Litecoin is currently on bearish momentum. At 15:03 EST on Wednesday, 10 February, Litecoin is at $179.68 and down by 6.42% in the last 12 hours.
Litecoin Range
Over the last six hours, Litecoin’s higher value was $180.63 and the lower value was $175.95.
Over the last twelve hours, Litecoin’s higher value was $191.22 and the lower value was $175.95.
Regarding Litecoin’s daily highs and lows, it’s 2.428% up from its trailing 24-hour low of $175.42 and 6.363% down from its trailing 24-hour high of $191.89.
Concerning Litecoin’s yearly highs and lows, it’s 602.698% up from its 52-week low and 7.41% down from its 52-week high.
Volatility
Litecoin’s last day, last week, and last month’s average volatility was 8.90%, 6.60%, and 5.62%, respectively.
Litecoin’s last day, last week, and last month’s high and low average amplitude percentage was 11.51%, 10.10%, and 11.57%, respectively.
Last news about Litecoin
According to FX Empire on Monday, 8 February, “Ethereum (-3.84%), and Litecoin (-3.22%), Polkadot (-2.16%), and Ripple’s XRP (-5.48%) also saw relatively heavy losses.”
According to FX Empire on Wednesday, 10 February, “Bitcoin Cash SV (+13.22%), Chainlink (+8.61%), and Litecoin (+8.54%) trailed in spite of strong rallies.”, “Chainlink and Litecoin were down by 0.54% and by 0.80% to buck the trend early on.”
News about Bitcoin
Bill miller to allow opportunity fund to buy into Bitcoin trust. According to Bloomberg Quint on Monday, 8 February, “Miller’s fund would be prohibited from additional investing in the Grayscale trust if its aggregate Bitcoin exposure tops 15%.”, “The Friday filing pointed out that currently “there is relatively small use of Bitcoin in the retail and commercial marketplace in comparison to the relatively large use of Bitcoin by speculators,” leading to price volatility.”
Bitcoin finds new momentum with prices approaching $40,000. According to Bloomberg Quint on Monday, 8 February, “After a brief dip this month, Bitcoin is climbing once again as enthusiasts tout the digital asset as a hedge against inflation and store of value in a world awash with stimulus and rampant central-bank money printing.”, “This suggests that Bitcoin available to buy remains scarce despite record prices,” wrote Philip Gradwell, chief economist at the blockchain research firm.”
Bitcoin surges above $42,000 after Tesla discloses investment. According to Bloomberg Quint on Monday, 8 February, “If retail and institutional interest continues to grow over the next month, Bitcoin could target the $45,000 level,” said Edward Moya, a senior market analyst at forex broker Oanda Corp.”
Tesla bets big on Bitcoin, plans to accept cryptocurrency. According to Bloomberg Quint on Monday, 8 February, “Musk has often tweeted about cryptocurrency-related topics and earlier this month called Bitcoin “a good thing” in an interview. “, “The leading electric-car maker’s embrace of Bitcoin lends increased legitimacy to electronic currencies, which have become more of a mainstream asset in recent years despite skepticism from some. “
Tesla trails only microstrategy in treasury Bitcoin allocation. According to Bloomberg Quint on Monday, 8 February, “No other publicly-traded corporation tracked by the website holds more than $720 million of Bitcoin in its coffers.”, “Tesla Inc.’s announcement that it invested $1.5 billion in Bitcoin has made the electric automaker the second largest publicly-traded corporate holder of the digital currency, according to data from bitcointreasuries.org.”
Crypto stocks rally with Tesla pushing Bitcoin above $44,000. According to Bloomberg Quint on Monday, 8 February, “which is led by Bitcoin advocate Jack Dorsey and which put $50 million in Bitcoin on a crypto “empowerment bet” in October, gained as much as 9.9% to a fresh record.”
Apple should create crypto exchange and buy Bitcoin, says RBC. According to Bloomberg Quint on Monday, 8 February, “RBC’s comments come at a time when companies have been showing more interest in Bitcoin and other cryptocurrencies. “, “Notably, Tesla invested $1.5 billion in Bitcoin and indicated its interest in accepting the cryptocurrency as a form of payment Monday. “
Crypto comes to S&P 500 via Tesla’s $1.5 billion Bitcoin bet. According to Bloomberg Quint on Monday, 8 February, “Founder Elon Musk opened a new chapter in the saga of his electric-vehicle maker with a disclosure Monday that Tesla invested $1.5 billion in Bitcoin and intends to begin accepting the cryptocurrency as a form of payment. “, “While Tesla’s Bitcoin purchase indirectly exposes S&P 500 investors to crypto, at least one knowledgeable observer doubts it would’ve kept the carmaker out of the storied index.”
Miami Mayor who backs Bitcoin wants city to hold crypto assets. According to Bloomberg Quint on Monday, 8 February, “Miami Mayor Francis Suarez said he is working on a resolution to add Bitcoin to the city’s balance sheet.”, “Suarez has been vocal about how the the city should allow certain types of Bitcoin transactions and invest in the cryptocurrency, and this resolution would mark the first concrete step. “
Novogratz sees Bitcoin at $100,000, ‘every’ company adopting. According to Bloomberg Quint on Monday, 8 February, “One of the things that connect Bitcoin, and Tesla and solar stocks and ESG investing is millennials and Gen Z, young people are buying into the future, and they see cryptocurrencies — Bitcoin and other cryptos — as their currencies,” he said.”, “Between corporations adding Bitcoin to treasury funds and the city of Miami also considering adding the cryptocurrency to its balance sheet, “It doesn’t have to be a lot. “
Bitcoin is the scarcest asset, microstrategy CEO saylor says. According to Bloomberg Quint on Monday, 8 February, “He also inquired about converting “large transactions” on Tesla’s balance sheet into Bitcoin in a Twitter exchange with Saylor. “, “Once people start thinking about what they want, which is a non-sovereign, safe-haven store of value, they’re going to realize that Bitcoin does the job of gold better, and you’re seeing all of the institutional flows move out of gold into Bitcoin.”
Bitcoin surges past $47,000 for first time after Tesla purchase. According to Bloomberg Quint on Tuesday, 9 February, “A rally was also evident in Bitcoin futures, suggesting shorts are throwing in the towel and signaling traders won’t fight the crypto advance. “
Tesla boots the Bitcoin bandwagon closer to corporate america. According to Bloomberg Quint on Tuesday, 9 February, “Tesla Inc.’s purchase of $1.5 billion in Bitcoin may have forced cryptocurrencies onto the agenda of corporate treasurers worldwide.”, “Some sectors may warm to Bitcoin more quickly than others, with tech firms and financial companies likely to be more disposed to the idea of digital currencies, according to Fundstrat.”
The possible xinjiang coal link in Tesla’s Bitcoin binge. According to Bloomberg Quint on Tuesday, 9 February, “There’s a pretty good chance that any new Bitcoin generated after the cryptocurrency’s Elon Musk-aided surge toward $50,000 will be sourced using cheap coal power in China’s Xinjiang.”
Elon Musk’s Bitcoin bet is a bean counter’s nightmare. According to Bloomberg Quint on Tuesday, 9 February, “Iteven decided to make Bitcoin its primary treasury reserve asset, and so far the decision has paid off: Its holdings have almost trebled in value. “, “Business analytics company MicroStrategy Inc. had invested a whopping $1.1 billion in Bitcoin as of Dec.31. “
According to Business Insider on Tuesday, 9 February, “Michael Saylor-a noted Bitcoin bull and CEO of business intelligence firm MicroStrategy-held a conference called “Bitcoin for Corporations” on February 3 and 4. “, “Once people start thinking about what they want, which is a non-sovereign, safe-haven store of value, they’re going to realize that Bitcoin does the job of gold better, and you’re seeing all of the institutional flows move out of gold into Bitcoin,” Saylor concluded.”
JPMorgan sees Tesla Bitcoin bet as too bold for others to follow. According to Bloomberg Quint on Tuesday, 9 February, “Tesla disclosed Monday it invested $1.5 billion in Bitcoin and intends to begin accepting the cryptocurrency as a form of payment. “, “How sustained the rally becomes might depend on whether “less speculative” institutional flows materialize — such as those into the popular Grayscale Bitcoin Trust.”
Reddit user who leaked Tesla’s Bitcoin investment news was just high. According to Business Insider on Wednesday, 10 February, “A Reddit poster who claimed to be in the know of Tesla Inc’s (NASDAQ:TSLA) investment in Bitcoin (BTC) has confirmed that the information he made public on Jan. 2 was not true, the New York Post reported Tuesday.”, “What Happened: After Tesla made its Bitcoin investment announcement on Monday, attention turned to the Reddit post by the user TSLAInsider made five-weeks prior.”
Why a U.S. Bitcoin ETF could be a real thing in 2021. According to Bloomberg Quint on Wednesday, 10 February, “Furthermore, Treasury Secretary Janet Yellen noted that Bitcoin is an area of concern for terrorist and criminal financing. “, “Yet with the world’s largest digital coin rallying to new heights and a change of leadership at the Securities and Exchange Commission, the prospect of a first U.S. Bitcoin ETF appears to be rising.”
Bitcoin declines in the wake of Tesla-inspired euphoria. According to Bloomberg Quint on Wednesday, 10 February, “While Bitcoin is gaining traction among big league financial players like Elon Musk — who announced Monday that Tesla added the token to its balance sheet — Wednesday’s losses underscore the speculative and volatile nature of the coin. “
Bitcoin is red hot. can it ever be green?. According to Bloomberg Quint on Wednesday, 10 February, “Even as prices have been going crazy, it’s hardly made a ripple in power markets, according to analysts at BloombergNEF, although in Iran, government officials pointed to Bitcoin miners as one cause of a rash of blackouts when cold weather strained the country’s power grid. “, “While it uses lots of power, Bitcoin sucks up a tiny fraction of the electricity generated around the world. “