BinanceCoin USD (BNB-USD) is currently on bearish momentum.At 15:05 BinanceCoin USD (BNB-USD) is at $205.41 and down by 11.14% in the last 24 hours.BinanceCoin USD (BNB-USD) Range
Over the last six hours, BinanceCoin USD (BNB-USD)’s higher value was $208.24 $205.41.
Over the last twelve hours, BinanceCoin USD (BNB-USD)’s higher value was $217.06 $205.41.
Concerning BinanceCoin USD (BNB-USD)’s daily highs, it’s 10.555% down from its trailing 24-hour high of $229.65
Concerning BinanceCoin USD (BNB-USD)’s 2851.293% up from its 52-week low and 40.093%
BinanceCoin USD (BNB-USD)’s 1.61%, 9.50%, and 12.54%, respectively.
BinanceCoin USD (BNB-USD)’s 7.76%, 23.05%, and 20.94%, respectively.News about Bitcoin
JPMorgan says investors could make Bitcoin 1% of portfolios.According to Bloomberg Quint on Thursday, 25 February, “JPMorgan Chase & Co.is the latest Wall Street firm floating the idea of investors using Bitcoin as a way to diversify their portfolios.”, “BNY Mellon has announced plans to hold, transfer and issue the digital currency for its clients, while assets in the Grayscale Bitcoin Trust have more than doubled to $33.5 billion since December.”
Wood says Bitcoin has trillions in market cap potential.
According to Bloomberg Quint on Thursday, 25 February, “Tesla also disclosed a $1.5 billion Bitcoin addition to its balance sheet earlier this month.”, “Wood also discussed the prospects for a Bitcoin exchange-traded fund approval in the U.S., especially if Gary Gensler is confirmed as chairman of the Securities and Exchange Commission.”
According to Business Insider on Thursday, 25 February, “Since holders of Bitcoin and single name stocks have the same risk preference around macro shocks such as in interest rates, there is a risk of simultaneous deleveraging in both of these assets.”
Bitcoin rally sends 3 signals to governments.According to Bloomberg Quint on Thursday, 25 February, “More companies are having to consider the possibility that Bitcoin is evolving into a more widely used form of payment and store of value, two key characteristics of money.”, “Others have been pushed to Bitcoin in search ofa financial risk mitigator when yields on government bonds are low, though a little less so recently, and when their traditional negative correlation with risk assets, such as stocks, has weakened significantly.”
Biggest Bitcoin fund sinks to a discount as traders flee.According to Bloomberg Quint on Thursday, 25 February, “The $32 billion Grayscale Bitcoin Trust (ticker GBTC) has plunged 20% this week, outpacing a 13% decline in the world’s largest cryptocurrency.”, “It’s almost like the price of GBTC is an amplified version of Bitcoin price.”
Bitcoin heads for worst weekly slide in a year amid risk selloff.
According to Bloomberg Quint on Friday, 26 February, “The dollar is strengthening, which is a good indication to expect a slide in Bitcoin and crypto.”, “The rough patch for Bitcoin comes amid wider chaos in global markets, as a surge in bond yields heralds growing expectations that growth and inflation are moving higher and forcing traders to reevaluate their positions across multiple asset classes.”
A look under the hood of one of the world’s first Bitcoin etfs.According to Business Insider on Friday, 26 February, “Benzinga spoke with Raj Lala, President and CEO, and Elliot Johnson, Chief Investment Officer at Evolve ETFs, who are the key principals responsible for shaping the Evolve Bitcoin ETF (TSX:EBIT).”, “In describing how they crafted EBIT to best deliver direct exposure to bitcoin with as low of a cost barrier as possible, Johnson highlighted the existing financial infrastructure that had taken shape over the intervening five years, from the creation of closed-end fund like the Grayscale Bitcoin Trust (OTC:GBTC) to the CME Group’s launch of bitcoin futures.”
According to Business Insider on Saturday, 27 February, “Wood, whose firm holds more thanseven million shares in the Grayscale Bitcoin Trust, believes that the digital token still has “trillions of dollars of market cap potential.”
5 reasons Bitcoin is superior to gold.
According to Business Insider on Saturday, 27 February, “Legal Tender: Bitcoin is only 12 years old, but it is already a payment option at many places … with more joining the list each day.
“, “Transferability: Bitcoin is a digital asset, so it can be sent via the internet to anyone around the world with a connected device.” TAGS.
