Ripple On Bullish Momentum: 6.29% Up In The Last 6 Hours

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Ripple is currently on bullish momentum. At 13:03 EST on Monday, 22 March, Ripple is at $0.60 and up by 6.29% in the last 6 hours.

Ripple Range

Over the last six hours, Ripple’s higher value was $0.60 and the lower value was $0.56.

Over the last twelve hours, Ripple’s higher value was $0.60 and the lower value was $0.52.

About Ripple’s daily highs and lows, it’s 16.706% up from its trailing 24-hour low of $0.51 and 0.8% down from its trailing 24-hour high of $0.60.

In relation to Ripple’s yearly highs and lows, it’s 298.928% up from its 52-week low and 22.5% down from its 52-week high.

Volatility

Ripple’s last day, last week, and last month’s current volatility was 1.39%, 3.22%, and 4.43%, 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 9.30% (day), 9.77% (last week), and 10.32% (last month), respectively.

Last news about Ripple

Ripple appoints former Uber exec to lead southeast asian expansion. According to Coin Telegraph on Friday, 19 March, “We’re excited to welcome Brooks to lead the charge as Ripple doubles down on efforts to further our phenomenal growth in the region,” said Birla.”, “General manager of RippleNet, Asheesh Birla, said Entwistle’s appointment was indicative of the need for region-specific knowledge as Ripple negotiates with banks from various countries in Southeast Asia.”

XRP purchasers back ripple, arguing that it is not a security. According to Coin Telegraph on Sunday, 21 March, “Since regulated exchanges are not allowed to trade in unregistered securities, this is a rational decision for these businesses, but the consequence of these changes is likely to be devastating to Ripple and persons holding XRP tokens.”, “While the foregoing analysis indicates substantial flaws with the arguments in Deaton’s petition and also supports the conclusion that XRP really is an investment contract, this should not be taken as justification for the SEC’s decision to bring an enforcement action against Ripple at this point in time. “

News about Bitcoin

Fiat food? Bitcoin big mac index crashes below 10,000 satoshis for the first time ever. According to Coin Telegraph on Friday, 19 March, “The Bitcoin equivalent is something of a tongue-in-cheek commentary on both fiat and food.”, “Circulated on social media by Preston Pysh, host of The Investor’s Podcast, it shows a peak for MSTR last month before Bitcoin’s continued rise coincided with a broader sell-off among tech stocks, including those with Bitcoin exposure.”

SBI crypto’s Bitcoin mining pool goes public. According to Coin Telegraph on Friday, 19 March, “It mines three assets, Bitcoin (BTC), Bitcoin Cash (BCH) and Bitcoin SV (BSV), with a revenue measured in dollars per terahash per day of$0.3897,$0.3805and$0.3519respectively.”, “SBI Holdings’ multiple cryptocurrency ventures via various subsidiaries to date have included theintroduction of a Bitcoin lending service through its crypto investment subsidiary SBI VC Tradeandacquisition of crypto exchange TaoTao via itsforeign exchange and derivatives arm.”

Bitcoin is now ‘too important to ignore’, deutsche bank says. According to Coin Telegraph on Friday, 19 March, “Deutsche Bank analysts suggested that the Bitcoin price “could continue to rise” further as long as asset managers and companies continue to enter the market. “, “In the 18-page study, Deutsche Bank Research describes the basic characteristics of Bitcoin and analyzes the key drivers of its historical price growth to a $1 trillion asset.”

Supercycle May propel Bitcoin over $1 million, kraken’s dan held says. According to Coin Telegraph on Friday, 19 March, “According to Dan Held, growth lead at Kraken, Bitcoin is currently experiencing a supercycle that could propel it all the way to $1 million.”, “Held is also convinced that once Bitcoin will reach its full potential as digital gold, it will challenge governments’ monopoly over money.”

Bitcoin price facing final resistance before $68k?. According to Coin Telegraph on Friday, 19 March, “The bearish divergence becomes valid once previous resistance zones turn into resistances once again, but more importantly, once the price of Bitcoin starts to make lower lows.”

Bitcoin miners back hash rate derivative defi project on BSC. According to Coin Telegraph on Friday, 19 March, “The Standard Hashrate project is an attempt to bridge the world of Bitcoin mining with decentralized finance, securitizing proof-of-work rewards. “, “Tony Ma, CEO of Atlas Mining, commented on the news:”We believe BTCST has connected Bitcoin mining to the DeFi world. “

Key Bitcoin price metric shows pro traders increased their BTC longs. According to Coin Telegraph on Friday, 19 March, “After marking a $61,750 all-time high on March 13, Bitcoin has been trying to find new support levels. “, “This data corroborates with the exchanges’ long-to-short ratio and displays investors confidence in Bitcoin breaking to a new all-time high in the short-term.”

According to Business Insider on Friday, 19 March, “The Purpose Bitcoin ETF was approved in Canada and launched by Purpose Investments in mid-February on the Toronto Stock Exchange. “, “That’s less than half the cost of the popular Grayscale Bitcoin Trust, which charges an annual fee of 2.00% and is now the largest public holder of bitcoin.”

Bullishness for Bitcoin continues despite its struggle to reclaim $60,000. According to Coin Telegraph on Friday, 19 March, “Chad Steinglass, head of trading at crypto capital markets firm CrossTower recently discussed the pressures Bitcoin faced at the $60,000 level and pointed out that the top cryptocurrency has faced “at least some resistance at every round number on the way up,” and that once a resistance level is surpassed, it then becomes support.”, “Data from Cointelegraph Markets and TradingView shows that after being rejected at the $60,000 level on March 18, the price of Bitcoin hit a low of $56,268 in the early hours on Friday before dip buyers returned to help lift the price back above $58,500. “

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, “Hash rate refers to the overall computing power involved in validating transactions on the Bitcoin (BTC) blockchain. “, “However, there have been periods of absolute dissonance, so maybe there is no direct relation between Bitcoin price and miners’ installed capacity.”

Bitcoin price slides 5% after failing to break $60k — here’s why. According to Coin Telegraph on Sunday, 21 March, “It’s only been 3 months since Bitcoin broke the $19.7k all-time-high of the last macro cycle. “, “For Bitcoin to see a sustainable rally, it needs to see a favorable macro landscape, which would only be possible through the stabilization of U.S.”

Bitcoin mining stocks have outperformed BTC by 455% over the past 12 months. According to Coin Telegraph on Monday, 22 March, “Despite the top publicly-listed Bitcoin mining firms operating at losses, their share prices have dramatically outperformed BTC over the past 12 months.”, “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.”

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, “Commenting on the data to CNBC, Shimron, said:”Until a Bitcoin ETF is approved, investors may view public mining companies as one of the only ways to get exposure to Bitcoin.”, “In January, the SEC also received separate applications for Bitcoin ETFs from major exchange-traded product-issuer VanEck and Texas-based Valkyrie Digital assets.”

Exchange reserves plunge to pre-$61k lows: 5 things to watch in Bitcoin this week. According to Coin Telegraph on Monday, 22 March, “Two days of disappointment has greeted Bitcoin traders as last weekend’s rally failed to see a repeat performance.”, “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, “Microsoft is now asking Xbox users about #Bitcoin pic.twitter.com/TjuY18L5Wh- Documenting Bitcoin (@DocumentingBTC) March 21, 2021”, “Which of these other payment methods would you like to use on Xbox?,” the purported survey asks, listing Bitcoin as one of the potential payment methods. “

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. “, “Google searches for Bitcoin (BTC) emanating from Turkey exploded in the past 24 hours, after the value of the Turkish lira dropped 14% following the firing of a central bank governor.”

Bitcoin uptrend not over: big whales aren’t selling btc, data shows. According to Coin Telegraph on Monday, 22 March, “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.”, “The price of Bitcoin (BTC) is consolidating between the $55,000 to $59,000 range, establishing the mid-$50,000 region as a support area. “

Anthony scaramucci is backing the latest bid for a Bitcoin ETF. According to Bloomberg Quint on Monday, 22 March, “The goal is that the total value held by the First Trust SkyBridge Bitcoin ETF Trust is as close to 100% of the net assets “as reasonably practicable to achieve,” it said.”, “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.”

Bitcoin is ‘more a substitute for gold than the dollar’ — fed chair powell. According to Coin Telegraph on Monday, 22 March, “While Bitcoin (BTC) is too volatile to be money and is “backed by nothing,” it could be a “substitute for gold,” said the chair of the United States Federal Reserve.”, “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.”, “By comparison to Bitcoin above, ETH/USD has been range-bound with a consistency of support around the 61.8% retracement of the February sell-off. “



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