Litecoin is currently on bullish momentum. At 23:04 EST on Friday, 26 February, Litecoin is at $176.37 and up by 5.56% in the last 6 hours.
Litecoin Range
Over the last six hours, Litecoin’s higher value was $179.56 and the lower value was $167.08.
Over the last twelve hours, Litecoin’s higher value was $179.56 and the lower value was $167.08.
In relation to Litecoin’s daily highs and lows, it’s 6.324% up from its trailing 24-hour low of $165.88 and 1.777% down from its trailing 24-hour high of $179.56.
In relation to Litecoin’s yearly highs and lows, it’s 589.754% up from its 52-week low and 28.293% down from its 52-week high.
Volatility
Litecoin’s last day, last week, and last month’s average volatility was 1.39%, 5.60%, and 5.62%, respectively.
Litecoin’s last day, last week, and last month’s high and low average amplitude percentage was 16.31%, 15.84%, and 11.74%, respectively.
Last news about Litecoin
According to FX Empire on Saturday, 27 February, “Binance Coin (-5.50%), Crypto.com Coin (-6.87%), Litecoin (-5.07%) led the way down.”
News about Bitcoin
Bitcoin bet sparks rally at Japan’s most expensive brokerage. According to Bloomberg Quint on Wednesday, 24 February, “Even after a pullback during a sell-off in Bitcoin in recent days, Monex is the most expensive stock on an index of Japanese securities companies, with a price of more than three times the book value of its assets.”, “The soaring price of Bitcoin has spurred trading activity and encouraged more individual investors to jump into the fray.”
Bitcoin climbs past $50,000 after backing from ark’s cathie wood. According to Bloomberg Quint on Wednesday, 24 February, “Tesla Inc. Chief Executive Officer Elon Musk in recent tweets said Bitcoin prices “seem high,” having earlier called it a “less dumb” version of cash. “, “Treasury Secretary Janet Yellen said Bitcoin is an “extremely inefficient way of conducting transactions.”
Bitcoin climbs after renewed backing from ark’s cathie wood. According to Bloomberg Quint on Wednesday, 24 February, “Tesla Inc. Chief Executive Officer Elon Musk in recent tweets said Bitcoin prices “seem high,” having earlier called it a “less dumb” version of cash. “, “Treasury Secretary Janet Yellen said Bitcoin is an “extremely inefficient way of conducting transactions.”
According to CNBC on Wednesday, 24 February, “However, Bitcoin is still up more than 70% year-to-date and over 400% in the last 12 months.”
JPMorgan says investors could make Bitcoin 1% of portfolios. According to Bloomberg Quint on Thursday, 25 February, “BNY Mellon has announced plans to hold, transfer and issue the digital currency for its clients, while assets in the Grayscale Bitcoin Trust have more than doubled to $33.5 billion since December.”, “JPMorgan Chase & Co. is the latest Wall Street firm floating the idea of investors using Bitcoin as a way to diversify their portfolios.”
Wood says Bitcoin has trillions in market cap potential. According to Bloomberg Quint on Thursday, 25 February, “The dollar is down which is normally a positive cue for gold, but gold is down at the same time, Bitcoin is up,” she said.”, “When you think the market cap of Bitcoin is roughly $950 billion, think about that in the context of an Apple,” she said. “
According to Business Insider on Thursday, 25 February, “Since holders of Bitcoin and single name stocks have the same risk preference around macro shocks such as in interest rates, there is a risk of simultaneous deleveraging in both of these assets.”
Bitcoin rally sends 3 signals to governments. According to Bloomberg Quint on Thursday, 25 February, “More companies are having to consider the possibility that Bitcoin is evolving into a more widely used form of payment and store of value, two key characteristics of money. “, “Others have been pushed to Bitcoin in search ofa financial risk mitigator when yields on government bonds are low, though a little less so recently, and when their traditional negative correlation with risk assets, such as stocks, has weakened significantly. “
Biggest Bitcoin fund sinks to a discount as traders flee. According to Bloomberg Quint on Thursday, 25 February, “It’s almost like the price of GBTC is an amplified version of Bitcoin price.”, “The $32 billion Grayscale Bitcoin Trust (ticker GBTC) has plunged 20% this week, outpacing a 13% decline in the world’s largest cryptocurrency. “
Bitcoin heads for worst weekly slide in a year amid risk selloff. According to Bloomberg Quint on Friday, 26 February, “Heavy selling in the Grayscale Bitcoin Trust, the world’s largest such fund, as well as the expiry of Bitcoin options are also contributing to the volatility, Ayyar said. “, “The rough patch for Bitcoin comes amid wider chaos in global markets, as a surge in bond yields heralds growing expectations that growth and inflation are moving higher and forcing traders to reevaluate their positions across multiple asset classes. “
A look under the hood of one of the world’s first Bitcoin etfs. According to Business Insider on Friday, 26 February, “Benzinga spoke with Raj Lala, President and CEO, and Elliot Johnson, Chief Investment Officer at Evolve ETFs, who are the key principals responsible for shaping the Evolve Bitcoin ETF (TSX:EBIT).”, “CF Benchmarks draws transparent real-time price from five publicly available bitcoin exchanges, whereas the other bitcoin ETF on the market, the Purpose Bitcoin ETF (TSX:BTCC), utilizes TradeBlock XBX which references just four.”