Elrond USD is currently on bullish momentum.At 09:04 EST on Monday, 15 March, Elrond USD is at $136.88 and up by 5.06% in the last 6 hours.Elrond USD Range
Over the last six hours, Elrond USD’s higher value was $136.88 and the lower value was $128.14.
Over the last twelve hours, Elrond USD’s higher value was $136.88 and the lower value was $127.41.
Regarding Elrond USD’s daily highs and lows, it’s 7.433% up from its trailing 24-hour low of $127.41 and 0.131% down from its trailing 24-hour high of $137.06.
Regarding Elrond USD’s yearly highs and lows, it’s 1999.387% up from its 52-week low and 0.16% down from its 52-week high.Volatility
Elrond USD’s last day, last week, and last month’s average volatility was 6.20%, 3.98%, and 5.54%, respectively.
Elrond USD’s last day, last week, and last month’s high and low average amplitude percentage was 8.18%, 8.95%, and 16.41%, respectively.News about Bitcoin
Bitcoin intraday trading pattern emerges as institutions pile in.According to Bloomberg Quint on Friday, 12 March, “Microstrategy Inc., of course, is the company led by Michael Saylor that’s converting its cash into Bitcoin and now holds more than $4 billion of it.”, “There are signs of growing institutional interest in Bitcoin after famed investors like Paul Tudor Jones, Stan Druckenmiller and Howard Marks endorsed the digital asset, and as the idea that portfolios can benefit from a crypto allocation gains traction.”
Bitcoin hoard fuels one of the world’s biggest crypto fortunes.According to Bloomberg Quint on Friday, 12 March, “Saylor equated Bitcoin to a bank – that’s just ridiculous,” said Marc Lichtenfeld, chief income strategist at the Oxford Club, a financial-research firm that has no stake in MicroStrategy.
“, “Saylor said he’d rather issue debt against future cash flow now than save up to buy Bitcoin in five years, when he thinks it’ll be pricier.”
Bitcoin snaps five-day rally after flirting with record high.According to Bloomberg Quint on Friday, 12 March, “While some say that Bitcoin is a stimulus-fueled bubble likely to burst, industry participants argue that institutional adoption will prevent Bitcoin from plummeting from its highs as was witnessed in 2017-2018.”
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 fortunes of a range of companies are increasingly tied to the cryptocurrency, from listed Bitcoin miners and brokers to firms that have invested in the token.”, “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.” TAGS.
