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Polkadot USD (DOT1-USD) is currently on bearish momentum. At 20:06 EST on Saturday, 20 March, Polkadot USD (DOT1-USD) is at $37.34 and down by 5.68% in the last 6 hours.
Polkadot USD (DOT1-USD) Range
Over the last six hours, Polkadot USD (DOT1-USD)’s higher value was $39.46 and the lower value was $37.34.
https://www.youtube.com/watch?v=w0BIN8EVYAs
Over the last twelve hours, Polkadot USD (DOT1-USD)’s higher value was $40.03 and the lower value was $37.34.
Concerning Polkadot USD (DOT1-USD)’s daily highs, it’s 6.72% down from its trailing 24-hour high of $40.03
In relation to Polkadot USD (DOT1-USD)’s yearly highs and lows, it’s 0% down from its 52-week low and 0% down from its 52-week high.
Volatility
Polkadot USD (DOT1-USD)’s last day, last week, and last month’s current volatility was 1.75%, 2.95%, and 4.26%, respectively.
Polkadot USD (DOT1-USD)’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 4.20% (day), 7.65% (last week), and 11.54% (last month), respectively.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions,
Polkadot USD (DOT1-USD)’s stock is considered to be overbought (>=80).
News about Bitcoin
Bank of America analyst slams Bitcoin: buying 1 BTC is ‘like owning 60 cars’. According to Coin Telegraph on Thursday, 18 March, “Bank of America analyst Francisco Blanch has slammed Bitcoin as “exceptionally volatile”, “impractical” and an environmentally disastrous asset that’s useless as a store of wealth or an inflation hedge.”, “While Bitcoiners often cite figures suggesting that between 39% and 76% of Bitcoin mining uses renewable energy, BoA’s report asserts that in fact three quarters of BTC mining occurs in China where more than half of electricity is produced by coal. “
‘deflationary’ eth2 could flip Bitcoin: messari analyst. According to Coin Telegraph on Thursday, 18 March, “He posted the question: “If Ethereum is more secure and it [has] a stronger monetary policy, well then what is the bull case for Bitcoin in this scenario?”, “The index suggests Ethereum has already overtaken Bitcoin by node count, transaction count, and total transaction fees.”
According to Business Insider on Thursday, 18 March, “Responding to the announcement, the Documenting Bitcoin team said: “You can now send and receive #bitcoin for free on Cash App as easily as you can send dollars! “
Bitcoin worth the risk for stimulus check recipients despite pressing needs: poll. According to Coin Telegraph on Thursday, 18 March, “Most Americans who expect to receive the next round of relief bill stimulus checks will use the money to buy necessities and pay off debts, but some are still willing to invest in cryptocurrencies like Bitcoin (BTC), a new poll reveals.”, “Of that group, around half invested in cryptocurrencies like Bitcoin and Ether (ETH) specifically.”
SEC has 45 days to respond to vaneck Bitcoin ETF filing. According to Coin Telegraph on Thursday, 18 March, “VanEck was one of the BTC ETF hopefuls back in 2017 when several companies were looking to gain SEC approval for a Bitcoin ETF.”, “Indeed, the month of February saw Canadian securities regulators approve a couple of Bitcoin ETFs, becoming the first of such investment products in North America. “
Bitcoin can be sent with a tweet as bottlepay twitter app goes live. According to Coin Telegraph on Thursday, 18 March, “Transactions between Twitter users can now apparently take place using the simple tweet template “@bottlepay send 1,000 sats to @twitteruser.” The command can be executed from directly within the Twitter app, and the Bitcoin is transferred from one user to another automatically.”, “Given the extent to which Bitcoin transaction fees exploded from 2020 into 2021, the coin’s suitability for use in a daily, social payments app could reasonably be brought into question. “
Bitcoin ‘better than gold’ if you study it, fund manager tells mainstream media. According to Coin Telegraph on Thursday, 18 March, “The comments fly in the face of staunch gold bugs, notably Peter Schiff, who remains convinced that Bitcoin will fail, leaving gold as the sole choice to escape the perils of central bank economic policy.”, “With Bitcoin surging in 2021, questions continue to be asked about whether the gains are coming at the expense of gold, which has failed to capitalize on risks associated with global government money printing.”
Ethereum fails to break out vs. Bitcoin as treasury yields soar — will ETH relief rally?. According to Coin Telegraph on Thursday, 18 March, “Ether (ETH), the native cryptocurrency of Ethereum, has failed to break out once more against Bitcoin (BTC) with BTC/USDrallying by more than 8% on March 18.”, “The 10-year U.S. Treasury yield’s momentum is likely the main catalyst behind Bitcoin and ETH’s weakening momentum in the past 12 hours, as the inverse correlation shows in the chart below.BTC/USD (blue) vs. ETH/USD (orange) vs. TY10 (light blue). “
Would a US wealth tax push millionaires to Bitcoin adoption?. According to Coin Telegraph on Thursday, 18 March, “It’s foolish to think that they (as well as anyone) will look to Bitcoin as a way to ‘hide’ their wealth given that bitcoin leaves a permanent digital footprint.”Better ways”, “Douglas Borthwick, chief marketing officer at digital asset firm INX, said that viewing digital assets and Bitcoin (BTC) as a place to hide wealth is “rather off-base.” While U.S. tax residents can still buy Bitcoin on offshore platforms without rigorous Know Your Customer and Anti-Money Laundering requirements in place, there are serious risks associated with delivery and custody. “
Stocks of Bitcoin: JPMorgan offers BTC exposure, an ETF in sheep’s clothing. According to Coin Telegraph on Thursday, 18 March, “One major strategy apart from buying Bitcoin as a treasury asset could be to enable digital payments channels. “, “Although JP Morgan’s CEB could be a “gateway drug” for traditional financial market investors to get into cryptocurrency, the true exposure the basket would give investors to Bitcoin seems limited, according to Weiss:”Most people are investing in the technology company side of a company like MicroStrategy and less of the Bitcoin side despite its large Bitcoin exposure. “
Bitcoin bulls ‘hold back’ as btc’s monthly futures expiry approaches. According to Coin Telegraph on Thursday, 18 March, “Data from Cointelegraph Markets and TradingView shows that the price of Bitcoin began increasing in the late-night trading hours on March 17 and it briefly crossed above $60,150 before meeting overhead resistance. “, “For Lilly, this indicates that parties interested in buying Bitcoin have begun to “ramp-up” their activities as the market moves higher.”
Fiat food? Bitcoin big mac index crashes below 10,000 satoshis for the first time ever. According to Coin Telegraph on Friday, 19 March, “As Saifedean Ammous argues in “The Bitcoin Standard,” both the trillion-dollar forex market and the rise of the nutritionally controversial burger are the results of the abandonment of the gold standard and the embrace of money with no supply limit, and the resulting desire for instant gratification at the expense of long-term prosperity.”, “At around $60,000, a whole Bitcoin buys a whopping 10,402 Big Macs, says Ecoinometrics, while a single burger sets a Bitcoiner back just 9,614 satoshis.”
SBI crypto’s Bitcoin mining pool goes public. According to Coin Telegraph on Friday, 19 March, “It mines three assets, Bitcoin (BTC), Bitcoin Cash (BCH) and Bitcoin SV (BSV), with a revenue measured in dollars per terahash per day of$0.3897,$0.3805and$0.3519respectively.”, “SBI Holdings’ multiple cryptocurrency ventures via various subsidiaries to date have included theintroduction of a Bitcoin lending service through its crypto investment subsidiary SBI VC Tradeandacquisition of crypto exchange TaoTao via itsforeign exchange and derivatives arm.”
Bitcoin is now ‘too important to ignore’, deutsche bank says. According to Coin Telegraph on Friday, 19 March, “Bitcoin is expected to “remain ultravolatile” in the short term, Deutsche Bank analysts concluded, forecasting a turning point for Bitcoin in the next “two or three years” as a consensus about its future may emerge.”, “Deutsche Bank analysts suggested that the Bitcoin price “could continue to rise” further as long as asset managers and companies continue to enter the market. “
Supercycle May propel Bitcoin over $1 million, kraken’s dan held says. According to Coin Telegraph on Friday, 19 March, “According to Dan Held, growth lead at Kraken, Bitcoin is currently experiencing a supercycle that could propel it all the way to $1 million.”, “Held is also convinced that once Bitcoin will reach its full potential as digital gold, it will challenge governments’ monopoly over money.”
Bitcoin price facing final resistance before $68k?. According to Coin Telegraph on Friday, 19 March, “The bearish divergence becomes valid once previous resistance zones turn into resistances once again, but more importantly, once the price of Bitcoin starts to make lower lows.”
Bitcoin miners back hash rate derivative defi project on BSC. According to Coin Telegraph on Friday, 19 March, “The basic concept is similar to simple rebase coins, including the synthetic Bitcoin offered by Badger. “, “Tony Ma, CEO of Atlas Mining, commented on the news:”We believe BTCST has connected Bitcoin mining to the DeFi world. “
Key Bitcoin price metric shows pro traders increased their BTC longs. According to Coin Telegraph on Friday, 19 March, “After marking a $61,750 all-time high on March 13, Bitcoin has been trying to find new support levels. “, “This data corroborates with the exchanges’ long-to-short ratio and displays investors confidence in Bitcoin breaking to a new all-time high in the short-term.”
According to Business Insider on Friday, 19 March, “The Purpose Bitcoin ETF was approved in Canada and launched by Purpose Investments in mid-February on the Toronto Stock Exchange. “, “That’s less than half the cost of the popular Grayscale Bitcoin Trust, which charges an annual fee of 2.00% and is now the largest public holder of bitcoin.”
Bullishness for Bitcoin continues despite its struggle to reclaim $60,000. According to Coin Telegraph on Friday, 19 March, “Key Bitcoin price metrics show that despite the struggles faced in order to breakout past $60,000, top-traders are growing increasingly bullish as evidenced by an uptick in leveraged long positions over the past week as the BTC trading range grew tighter.”, “According to Steinglass, “it will take a bit of chipping away to break through $60,000 with any kind of authority,” but the recent strength displayed by Bitcoin “in the face of stiff macro headwinds” indicates no reason for the bullish momentum to stop.”
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