Ripple is currently on bullish momentum. At 23:07 EST on Wednesday, 6 January, Ripple is at $0.28 and up by 10.77% in the last 6 hours.
Ripple Range
Over the last six hours, Ripple’s higher value was $0.28 and the lower value was $0.25.
Over the last twelve hours, Ripple’s higher value was $0.28 and the lower value was $0.24.
Concerning Ripple’s daily highs and lows, it’s 21.174% up from its trailing 24-hour low of $0.23 and 0.464% down from its trailing 24-hour high of $0.28.
Regarding Ripple’s yearly highs and lows, it’s 142.137% up from its 52-week low and 63.711% down from its 52-week high.
Volatility
Ripple’s last day, last week, and last month’s average volatility was a positive 10.63%, a positive 2.52%, and a negative 1.11%, respectively.
Ripple’s last day, last week, and last month’s high and low average amplitude percentage was 20.45%, 12.99%, and 16.31%, respectively.
Last news about Ripple
Ripple investor sues to force stock redemption after SEC claim. According to Bloomberg Quint on Tuesday, 5 January, “In concurrent filings that are public, the investment company said it seeks to “enforce its contractual right to require Ripple to redeem” Series C preferred stock held by Tetragon and to block Ripple from using any cash or other liquid assets until the payment is made.”, “Representatives of Ripple and of Tetragon didn’t immediately respond to requests for comment.”
News about Bitcoin
Ether follows Bitcoin to record high amid dizzying crypto rally. According to Bloomberg Quint on Monday, 4 January, “The digital currency Ether reached a record on Monday a day after Bitcoin breached $34,000 for the first time as the surge in cryptocurrencies continues.”, “Proponents of Bitcoin argue that it’s muscling in on gold as a hedge against U.S. dollar weakness and inflation risk, citing evidence of growing interest among institutional investors. “
Bitcoin falls most since March as volatility grips trading. According to Bloomberg Quint on Monday, 4 January, “Still, Bitcoin is up more than 300% over the past year, driven by a speculative fever from retail and institutional investors on the belief that cryptocurrencies are emerging as a mainstream asset class and can act as a store of value.”, “Believers in Bitcoin have pointed to the market’s supply constraints and supposedly rampant money printing by central banks as key drivers of bullish narrative. “
JPMorgan sees $146,000-plus Bitcoin price as long-term target. According to Bloomberg Quint on Tuesday, 5 January, “Bitcoin’s market capitalization of around $575 billion would have to rise by 4.6 times — for a theoretical Bitcoin price of $146,000 — to match the total private sector investment in gold via exchange-traded funds or bars and coins, strategists led by Nikolaos Panigirtzoglou wrote in a note. “, “This implies that the above-$146,000 theoretical Bitcoin price target should be considered as a long-term target, and thus an unsustainable price target for this year.”
According to CNBC on Tuesday, 5 January, “Many institutional investors are using investment vehicles like Grayscale’s Bitcoin Trust as a means of buying into bitcoin. “, “According to JPMorgan, more than $3 billion has flowed into the Grayscale Bitcoin Trust since mid-October while gold ETFs have bled $7 billion.”
Coindesk buys tradeblock, joining rush for Bitcoin analytics. According to The Wall Street Journal on Tuesday, 5 January, “Its most notable product is a bitcoin price index called the XBX that is used as the reference rate, or benchmark price, for investment funds such as the Grayscale Bitcoin Trust .”
Bitcoin could soon be worth $146,000. here’s how it would get there. According to MarketWatch on Tuesday, 5 January, “JPMorgan says that by one measure, bitcoincurrently consumes 3.4 times more risk capital than gold and over 5 times more, if comparing the Grayscale Bitcoin Trust versus the SPDR Gold Shares , the largest gold ETF by asset.”
Gamblers could use Bitcoin at slot machines with new patent. According to Bloomberg Quint on Tuesday, 5 January, “That means players could move Bitcoin into their virtual wallets on a slot machine using their phones.”, “While Bitcoin isn’t widely used in transactions, some users have been known to buy expensive cars, houses and boats with the cryptocurrency. “
Scaramucci sees massive gains for Bitcoin in comparison to gold. According to Bloomberg Quint on Tuesday, 5 January, “Scaramucci says Bitcoin may be volatile but he compared owning it to buying shares of Amazon.com Inc. when the company went public more than two decades ago. “, “SkyBridge announced a Bitcoin fund for affluent investors, with the SkyBridge Bitcoin Fund LP debuting Monday. “
According to Business Insider on Tuesday, 5 January, “While a few options exist, like the aforementioned Grayscale Bitcoin Trust, bitcoin ETFs remain scarce: In the US, the SEC has refused (as of early 2021) to allow them, due to the difficulty of accurately assessing the currency’s value and liquidity.”
Bitcoin tops $35,000 to set another record as wild swings resume. According to Bloomberg Quint on Wednesday, 6 January, “More institutions and noted investors, from Paul Tudor Jones to Scott Minerd and Stan Druckenmiller, have either started allocating funds into Bitcoin or have said they’re open to doing so.”
Bitcoin – the surge, the outlook, and the beneficiaries. According to FX Empire on Wednesday, 6 January, “Japan’s MTGOX K.K., would see its Bitcoin holdings rise from $1.1bn to $14.2bn should Bitcoin reach $100,000 in the year ahead.”, “So, we may not see public and private companies purchase Bitcoin in the numbers seen to-date.”
Fintech startups like revolut and luno are seeing a boom in demand from consumers rushing to invest in cryptocurrencies amid major Bitcoin interest. According to Business Insider on Wednesday, 6 January, “Revolut says the average age of a user buying cryptocurrencies on its platform is 33, while eToro says Bitcoin owners are 35 on average, and Ethereum buyers are 33.”
Bill miller says corporate cash could fuel a Bitcoin ‘torrent’. According to Bloomberg Quint on Wednesday, 6 January, “If inflation picks up, or even if it doesn’t, and more companies decide to diversify some small portion of their cash balances into Bitcoin instead of cash, then the current relative trickle into Bitcoin would become a torrent,” Miller of Miller Value Partners LLC wrote in a blog post published Jan. 5.”, “Miller joins a growing but still small chorus of names suggesting Bitcoin could be a part of corporate treasuries, something a handful of companies have already taken up. “
Veteran investor bill miller flips warren buffett’s Bitcoin snub to argue crypto beats cash. According to Business Insider on Wednesday, 6 January, “The Miller Value Partners boss and former Legg Mason investment chief pointed out that Bitcoin has outperformed all major asset classes in recent years. “, “If more companies swap cash for crypto, “the current relative trickle into Bitcoin would become a torrent,” he added.”
Jump in active Bitcoin accounts nears high set before 2018 crash. According to Bloomberg Quint on Wednesday, 6 January, “About 82% of all Bitcoin supply was held in accounts that have been active in the last six months as of Jan. 4, according to researcher Flipside Crypto. “, “The number of active Bitcoin accounts is approaching the all-time peak reached just before the notorious volatile cryptocurrency crashed three years ago.”
Crypto market value tops $1 trillion as Bitcoin breaches $37,000. According to Bloomberg Quint on Thursday, 7 January, “Active Bitcoin accounts are nearing their all-time high levels of late 2017, according to researcher Flipside Crypto — possibly a sign that some holders are planning to sell. “, “Some traders pointed to JPMorgan Chase & Co.’s long-term Bitcoin price forecast of $146,000 as possibly fueling the rally. “