Litecoin is currently on bearish momentum. At 15:03 EST on Friday, 26 February, Litecoin is at $174.70 and down by 10.39% in the last 24 hours.
Litecoin Range
Over the last six hours, Litecoin’s higher value was $179.49 and the lower value was $174.70.
Over the last twelve hours, Litecoin’s higher value was $179.49 and the lower value was $169.55.
Concerning Litecoin’s daily highs and lows, it’s 5.317% up from its trailing 24-hour low of $165.88 and 9.411% down from its trailing 24-hour high of $192.85.
Concerning Litecoin’s yearly highs and lows, it’s 583.223% up from its 52-week low and 28.972% 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.
News about Bitcoin
According to Business Insider on Tuesday, 23 February, “Bottlepay gained attention previously for allowing users to send small amounts of Bitcoin using social media channels such as Telegram. “, “Launching when Bitcoin is gaining so much interest and publicity can only help increase brand awareness and interest in our product.”
Bitcoin retreats after swings highlighted the risk of volatility. According to Bloomberg Quint on Tuesday, 23 February, “A monthly relative-strength index for Bitcoin is “extremely overbought,” the company’s chief market strategist Matt Maley wrote in a weekend note.”, “In the background are jitters that a global economic recovery from the pandemic will eventually prompt central banks to dial back easy-money policies that helped propel Bitcoin higher. “
Bitcoin tumbles below $50,000 as caution about rally takes hold. According to Bloomberg Quint on Tuesday, 23 February, “In recent tweets, Musk said Bitcoin prices “seem high,” having earlier called it a “less dumb” version of cash.”, “A monthly relative-strength index for Bitcoin is “extremely overbought,” the company’s chief market strategist Matt Maley wrote in a weekend note.”
Bitcoin needs a safe space for redditors to play. According to Bloomberg Quint on Tuesday, 23 February, “They include the Bitcoin Tracker exchange-traded note listed in Sweden by XBT Provider AB, nowworth about $2 billion, and an exchange-traded commodity issued by HANetf and listed in Germany that just surpassed $1 billion in assets.”, “Last week’s launch of a Bitcoin ETF on its northern doorstep should finally galvanize the U.S. regulator into action.”
Bitcoin is on the verge of a bear market. should you buy in now?. According to MarketWatch on Tuesday, 23 February, “Read: Bitcoin drops further below key $50,000 level after Yellen calls it ‘extremely inefficient’”
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, “Ark Investment owned 7.3 million shares of the Grayscale Bitcoin Trust at the end of 2020, according to a filing. “, “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, “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. “, “It also has important messages for governments and central banks, particularly in Europe and the United States, where several officials have warned about the Bitcoin phenomenon.”
Biggest Bitcoin fund sinks to a discount as traders flee. According to Bloomberg Quint on Thursday, 25 February, “The world’s biggest Bitcoin fund is selling off faster than the cryptocurrency itself.”, “It’s almost like the price of GBTC is an amplified version of Bitcoin price.”
Bitcoin heads for worst weekly slide in a year amid risk selloff. According to Bloomberg Quint on Friday, 26 February, “The dollar is strengthening, which is a good indication to expect a slide in Bitcoin and crypto.”, “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, “Now both EBIT funds carry a management fee of just 0.75% from 1% on their initial release making the Evolve Bitcoin ETF the lowest-management fee bitcoin ETF currently available in the market, bringing a valuable opportunity for investors.”, “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.”