Ripple On Bullish Momentum: 4.26% Up In The Last 6 Hours

Ripple is currently on bullish momentum. At 23:05 EST on Tuesday, 9 February, Ripple is at $0.49 and up by 4.26% in the last 6 hours.

Ripple Range

Over the last six hours, Ripple’s higher value was $0.49 and the lower value was $0.47.

Over the last twelve hours, Ripple’s higher value was $0.49 and the lower value was $0.46.

Regarding Ripple’s daily highs and lows, it’s 8.2% up from its trailing 24-hour low of $0.45 and 0.633% down from its trailing 24-hour high of $0.49.

Concerning Ripple’s yearly highs and lows, it’s 323.023% up from its 52-week low and 36.602% down from its 52-week high.

Volatility

Ripple’s last day, last week, and last month’s average volatility was 5.43%, 5.84%, and 5.97%, respectively.

Ripple’s last day, last week, and last month’s high and low average amplitude percentage was 8.40%, 11.70%, and 13.79%, respectively.

Last news about Ripple

According to FX Empire on Monday, 8 February, “On the other hand, Ripple was the crypto currency, which lost value due to their owners’ regulatory problems they are facing with the SEC.”

News about Bitcoin

Bill miller to allow opportunity fund to buy into Bitcoin trust. According to Bloomberg Quint on Monday, 8 February, “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.”, “The Miller Opportunity Trust may invest in the Grayscale Bitcoin Trust, a vehicle institutions use for Bitcoin exposure, a filing with the U.S. Securities and Exchange Commission shows. “

Bitcoin finds new momentum with prices approaching $40,000. 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.”, “In Bitcoin, famed fund manager Bill Miller extended his endorsement by reserving the right for his Miller Opportunity Trust to invest in the Grayscale Bitcoin Trust, a vehicle that institutions use for Bitcoin exposure, according to a U.S. regulatory filing.”

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, “We expect to begin accepting Bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis,” Tesla said in the securities filing.”, “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, “We expect to begin accepting Bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis,” Tesla said in a securities filing.”, “No other publicly-traded corporation tracked by the website holds more than $720 million of Bitcoin in its coffers.”

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, “Notably, Tesla invested $1.5 billion in Bitcoin and indicated its interest in accepting the cryptocurrency as a form of payment Monday. “, “This would send even more users to ‘Apple Exchange,’” Steves said, and would likely further boost Bitcoin prices.”

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, “Musk has flirted with Bitcoin for years and in December posted on Twitter a suggestive image indicating he was tempted by the token. “, “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, “And while Tesla announced plans to accept Bitcoin for purchases, hardly anyone uses the cryptocurrency for anything beyond speculation. “, “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, “There’s also a clearly observable market price for Bitcoin as it’s traded on exchanges. “, “Analysts will doubtless adjust Tesla’s reported financials to reflect the current value of its Bitcoin holdings but it’s an inelegant and less transparent approach.”

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. “, “The conference was meant to help corporate executives learn about the benefits of adopting Bitcoin in their portfolios.”

JPMorgan sees Tesla Bitcoin bet as too bold for others to follow. According to Bloomberg Quint on Tuesday, 9 February, “How sustained the rally becomes might depend on whether “less speculative” institutional flows materialize — such as those into the popular Grayscale Bitcoin Trust.”, “Tesla disclosed Monday it invested $1.5 billion in Bitcoin and intends to begin accepting the cryptocurrency as a form of payment. “

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.”