Ripple is currently on bullish momentum. At 22:03 EST on Thursday, 11 February, Ripple is at $0.56 and up by 9.31% in the last 6 hours.
Ripple Range
Over the last six hours, Ripple’s higher value was $0.56 and the lower value was $0.51.
Over the last twelve hours, Ripple’s higher value was $0.56 and the lower value was $0.51.
In relation to Ripple’s daily highs and lows, it’s 10.078% up from its trailing 24-hour low of $0.51 and 0.25% up from its trailing 24-hour high of $0.56.
In relation to Ripple’s yearly highs and lows, it’s 387.75% up from its 52-week low and 26.901% down from its 52-week high.
Volatility
Ripple’s last day, last week, and last month’s average volatility was 6.65%, 5.85%, and 6.11%, respectively.
Ripple’s last day, last week, and last month’s high and low average amplitude percentage was 14.61%, 12.29%, and 13.45%, respectively.
News about Bitcoin
Bitcoin surges past $47,000 for first time after Tesla purchase. According to Bloomberg Quint on Tuesday, 9 February, “A rally was also evident in Bitcoin futures, suggesting shorts are throwing in the towel and signaling traders won’t fight the crypto advance. “
Tesla boots the Bitcoin bandwagon closer to corporate america. According to Bloomberg Quint on Tuesday, 9 February, “Some sectors may warm to Bitcoin more quickly than others, with tech firms and financial companies likely to be more disposed to the idea of digital currencies, according to Fundstrat.”, “And while Tesla announced plans to accept Bitcoin for purchases, hardly anyone uses the cryptocurrency for anything beyond speculation. “
The possible xinjiang coal link in Tesla’s Bitcoin binge. According to Bloomberg Quint on Tuesday, 9 February, “There’s a pretty good chance that any new Bitcoin generated after the cryptocurrency’s Elon Musk-aided surge toward $50,000 will be sourced using cheap coal power in China’s Xinjiang.”
Elon Musk’s Bitcoin bet is a bean counter’s nightmare. According to Bloomberg Quint on Tuesday, 9 February, “Iteven decided to make Bitcoin its primary treasury reserve asset, and so far the decision has paid off: Its holdings have almost trebled in value. “, “Anyone who does so is taking a massive financial risk but they should be allowed to record the value of their Bitcoin at the current market price. “
According to Business Insider on Tuesday, 9 February, “Once people start thinking about what they want, which is a non-sovereign, safe-haven store of value, they’re going to realize that Bitcoin does the job of gold better, and you’re seeing all of the institutional flows move out of gold into Bitcoin,” Saylor concluded.”, “Michael Saylor-a noted Bitcoin bull and CEO of business intelligence firm MicroStrategy-held a conference called “Bitcoin for Corporations” on February 3 and 4. “
JPMorgan sees Tesla Bitcoin bet as too bold for others to follow. According to Bloomberg Quint on Tuesday, 9 February, “Tesla disclosed Monday it invested $1.5 billion in Bitcoin and intends to begin accepting the cryptocurrency as a form of payment. “, “Irrespective of how many corporates eventually follow Tesla’s example, there is no doubt that this week’s announcement changed abruptly the near-term trajectory for Bitcoin by bolstering inflows and by helping Bitcoin to break out above $40k,” wrote JPMorgan’s strategists. “
Reddit user who leaked Tesla’s Bitcoin investment news was just high. According to Business Insider on Wednesday, 10 February, “A Reddit poster who claimed to be in the know of Tesla Inc’s (NASDAQ:TSLA) investment in Bitcoin (BTC) has confirmed that the information he made public on Jan. 2 was not true, the New York Post reported Tuesday.”, “What Happened: After Tesla made its Bitcoin investment announcement on Monday, attention turned to the Reddit post by the user TSLAInsider made five-weeks prior.”
Why a U.S. Bitcoin ETF could be a real thing in 2021. According to Bloomberg Quint on Wednesday, 10 February, “The Grayscale Bitcoin Trust (ticker GBTC) is physically backed, meaning that it holds Bitcoin. “, “An exchange-traded fund might appeal, except an investor won’t find one tracking Bitcoin in the $5.8 trillion U.S. ETF universe — at least not yet. “
Bitcoin declines in the wake of Tesla-inspired euphoria. According to Bloomberg Quint on Wednesday, 10 February, “While Bitcoin is gaining traction among big league financial players like Elon Musk — who announced Monday that Tesla added the token to its balance sheet — Wednesday’s losses underscore the speculative and volatile nature of the coin. “
Bitcoin is red hot. can it ever be green?. According to Bloomberg Quint on Wednesday, 10 February, “And while use of renewable sources for electricity is growing, Bitcoin miners will be competing for green power with other sectors looking to decarbonize, including transportation, heating and industrial processes.”, “China’s share of Bitcoin’s monthly hash-rate was down 10 percentage points to 65% in the second quarter of 2020, compared to the third quarter of 2019, according to the Cambridge Bitcoin Electricity Consumption Index. “
Bitcoin is not ready to go mainstream for these 3 reasons, the world’s largest wealth manager warns. According to Business Insider on Wednesday, 10 February, “Although Tesla might start using Bitcoin as a payment mechanism, this is different from actually pricing products in Bitcoin or retaining the Bitcoin received, actions that would be more consistent with mainstreaming it as a currency,” Haefele said.”, “Crypto mining and management can contribute to carbon emissions without improving living standards, since individuals or teams use computing power and specialized software to produce Bitcoin and Ethereum. “
Bitcoin holds gains from Tesla as Mastercard, twitter weigh in. According to Bloomberg Quint on Thursday, 11 February, “Even before announcing Tesla’s bet on Bitcoin, Musk said he was a supporter of Bitcoin on a social audio app and made multiple tongue-in-cheek references on Twitter to Dogecoin — a Shiba Inu-themed crypto started as a joke — sending prices soaring.”, “The unverified Twitter account “Wallstreetbets mod” posted a call to buy Bitcoin and marijuana stocks.”
Bitcoin hits record as Mastercard, BNY mellon embrace crypto. According to Bloomberg Quint on Thursday, 11 February, “The unverified Twitter account “Wallstreetbets mod” posted a call to buy Bitcoin and marijuana stocks.”, “Even before announcing Tesla’s bet on Bitcoin, Musk said he was a supporter of Bitcoin on a social audio app and made multiple tongue-in-cheek references on Twitter to Dogecoin — a Shiba Inu-themed crypto started as a joke — sending prices soaring.”
Bitcoin bull mike novogratz compared dogecoin to gamestop – and warned buyers could ‘lose lots of money’. According to Business Insider on Thursday, 11 February, “While he thinks Bitcoin could double in price by the end of this year as major institutions follow Tesla in buying it, he sees “no long-term value in Dogecoin.”
Sheila bair says don’t buy Bitcoin, it’s at ‘nosebleed levels’. According to Bloomberg Quint on Thursday, 11 February, “Bair’s comments came before Mastercard Inc. and Bank of New York Mellon Corp. moved to make it easier for customers to use cryptocurrencies, driving the price of Bitcoin to a record high. “
According to Business Insider on Thursday, 11 February, “Doug Davison, a Partner at Linklaters and former branch chief of the SEC’s division of enforcement, told the UK’s Telegraphthat “it would not be surprising-given the focus on the chief executive’s Tweets, Bitcoin pricing and recent dramatic market moves-for the SEC to ask questions about the facts and circumstances here.”