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Polkadot USD (DOT1-USD) is currently on bullish momentum. At 15:13 EST on Sunday, 28 February, Polkadot USD (DOT1-USD) is at $33.18 and up by 5.17% in the last 6 hours.
Polkadot USD (DOT1-USD) Range
Over the last six hours, Polkadot USD (DOT1-USD)’s higher value was $33.18 and the lower value was $31.55.
https://www.youtube.com/watch?v=w0BIN8EVYAs
Over the last twelve hours, Polkadot USD (DOT1-USD)’s higher value was $33.18 and the lower value was $30.84.
Regarding Polkadot USD (DOT1-USD)’s daily highs and lows, it’s 7.588% up from its trailing 24-hour low of $30.84 and 5.443% down from its trailing 24-hour high of $35.09.
About Polkadot USD (DOT1-USD)’s yearly highs and lows, it’s 1133.457% up from its 52-week low and 1.426% down from its 52-week high.
Volatility
Polkadot USD (DOT1-USD)’s last day, last week, and last month’s average volatility was 8.20%, 7.28%, and 6.12%, respectively.
Polkadot USD (DOT1-USD)’s last day, last week, and last month’s high and low average amplitude percentage was 12.94%, 20.06%, and 13.91%, respectively.
News about Bitcoin
JPMorgan says investors could make Bitcoin 1% of portfolios. According to Bloomberg Quint on Thursday, 25 February, “JPMorgan Chase & Co. is the latest Wall Street firm floating the idea of investors using Bitcoin as a way to diversify their portfolios.”, “Through the insatiable buy-side pressure from exchange-traded fund issuers, close-ended funds and large public corporations adding Bitcoin to their positions, demand is massively outstripping supply,” said Annabelle Huang, partner at Amber Group.”
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.”, “She told Bloomberg News in 2015 — back when Bitcoin had just reached $500 — that she’d doubled her money in the coin amid emerging market volatility. “
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, “What is happening to the price of Bitcoin is indicative of broader developments that are relevant to the design and effectiveness of policies.”, “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, “The world’s biggest Bitcoin fund is selling off faster than the cryptocurrency itself.”, “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, “The trust has slumped 20% this week, with losses at one point racing past its underlying asset, as a once-massive price premium over Bitcoin has evaporated as investors cashed in on those gains, he said.”, “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. “
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.”, “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).”
According to Business Insider on Saturday, 27 February, “Wood, whose firm holds more thanseven million shares in the Grayscale Bitcoin Trust, believes that the digital token still has “trillions of dollars of market cap potential.”
5 reasons Bitcoin is superior to gold. According to Business Insider on Saturday, 27 February, “Authenticity: Bitcoin and altcoins can be verified on the blockchain in a matter of seconds. “, “Liquidity: Bitcoin is sold on any number of large, billion-dollar exchanges in a matter of seconds. “
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