Ethereum On Bullish Momentum: 7.37% Up In The Last 24 Hours

Ethereum is currently on bullish momentum. At 14:03 EST on Sunday, 24 January, Ethereum is at $1,352.64 and up by 7.37% in the last 24 hours.

Ethereum Range

Over the last six hours, Ethereum’s higher value was $1,357.35 and the lower value was $1,310.64.

Over the last twelve hours, Ethereum’s higher value was $1,357.35 and the lower value was $1,310.64.

In relation to Ethereum’s daily highs and lows, it’s 9.863% up from its trailing 24-hour low of $1,231.21 and 0.347% down from its trailing 24-hour high of $1,357.35.

Concerning Ethereum’s yearly highs and lows, it’s 1321.139% up from its 52-week low and 5.562% down from its 52-week high.

Volatility

Ethereum’s last day, last week, and last month’s average volatility was a negative 0.45%, a negative 0.23%, and a positive 2.53%, respectively.

Ethereum’s last day, last week, and last month’s high and low average amplitude percentage was 5.93%, 13.49%, and 13.19%, respectively.

Last news about Ethereum

Why this analyst can see ethereum skyrocketing to $10,500. According to Business Insider on Thursday, 21 January, “What Happened: Grider sees Ethereum as “the best risk/reward investment play in crypto,” as reported by Bloomberg.”, “Besides the rise of DeFi apps, Ethereum is also likely to benefit from its network upgrade that would allow it to process as many transactions as Visa Inc. (NYSE:V) or Mastercard Inc. (NYSE:MA), Grider noted.”

News about Bitcoin

Bitcoin falters for a second day, slides below technical level. According to Bloomberg Quint on Thursday, 21 January, “That drop did, however, precede a seven-week run that helped propel Bitcoin into its current bull rally.”

Bitcoin losses gather pace, with prices nearing three-week low. According to Bloomberg Quint on Thursday, 21 January, “On Wednesday, BlackRock Inc. filed paperwork to add Bitcoin futures as an eligible investment in two funds, the first time the money manager is offering clients exposure to cryptocurrency.”

It looks like wall street is running Bitcoin, at least for now. According to Bloomberg Quint on Thursday, 21 January, “When you have a few quarters of people delivering good returns and saying, ‘Oh, it’s because I have Bitcoin in my portfolio,’ which we’re starting to see evidence of, then I think the pressure will really heat up to be adding Bitcoin,” says James Butterfill, investment strategist at digital asset manager CoinShares.”, “Hedge fund manager Paul Tudor Jones helped set off the frenzy when he said in May he was buying Bitcoin as a hedge against the inflation he sees coming in the wake of policymakers’ aggressive actions to keep the economy alive in the coronavirus pandemic. “

Bitcoin is no market hedge, JPMorgan strategists say. According to Bloomberg Quint on Thursday, 21 January, “JPMorgan Chase & Co. cross-asset strategists have bad news for anyone on Wall Street betting that Bitcoin is the hottest way to diversify portfolios in a world short on hedges but big on valuation risk.”, “Not only has Bitcoin proved lousy at offsetting short-term drawdowns in big sell-offs, its very popularity among retail investors is increasing the token’s link with cyclical assets, their research suggests.”

Bitcoin plunge has newbies scrambling to google double-spend. According to Bloomberg Quint on Thursday, 21 January, “In the case of the blockchain — or the software that underlies Bitcoin and other cryptocurrencies — the transaction in question would be excluded from the final tally on the digital ledger.”, “The Bitcoin blockchain is operating exactly as designed, and has been operating exactly as designed for 12 years,” said Andreas Antonopoulos, an expert in Bitcoin and open blockchain technologies. “

Mercado Bitcoin receives contribution led by GP investimentos and parallax ventures who will invest BRL 200 million in 2021. According to Business Insider on Thursday, 21 January, “Our long-term purpose is to participate in the construction of a new infrastructure for the financial market (IMF), based on blockchain, smartcontracts and crypto assets”, explains Reinaldo Rabelo, CEO of Mercado Bitcoin .”, “Currently, Mercado Bitcoin already serves international customers from its operation in Brazil. “

Bitcoin drops close to $30,000 mark as head-turning rally stalls. According to Bloomberg Quint on Thursday, 21 January, “The crypto boom has proved controversial, cheered on the one hand by believers who see Bitcoin becoming a more mainstream investment, but decried by others that see little more than speculative mania.”, “Grayscale Investments, which is behind a popular Bitcoin trust, saw total inflows of more than $3 billion across its products in the fourth quarter. “

Bitcoin drops below $30,000 level as head-turning rally stalls. According to Bloomberg Quint on Thursday, 21 January, “Just this week, BlackRock Inc. dipped its toe into the crypto universe for the first time, saying cash-settled Bitcoin futures are among assets that two funds were permitted to buy.”, “The crypto boom has proved controversial, cheered on the one hand by believers who see Bitcoin becoming a more mainstream investment, but decried by others that see little more than speculative mania.”

Why this analyst is cautioning Bitcoin investors to have A ‘very strong stomach’ amid plunge. According to Business Insider on Friday, 22 January, “Why It Matters: Bitcoin has seen a major correction in the last two weeks after a dizzying rally that started in July last year saw it cross $40,000 from trading below the $10,000 level.”, “What Happened: Miller Tabak chief market strategist Matt Maley told CNBC on Thursday that regulatory risks and pullback from the near 200% surge this year mean Bitcoin could see a further drop in the short-term.”

Iran blames 1600 Bitcoin processing centers for massive blackouts in tehran and other cities. According to Business Insider on Saturday, 23 January, “According to local media, state-owned electricity firm Tavanir shut down a large Iranian-Chinese Bitcoin farm amid the power outages.”, “Mohammad Hassan Motavalizadeh, the head of Tavanir, said that 45,000 illegal Bitcoin machines cheaply consuming 95MWh of electricity had been confiscated by the police, it also added.”

According to Business Insider on Saturday, 23 January, “And this was a Bitcoin OTC name that has been consolidating for months.”, “For the Bitcoin theme, Hasson had identified over 10 stocks on the NASDAQ as well as over-the-counter stocks to watch and monitor everyday.”

Bitcoin outlook: my mantra for 2021 can make you money. According to Business Insider on Saturday, 23 January, “The post Bitcoin Outlook: My Mantra for 2021 Can Make You Money appeared first on InvestorPlace.”

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