Ethereum is currently on bullish momentum. At 02:05 EST on Saturday, 23 January, Ethereum is at $1,261.37 and up by 10.92% in the last 24 hours.
Ethereum Range
Over the last six hours, Ethereum’s higher value was $1,261.37 and the lower value was $1,222.84.
Over the last twelve hours, Ethereum’s higher value was $1,268.07 and the lower value was $1,222.84.
Regarding Ethereum’s daily highs and lows, it’s 10.923% up from its trailing 24-hour low of $1,137.16 and 0.528% down from its trailing 24-hour high of $1,268.07.
Concerning Ethereum’s yearly highs and lows, it’s 1225.247% up from its 52-week low and 11.934% down from its 52-week high.
Volatility
Ethereum’s last day, last week, and last month’s average volatility was 10.25%, 0.59%, and 2.71%, respectively.
Ethereum’s last day, last week, and last month’s high and low average amplitude percentage was 21.51%, 14.27%, and 13.26%, respectively.
Last news about Ethereum
Ethereum May surge sevenfold to $10,500, fundstrat global says. According to Bloomberg Quint on Wednesday, 20 January, “Strategist David Grider’s prediction is based in part on the popularity of the related Ethereum blockchain for so-called decentralized finance applications. “
Ethereum has exploded past $1,430 to set a new all-time high, outperforming Bitcoin’s year-to-date gain of 26%. According to Business Insider on Wednesday, 20 January, “The price of Ethereum shot past $1,430 on Tuesday, hitting a new all-time high for the cryptocurrency powering the world’s largest smart contract platform.”, “Over $25 billion worth of crypto assets have been locked into DeFi applications built on Ethereum over 2020, according to DeFi Pulse. “
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.”, “Read Next: Polkadot Outperforms Bitcoin, Rival Ethereum To Join The Top 5 Cryptos: What You Need To Know”
News about Bitcoin
Bitcoin surge built on market exUberance, momentum trading. According to Bloomberg Quint on Wednesday, 20 January, “Since October 2020 — the starting point of the latest Bitcoin cycle — about 60% of returns can be explained by exuberance in the wider market and momentum trading, according to Bloomberg Economics’ structural empirical model which exploits the co-movement of prices for Bitcoin and other assets to determine what factors are driving the ups and downs of the digital currency. “
Bitcoin slides below $35,000 as crypto mania loses momentum. According to Bloomberg Quint on Wednesday, 20 January, “Ever since the market shot through all-time highs in early January, Bitcoin has been beset by volatility and skepticism that the run-up has been excessive.”, “Many cryptocurrency traders are diversifying into other coins in fear that Bitcoin could see another collapse if $41,500 is not reached sometime soon,” said Edward Moya, senior market analyst at Oanda Corp.”
We spoke to crypto platform gemini, which is backed by the winklevoss twins, about Bitcoin, how to use stable coins and why regulation won’t kill the boom in digital currencies. According to Business Insider on Wednesday, 20 January, “This week, Deutsche Bank published research that showed market players rated Bitcoin an 8.7 out of 10 on a bubble scale, with 10 being an ‘extreme bubble’.”, “The Winklevoss twins have famously said they see a case for Bitcoin hitting $500,000, on the grounds that it is set to become the classic inflation hedge, taking the mantle from gold.”
Bitcoin sinks below $34,000 as sell-off cuts into early-January momentum. According to Business Insider on Wednesday, 20 January, “Flows into the Grayscale Bitcoin Trust and futures contracts can serve as early indicators of whether such support can be reached, he added.”, “The software CEO-turned Bitcoin whale explains why he is making such a massive bet on the digital asset.”
BlackRock files to add Bitcoin futures to two of its funds. According to Bloomberg Quint on Wednesday, 20 January, “BlackRock Inc. is adding cash-settled Bitcoin futures as an eligible investment to two funds, according to regulatory filings.”, “The world’s largest asset manager filed updated prospectuses for two funds on Wednesday with the U.S. Securities and Exchange Commission that included cash-settled Bitcoin futures among the assets they can buy.”
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, “While they acknowledged the appeal of Bitcoin as an answer for investors who are worried about policy shocks, the team cautioned that it won’t behave like a traditional defensive asset anytime soon.”, “The trajectory of Bitcoin so far has been unlike anything that Wall Street has seen, and the debate is heating up among professional investors. “
Bitcoin plunge has newbies scrambling to google double-spend. According to Bloomberg Quint on Thursday, 21 January, “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. “, “Instead of bank software handling electronic transfers, Bitcoin is transacted on a blockchain — basically a spreadsheet that logs when coins move and to where. “
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, “Currently, Mercado Bitcoin already serves international customers from its operation in Brazil. “, “Last year, Mercado Bitcoin also doubled in size, going from 100 people on the team to more than 200 people, and launched the world’s first token linked to soccer, the Vasco Token. “
Bitcoin drops close to $30,000 mark as head-turning rally stalls. According to Bloomberg Quint on Thursday, 21 January, “Grayscale Investments, which is behind a popular Bitcoin trust, saw total inflows of more than $3 billion across its products in the fourth quarter. “, “This level looks very vulnerable and a break below it is bad news in the near-term for Bitcoin and cryptos in general,” Craig Erlam, senior market analyst at Oanda Europe, wrote in a note Thursday. “
Bitcoin drops below $30,000 level 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.”, “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.”
Why this analyst is cautioning Bitcoin investors to have A ‘very strong stomach’ amid plunge. According to Business Insider on Friday, 22 January, “Price Action: Bitcoin traded 11.3% lower at $30,712.41 at press time on Thursday.”, “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.”