Ripple On Bullish Momentum: 10.29% Up In The Last 24 Hours

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Ripple is currently on bullish momentum. At 04:03 EST on Tuesday, 23 March, Ripple is at $0.57 and up by 10.29% in the last 24 hours.

Ripple Range

Over the last six hours, Ripple’s higher value was $0.58 and the lower value was $0.56.

Over the last twelve hours, Ripple’s higher value was $0.60 and the lower value was $0.55.

Regarding Ripple’s daily highs and lows, it’s 10.462% up from its trailing 24-hour low of $0.52 and 4.267% down from its trailing 24-hour high of $0.60.

In relation to Ripple’s yearly highs and lows, it’s 266.327% up from its 52-week low and 25.208% down from its 52-week high.

Volatility

Ripple’s last day, last week, and last month’s current volatility was 5.79%, 3.90%, and 4.31%, respectively.

Ripple’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 19.21% (day), 11.78% (last week), and 10.27% (last month), respectively.

Last news about Ripple

XRP purchasers back ripple, arguing that it is not a security. According to Coin Telegraph on Sunday, 21 March, “On Jan. 1, 2021, a group of XRP purchasers led by attorney John Deaton filed a petition seeking a writ of mandamus in the District of Rhode Island, asking the court to force the SEC to exclude their XRP tokens from the pending litigation against Ripple on the grounds that the plaintiffs had not purchased investment contracts. “, “These Ripple executives have stated that XRP was not designed to pay for a cup of coffee. “

News about Bitcoin

25 best Bitcoin gambling sites and crypto casinos in 2021. According to Business Insider on Sunday, 21 March, “With Ignition having an Unlimited 25% Bitcoin Match Bonusfor every deposit and Bovada having bitcoin bonuses on your first three deposits. “

Bitcoin network’s computing power: is it an accurate predictor of BTC price?. According to Coin Telegraph on Sunday, 21 March, “However, there have been periods of absolute dissonance, so maybe there is no direct relation between Bitcoin price and miners’ installed capacity.”, “Most likely, 2017 was an outlier when it comes to BTC price as Bitcoin entered a phase of parabolic price growth. “

Bitcoin price slides 5% after failing to break $60k — here’s why. According to Coin Telegraph on Sunday, 21 March, “Although Bitcoin has not seen tight correlation with the Dow Jones, it has seen close correlation with tech-heavy indices, like the S&P 500.”, “Despite getting closer to cleanly breaching past the key technical level, Bitcoin has been showing weakness in the $59,000 to $60,500 range.”

Bitcoin mining stocks have outperformed BTC by 455% over the past 12 months. According to Coin Telegraph on Monday, 22 March, “Shimron attributed the wild volatility in miner stocks to the lack of regulated crypto investment products in the United States, speculating that “until a Bitcoin ETF is approved, investors may view public mining companies as one of the only ways to get exposure to Bitcoin.” “Since the primary source of revenue is Bitcoin, these companies are fundamentally long [on] the industry – so investors are essentially making a ‘picks and shovels’ bet when they invest in miners.”, “The researcher concluded that for every 1% price move in BTC, Bitcoin mining shares move by 2.5% on average. “

Long-term investors continue to hodl despite $1t Bitcoin market cap. According to Coin Telegraph on Monday, 22 March, “The data shows that few long-term investors are tempted to sell their Bitcoin at current price levels, suggesting Bitcoin’s whales are hodling for higher prices and the current bull-trend could have much further to go.”, “It has also been reported that around a fifth of all BTC has been lost or stolen, suggesting the actual circulating supply of Bitcoin could be considerably lower, bolstering the scarcity of the asset.”

Skybridge capital latest to file Bitcoin ETF application with US SEC. According to Coin Telegraph on Monday, 22 March, “On March 11, New York-based asset manager WisdomTree submitted its latest application for a Bitcoin ETF, following an attempt to get a fund approved that would hold up to 5% of its portfolio in Bitcoin futures despite being focused on energy and metals in mid-2020.”, “New York-based investment firm SkyBridge Capital has filed for a Bitcoin (BTC) exchange-traded fund, or ETF, with the United States Securities and Exchange Commission.”

Exchange reserves plunge to pre-$61k lows: 5 things to watch in Bitcoin this week. According to Coin Telegraph on Monday, 22 March, “I’d say there’s a fair chance we’ll never see Bitcoin below $1T again.”, “As Cointelegraph reported, such adjustments are an essential, if not most important economic feature of the Bitcoin network, allowing it to adapt to changing miner activity and maintain security.”

Microsoft reportedly polling xbox users about Bitcoin payment option. According to Coin Telegraph on Monday, 22 March, “While it may be open to accepting Bitcoin as payment, Microsoft has no plans to make a bigger move into crypto like Tesla. “, “After briefly halting the payment option, Microsoft resumed Bitcoin payments for its MS Store in January. “

Bitcoin searches in Turkey spike 566% after turkish lira drops 14%. According to Coin Telegraph on Monday, 22 March, “According to data from Google Trends, the number of searches for Bitcoin spiked 566% in the hours immediately following news of the lira’s demise. “, “The uptick in the number of Bitcoin searches by Turkish citizens is an all-time high to date, representing almost double the number of searches recorded during the bull run of 2017-2018.”

Bitcoin uptrend not over: big whales aren’t selling btc, data shows. According to Coin Telegraph on Monday, 22 March, “Since the Bitcoin rally began to accelerate in November 2020, the seven-day average active address has increased in tandem. “, “Considering that big whales have been accumulating Bitcoin as the cryptocurrency consolidates between $55,000 and $59,000, the bull trend remains intact despite the rising U.S. 10-year Treasury yields.”

Anthony scaramucci is backing the latest bid for a Bitcoin ETF. According to Bloomberg Quint on Monday, 22 March, “Scaramucci’s SkyBridge also launched the SkyBridge Bitcoin Fund LP earlier this year, but that one only allows accredited investors to subscribe to it for a minimum investment of $50,000.”, “Issuers across the $6 trillion U.S. ETF industry are racing to win approval for the first Bitcoin fund after the digital coin skyrocketed almost 10-fold in the past 12 months. “

Bitcoin is ‘more a substitute for gold than the dollar’ — fed chair powell. According to Coin Telegraph on Monday, 22 March, “When asked whether he thought Bitcoin and other cryptocurrencies posed a threat to financial stability, Powell wheeled out familiar arguments that have long come from legacy finance figures.”, “Crypto assets – we call them ‘crypto assets’ – they’re highly volatile – see Bitcoin – and therefore not really useful as a store of value, and they’re not backed by anything,” he said.”They’re more of an asset for speculation, so they’re not particularly in use as a means of payment. “

Bitcoin (btc/usd) backs down, ethereum (eth/usd) sets range. According to DailyFX on Monday, 22 March, “This entailed another fresh all-time-high as Bitcoin mounted above the 60k figure for the first time ever.”, “This could perhaps be a bit of window dressing ahead of Quarter-end, with the recent bullish trend in Bitcoin showing the possibility of a deeper pullback while the flatter price action of Ethereum may offer some range setups in the week ahead.”

Bitcoin dubbed ‘far too costly’ in Norway as cashlessness rules. According to Bloomberg Quint on Monday, 22 March, “Norway recently emerged as the world’s most cashless society, but its central bank governor says people shouldn’t start turning to Bitcoin as an alternative.”, “Oystein Olsen, the governor of Norges Bank in Oslo, says it’s inconceivable that Bitcoin — the most popular cryptocurrency — will replace the money that’s currently controlled by central banks.”

Time magazine seeks CFO comfortable with Bitcoin and crypto. According to Coin Telegraph on Monday, 22 March, “According to the job details listed on LinkedIn, Time is seeking a chief financial officer with more than seven years of experience in executive leadership positions and who has “comfort with Bitcoin and cryptocurrencies.” The position will be based in the magazine’s corporate offices in New York City.”

Streaming tokens surge as Bitcoin price drops to the $54,000 support. According to Coin Telegraph on Monday, 22 March, “On-chain analysis shows that while BTC price struggles to climb back above $60,000, whale wallets have been in accumulation mode over the past 30 days indicating that some of the wealthiest Bitcoin holders still see more upside for the current bull market. “, “The macro picture for the cryptocurrency sector continues to improve as the globally recognized TIME magazine revealed that it is looking for a CFO who is comfortable with Bitcoin and cryptocurrencies as the publication has begun exploring the creation of one-of-a-kind non-fungible tokens based on some of its most iconic covers.”

Bitcoin rally slows as whales transfer wealth to retail investors. According to Coin Telegraph on Tuesday, 23 March, “Speaking to local media on March 21, he cited a general economic recovery amid COVID-19 vaccine rollouts and a likely waning interest in crypto assets should the recent trend of large corporations such as Tesla and MicroStrategy adding Bitcoin to their treasury reserves cease to continue as likely catalysts for a market reversal.”, “Analytics provider Glassnode is reporting that current on-chain indicators suggest the Bitcoin bull market may be entering into its later stages.”

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