Ripple On Bearish Momentum: 8.98% Down In The Last 12 Hours

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Ripple is currently on bearish momentum. At 14:04 EST on Tuesday, 16 March, Ripple is at $0.46 and down by 8.98% in the last 12 hours.

Ripple Range

Over the last six hours, Ripple’s higher value was $0.48 and the lower value was $0.46.

Over the last twelve hours, Ripple’s higher value was $0.50 and the lower value was $0.46.

Regarding Ripple’s daily highs and lows, it’s 6.186% up from its trailing 24-hour low of $0.43 and 8.68% down from its trailing 24-hour high of $0.50.

Concerning Ripple’s yearly highs and lows, it’s 224.29% up from its 52-week low and 40.547% 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. “, “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.”

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, “The cryptocurrency market’s little guys are going toe-to-toe with the big banks as Bitcoin continues to surge to new highs, data compiled by JPMorgan Chase & Co. suggest.”, “For many retail cryptocurrency traders, Bitcoin was the bread-and-butter trade of the pandemic. “

Buy-the-dip signal? ethereum sees surprise gain vs. Bitcoin despite BTC drop. According to Coin Telegraph on Monday, 15 March, “It could be the case that altcoins are attempting to stabilize against BTC while Bitcoin is paring some of its massive weekend gains. “

Can Bitcoin whale deposits to exchanges actually predict BTC price?. According to Coin Telegraph on Monday, 15 March, “When large amounts of Bitcoin are deposited into an exchange, it typically signals that a whale or a high-net-worth investor is planning to sell BTC, at least in theory.”, “For instance, Gemini reportedly saw large BTC deposits before Bitcoin dropped on March 15 to as low as $54,500.”

Bullish uptrend intact as Bitcoin futures open interest hits $22.5b. According to Coin Telegraph on Monday, 15 March, “After peaking at $58,300 on Feb. 21, Bitcoin faced a 26% correction over the following week. “, “Those betting that Bitcoin price will reach $65,000 and above will be pleased to know that open interest has been increasing throughout the 71% rally since February. “

Bitcoin now the prize for this sailing event. According to Coin Telegraph on Monday, 15 March, “Crypto industry folks have often compared and contrasted gold and Bitcoin over the years. “, “The Liberty Bitcoin Cup hopes to lower the barrier of entry for young people interested in foil sailing competitions, its website explains. “

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. “

Bitcoin bulls take a breather while BTC price slips below $55,000. According to Coin Telegraph on Tuesday, 16 March, “Data from Cointelegraph Markets and TradingView shows that Bitcoin price dropped as low as $54,600 and at the time of writing, buyers have not stepped in to arrest the decline. “, “Despite Monday’s decline, traders are optimistic that BTC will see a rapid recovery and a recent survey estimates that up to 10% of the $400 billion in pandemic relief for U.S. citizcould be used to purchase Bitcoin and stocks.”

Long-term investors are hodling, with 95% of Bitcoin trades involving ‘young coins’. According to Coin Telegraph on Tuesday, 16 March, “According to research by on-chain analytics provider, Glassnode, 95% of the Bitcoin changing hands last was last moved less than three months ago on the blockchain.”, “Glassnode defines “Long Term Holders,” or LTH, as wallets that have held their Bitcoin for more than 155 days, while “Short Term Holders,” or STH, are described as wallets that move BTC on-chain within 155 days or receiving coins.”

The ‘inhospitable to capitalism’ US can target those ditching dollar for Bitcoin — ray dalio. According to Coin Telegraph on Tuesday, 16 March, “Responding, however, MicroStrategy CEO Michael Saylor said that Bitcoin is the answer.”, “In his latest article on LinkedIn, Dalio – a recent convert to Bitcoin as an investment opportunity – laid out a stark future for U.S. investors.”

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.)”

Bitcoin is now worth more than Visa and Mastercard combined. According to Coin Telegraph on Tuesday, 16 March, “As Cointelegraph reported, meanwhile, both Visa and Mastercard are coming to terms with the need to incorporate Bitcoin in their corporate strategies going forward.”, “Its ascent, others have noted, is impressive – Bitcoin went from zero to $1 trillion in network value 3.6 times faster than Microsoft, for example.”

Bulls favored ahead of record $6.1b Bitcoin options expiry on March 26. According to Coin Telegraph on Tuesday, 16 March, “Over the past two months, the open interest on Bitcoin options increased by 60% to reach $13.5 billion as the BTC price rose to a new all-time high. “

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