Ethereum is currently on bullish momentum. At 01:06 EST on Friday, 22 January, Ethereum is at $1,177.00 and up by 9.69% in the last 6 hours.
Ethereum Range
Over the last six hours, Ethereum’s higher value was $1,177.00 and the lower value was $1,073.04.
Over the last twelve hours, Ethereum’s higher value was $1,234.51 and the lower value was $1,073.04.
In relation to Ethereum’s daily highs and lows, it’s 9.688% up from its trailing 24-hour low of $1,073.04 and 10.352% down from its trailing 24-hour high of $1,312.91.
About Ethereum’s yearly highs and lows, it’s 1136.604% up from its 52-week low and 17.824% down from its 52-week high.
Volatility
Ethereum’s last day, last week, and last month’s average volatility was a negative 23.24%, a negative 1.44%, and a positive 2.08%, respectively.
Ethereum’s last day, last week, and last month’s high and low average amplitude percentage was 25.87%, 13.29%, and 13.00%, respectively.
Last news about Ethereum
Ethereum May surge sevenfold to $10,500, fundstrat global says. According to Bloomberg Quint on Wednesday, 20 January, “Strategist David Grider’s prediction is based in part on the popularity of the related Ethereum blockchain for so-called decentralized finance applications. “
Ethereum has exploded past $1,430 to set a new all-time high, outperforming Bitcoin’s year-to-date gain of 26%. According to Business Insider on Wednesday, 20 January, “The price of Ethereum shot past $1,430 on Tuesday, hitting a new all-time high for the cryptocurrency powering the world’s largest smart contract platform.”, “Over $25 billion worth of crypto assets have been locked into DeFi applications built on Ethereum over 2020, according to DeFi Pulse. “
Why this analyst can see ethereum skyrocketing to $10,500. According to Business Insider on Thursday, 21 January, “What Happened: Grider sees Ethereum as “the best risk/reward investment play in crypto,” as reported by Bloomberg.”, “Besides the rise of DeFi apps, Ethereum is also likely to benefit from its network upgrade that would allow it to process as many transactions as Visa Inc. (NYSE:V) or Mastercard Inc. (NYSE:MA), Grider noted.”
News about Bitcoin
JPMorgan sees Bitcoin crossing $40k again in coming weeks, if this key condition is met. According to Business Insider on Tuesday, 19 January, “The investors who tend to follow market trends “could propagate the past week’s correction” and “momentum signals will naturally decay from here up till the end of March” if Bitcoin does not cross the $40,000 mark in the coming weeks, the analysts reportedly said.”, “JPMorgan analysts see Bitcoin (BTC) continuing on its rally above the $40,000 mark, if the Grayscale Bitcoin Trust (OTC:GBTC) continues to sustain inflow above the $100 million mark every day in the coming weeks.”
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.”, “Once deposited money is in Bitcoin Profit account, traders can start making a profit daily with the chance to reinvest that money to keep increasing profit. “
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, “The Bitcoin fever is starting to break as worries about a market bubble discourages investors from buying in.”, “Ever since the market shot through all-time highs in early January, Bitcoin has been beset by volatility and skepticism that the run-up has been excessive.”
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, “Above-ground gold is valued – conservatively – at around $9 trillion, meaning if the twins are right about “using a gold framework to value Bitcoin, and Bitcoin continues on this path, then the bull case scenario for Bitcoin is that it is undervalued by a multiple of 45,” they said.”, “This week, Deutsche Bank published research that showed market players rated Bitcoin an 8.7 out of 10 on a bubble scale, with 10 being an ‘extreme bubble’.”
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, “In the past five years, Bitcoin had a low correlation with hedges, such as gold and Treasuries and the yen, making it potentially useful for investors managing a broad portfolio. “, “JPMorgan Chase & Co. cross-asset strategists have bad news for anyone on Wall Street betting that Bitcoin is the hottest way to diversify portfolios in a world short on hedges but big on valuation risk.”
Bitcoin plunge has newbies scrambling to google double-spend. According to Bloomberg Quint on Thursday, 21 January, “Instead of bank software handling electronic transfers, Bitcoin is transacted on a blockchain — basically a spreadsheet that logs when coins move and to where. “, “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, “Over the past eight years, with a diverse and creative team, Mercado Bitcoin has set out to build the financial market of the future. “, “Last year, Mercado Bitcoin also doubled in size, going from 100 people on the team to more than 200 people, and launched the world’s first token linked to soccer, the Vasco Token. “
Bitcoin drops close to $30,000 mark as head-turning rally stalls. According to Bloomberg Quint on Thursday, 21 January, “Grayscale Investments, which is behind a popular Bitcoin trust, saw total inflows of more than $3 billion across its products in the fourth quarter. “, “This level looks very vulnerable and a break below it is bad news in the near-term for Bitcoin and cryptos in general,” Craig Erlam, senior market analyst at Oanda Europe, wrote in a note Thursday. “
Bitcoin drops below $30,000 level as head-turning rally stalls. According to Bloomberg Quint on Thursday, 21 January, “Just this week, BlackRock Inc. dipped its toe into the crypto universe for the first time, saying cash-settled Bitcoin futures are among assets that two funds were permitted to buy.”, “This level looks very vulnerable and a break below it is bad news in the near-term for Bitcoin and cryptos in general,” Craig Erlam, senior market analyst at Oanda Europe, wrote in a note Thursday. “
Why this analyst is cautioning Bitcoin investors to have A ‘very strong stomach’ amid plunge. According to Business Insider on Friday, 22 January, “Why It Matters: Bitcoin has seen a major correction in the last two weeks after a dizzying rally that started in July last year saw it cross $40,000 from trading below the $10,000 level.”, “Price Action: Bitcoin traded 11.3% lower at $30,712.41 at press time on Thursday.”