesday, 13 January, “Grayscale’s flagship Bitcoin Trust had assets under management of $1.9 billion at the start of 2020, $4.7 billion by the end of September and $21.1 billion as of Tuesday.”

Bitcoin, blackouts and smog are exacerbating iran’s virus woes. According to Bloomberg Quint on Wednesday, 13 January, “The outages have been compounded by the mining of Bitcoin and other cryptocurrencies, which uses banks of high-powered computers to verify the legitimacy of transactions and create units of digital coin, government officials have said.”, “A spokesman for the country’s electricity industry apologized for the shutdowns on state TV and said power supplies to Bitcoin miners and industry have been strictly limited to meet domestic needs.”

Bitcoin is unlike any other bubble we’ve seen so far. According to Bloomberg Quint on Wednesday, 13 January, “Every time a Bitcoin bubble bursts, another grows back to replace it,” Man Group’s analysts wrote in a note dated Jan. 12. “, “Man Group, the world’s biggest publicly traded hedge fund firm, compares Bitcoin to Prometheus in Greek mythology, whose liver keeps growing back, every time a giant eagle pecked it out.”

Bitcoin (btc) builds for the next big break, btc/usd levels. According to DailyFX on Wednesday, 13 January, “Making matters all the more interesting, even as risk factors continued to flare, Gold prices dropped precipitously while Bitcoin put in a major bullish breakout, eventually tagging the $42,000 level last Friday.”, “In this week’s technical forecast on Gold, I also included a chart of Bitcoin with a number of potential levels pointed out. “



Source link

Comments (No)

Leave a Reply