Bitcoin is currently on bullish momentum.At 15:03 EST on Thursday, 21 January, Bitcoin is at $32,532.89 and up by 4.09% in the last 6 hours.Bitcoin Range
Over the last six hours, Bitcoin’s higher value was $32,532.89 and the lower value was $31,230.69.
Over the last twelve hours, Bitcoin’s higher value was $33,503.65 and the lower value was $31,230.69.
About Bitcoin’s daily highs and lows, it’s 4.17% up from its trailing 24-hour low of $31,230.69 and 8.485% down from its trailing 24-hour high of $35,549.40.
Regarding Bitcoin’s yearly highs and lows, it’s 692.137% up from its 52-week low and 22.442% down from its 52-week high.Volatility
Bitcoin’s a negative 1.47%, a negative 0.71%, and a positive 1.31%, respectively.
Bitcoin’s 8.36%, 8.08%, and 9.28%, respectively.Last news about Bitcoin
Bitcoin retreats from $40,000 level strategists view as key.According to Bloomberg Quint on Monday, 18 January, “The pattern of demand for Bitcoin futures and the $22.9 billion Grayscale Bitcoin Trust will help determine the outlook, they added.”, “The JPMorgan strategists said Bitcoin was in a similar position in late November, except with $20,000 as the test.”
A record $3.7 billion in Bitcoin options are set to expire on January 29 as interest in cryptocurrencies surges.
According to Business Insider on Monday, 18 January, “A record $3.7 billion worth of Bitcoin options are set to expire on January 29, as speculation ramps up following the recent volatility in the cryptocurrency’s price and growth in interest in its derivatives.”, “Deribit – the exchange that currently facilitates the most Bitcoin options trading – began offering the products in 2018.”
Coinshares is starting an exchange-traded Bitcoin product.According to Bloomberg Quint on Monday, 18 January, “It launched a regulated Bitcoin investment vehicle in 2015, when the coin traded around $400.”, “CoinShares, a St.Helier, Jersey-based asset manager, is launching an exchange-traded Bitcoin product amid a fierce rally for the world’s largest digital currency.”
JPMorgan sees Bitcoin crossing $40k again in coming weeks, if this key condition is met.According to Business Insider on Tuesday, 19 January, “Read Next: Bitcoin Rally Pause Gives DeFi, Smart Contract Cryptos The Time To Shine”, “What Happened: If the institutional investors fail to take Bitcoin past the breakout mark, the subdued cryptocurrency rally could face a further setback, JPMorgan analysts are suggesting, as reported by Bloomberg.”
Bitcoin profit review : comprehensive sign up guide for Bitcoin profit app.According to Business Insider on Tuesday, 19 January, “To put it simply, the Bitcoin Profit is an online and fully automated cryptocurrency trading platform.”, “Bitcoin Profit Update: Bitcoin Profit is one of the many cryptocurrency trading robot that many investors claim has helped them make significant returns from the booming crypto markets.”
Bofa clients with $561 billion say Bitcoin is most crowded trade.
According to Bloomberg Quint on Tuesday, 19 January, “For the first time since 2017, Bank of America Corp.clients with $561 billion combined say Bitcoin is the world’s most crowded trade as speculative euphoria hits Wall Street.”
A $3 billion digital-asset investing trailblazer just launched an exchange-traded Bitcoin product in the midst of the cryptocurrency’s wild rally.
According to Business Insider on Tuesday, 19 January, “CoinShares, one of the earliest digital asset investing firms, said on Tuesday it had launched an exchange-traded Bitcoin product.”, “The CoinShares Physical Bitcoin Product is set to be listed on Switzerland’s main stock exchange under the ticker symbol BITC.”
Bitcoin and U.S.tech stocks are the biggest market bubbles right now, investors say.According to CNBC on Tuesday, 19 January, “When asked specifically about the 12 month fate of Bitcoin and Tesla – a stock emblematic of a potential tech bubble – a majority of readers think that they are more likely to halve than double from these levels with Tesla more vulnerable according to readers,” Deutsche Bank said.”
Far right groups get Bitcoin windfall weeks before capitol riot.
According to Bloomberg Quint on Tuesday, 19 January, “The entities’ normally anonymous encrypted Bitcoin addresses were public, making it relatively easy to trace the payments over the online ledger known as a blockchain that includes all the peer-to-peer transactions, Chainalysis said.”, “Last week, European Central Bank President Christine Lagarde said Bitcoin had been enabling “funny business.”
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, “Analysts have pointed to $40,000 as the key level that Bitcoin needs to surpass in order to draw fresh money from investors riding cryptocurrency momentum.”, “The Bitcoin fever is starting to break as worries about a market bubble discourages investors from buying in.”
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, “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.”, “For Gemini, Bitcoin no longer carries the “Wild West” trope it did in 2018 and 2019, after record-high prices collapsed and a string of scandals involving various exchanges and high-profile cases of fraud and manipulation tarnished the image of digital tokens.”
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.”
Bitcoin is no market hedge, JPMorgan strategists say.According to Bloomberg Quint on Thursday, 21 January, “Whether cryptocurrencies are judged eventually as a financial innovation or a speculative bubble, Bitcoin has already achieved the fastest-ever price appreciation of any must-have asset,” Normand and Manicardi wrote.”, “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.”, “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.”
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 .”, “SÃO PAULO, Jan.21, 2021 /PRNNewswire/ — Founded by brothers Gustavo and Mauricio Chamati in 2013, Mercado Bitcoin has become the largest crypto-currency exchange in Latin America.” TAGS.
