Ripple On Bullish Momentum: 9.1% Up In The Last 12 Hours

Ripple is currently on bullish momentum. At 09:03 EST on Tuesday, 16 March, Ripple is at $0.47 and up by 9.1% in the last 12 hours.

Ripple Range

Over the last six hours, Ripple’s higher value was $0.48 and the lower value was $0.47.

Over the last twelve hours, Ripple’s higher value was $0.50 and the lower value was $0.43.

About Ripple’s daily highs and lows, it’s 10.163% up from its trailing 24-hour low of $0.43 and 5.26% down from its trailing 24-hour high of $0.50.

Regarding Ripple’s yearly highs and lows, it’s 236.435% up from its 52-week low and 38.32% down from its 52-week high.

Volatility

Ripple’s last day, last week, and last month’s average volatility was 1.03%, 3.12%, and 4.70%, respectively.

Ripple’s last day, last week, and last month’s high and low average amplitude percentage was 5.11%, 5.35%, and 10.67%, respectively.

News about Bitcoin

According to Business Insider on Sunday, 14 March, “Canada’s Purpose Bitcoin ETF, the first to launch, had 913 million Canadian dollars ($731 million) under management on 11 March.”, “Guggenheim disclosed in an SEC filing that its Macro Opportunities Fund held the right to invest up to 10% of its net asset value in Grayscale Bitcoin Trust.”

Bitcoin dips from record after scaling $61,000 aided by stimulus. According to Bloomberg Quint on Monday, 15 March, “The lively debate about whether it’s even possible to work out an intrinsic value for Bitcoin as well as the scope for more stimulus-fueled gains continues apace. “, “For instance, the correlation coefficient between Bitcoin and an equal-weighted basket of five stocks which have announced investments in the digital currency — Tesla Inc., MicroStrategy Inc., Square Inc., Meitu Inc. and Aker ASA — has surged to an average of 0.72 this year from 0.26 in 2020.”

According to Business Insider on Monday, 15 March, “If doubt about monetary policy, unchecked money printing and continually rising inflation continues to worry both retail and institutional investors, then they will seek alternatives that provide safety, which Bitcoin provides in a unique digital format,” Nazarov said.”

Retail Bitcoin traders rival wall street buyers as mania builds. According to Bloomberg Quint on Monday, 15 March, “Meme stock trading volatility burnt many, but Bitcoin has maintained an amazingly bullish trend that has made most winners,” said Ed Moya, senior market analyst at Oanda Corp. “Retail traders got reinvigorated with the latest NFT buzz and as the stimulus checks hit their bank accounts.”, “While far from bulletproof, the stats suggest that flows into Bitcoin are becoming more balanced after institutions dominated late last year. “

What’s India’s beef with Bitcoin, really?. According to Bloomberg Quint on Monday, 15 March, “If someone is using a VPN service to access the internet,and not buying or selling Bitcoin using an Indian bank account (but earning and spendingit peer to peer), the prohibitionwon’t be enforceable.”, “Nobody is asking New Delhito make Bitcoin legal tender or accept tax payments in it. “

Trump’s last-minute Bitcoin rule hits the wrong mark. According to Bloomberg Quint on Tuesday, 16 March, “In the waning days of the Trump administration, the Financial Crimes Enforcement Network proposed a rule “aimed at closing anti-money laundering regulatory gaps for convertible virtual currency,” held in “unhosted wallets” – that is, cryptocurrencies such as Bitcoin held outside a regulated financial institution. “, “In other words, the economic value of crypto will not be harmed, only the price it commands in dollars.(Full disclosure: I own Bitcoin and other cryptocurrencies.)”


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