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Ripple is currently on bullish momentum. At 06:03 EST on Monday, 22 March, Ripple is at $0.54 and up by 5.65% in the last 6 hours.
Ripple Range
Over the last six hours, Ripple’s higher value was $0.54 and the lower value was $0.51.
https://www.youtube.com/watch?v=w0BIN8EVYAs
Over the last twelve hours, Ripple’s higher value was $0.54 and the lower value was $0.51.
About Ripple’s daily highs and lows, it’s 8.52% up from its trailing 24-hour low of $0.50 and 0.481% up from its trailing 24-hour high of $0.54.
About Ripple’s yearly highs and lows, it’s 263.673% up from its 52-week low and 29.349% down from its 52-week high.
Volatility
Ripple’s last day, last week, and last month’s current volatility was 1.39%, 3.22%, and 4.43%, respectively.
Ripple’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 9.30% (day), 9.77% (last week), and 10.32% (last month), respectively.
Last news about Ripple
Ripple appoints former Uber exec to lead southeast asian expansion. According to Coin Telegraph on Friday, 19 March, “Brooks Entwistle joins Ripple after serving as Uber’s chief business officer, leading the firm’s growth and navigating regulatory issues throughout the Asia Pacific. “, “General manager of RippleNet, Asheesh Birla, said Entwistle’s appointment was indicative of the need for region-specific knowledge as Ripple negotiates with banks from various countries in Southeast Asia.”
XRP purchasers back ripple, arguing that it is not a security. According to Coin Telegraph on Sunday, 21 March, “The complaint essentially alleged that Ripple had engaged in a multi-year, sustained practice of illegally selling unregistered, non-exempt securities in the form of its XRP tokens.”, “Deaton’s petition suggests that none of this matters because many of the named petitioners and thousands of other purchasers had never heard of the Ripple (the company), or its executives, until after the SEC’s suit. “
News about Bitcoin
Fiat food? Bitcoin big mac index crashes below 10,000 satoshis for the first time ever. According to Coin Telegraph on Friday, 19 March, “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.”, “The Bitcoin equivalent is something of a tongue-in-cheek commentary on both fiat and food.”
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, “The firm emphasized that central banks and governments now “understand that Bitcoin and other cryptocurrencies are here to stay” and thus are expected to start regulating them by late 2021.”, “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, “Standard Hashrate is backed by a group of major Bitcoin miners, including Atlas Mining, Btc.”, “The TAU protocol, however, adds a backstop to the value of its synthetic assets through Bitcoin derived from the mining hash rate.”
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, “Chad Steinglass, head of trading at crypto capital markets firm CrossTower recently discussed the pressures Bitcoin faced at the $60,000 level and pointed out that the top cryptocurrency has faced “at least some resistance at every round number on the way up,” and that once a resistance level is surpassed, it then becomes support.”, “Data from Cointelegraph Markets and TradingView shows that after being rejected at the $60,000 level on March 18, the price of Bitcoin hit a low of $56,268 in the early hours on Friday before dip buyers returned to help lift the price back above $58,500. “
25 best Bitcoin gambling sites and crypto casinos in 2021. According to Business Insider on Sunday, 21 March, “With Ignition having an Unlimited 25% Bitcoin Match Bonusfor every deposit and Bovada having bitcoin bonuses on your first three deposits. “
Bitcoin network’s computing power: is it an accurate predictor of BTC price?. According to Coin Telegraph on Sunday, 21 March, “However, there have been periods of absolute dissonance, so maybe there is no direct relation between Bitcoin price and miners’ installed capacity.”, “Hash rate refers to the overall computing power involved in validating transactions on the Bitcoin (BTC) blockchain. “
Bitcoin price slides 5% after failing to break $60k — here’s why. According to Coin Telegraph on Sunday, 21 March, “Although Bitcoin has not seen tight correlation with the Dow Jones, it has seen close correlation with tech-heavy indices, like the S&P 500.”, “The combination of an unfavorable macro landscape and the selling pressure from both whales and derivatives traders likely caused Bitcoin to consolidate under $60,000.”
Bitcoin mining stocks have outperformed BTC by 455% over the past 12 months. According to Coin Telegraph on Monday, 22 March, “The researcher concluded that for every 1% price move in BTC, Bitcoin mining shares move by 2.5% on average. “, “Shimron attributed the wild volatility in miner stocks to the lack of regulated crypto investment products in the United States, speculating that “until a Bitcoin ETF is approved, investors may view public mining companies as one of the only ways to get exposure to Bitcoin.” “Since the primary source of revenue is Bitcoin, these companies are fundamentally long [on] the industry – so investors are essentially making a ‘picks and shovels’ bet when they invest in miners.”
Long-term investors continue to hodl despite $1t Bitcoin market cap. According to Coin Telegraph on Monday, 22 March, “The data shows that few long-term investors are tempted to sell their Bitcoin at current price levels, suggesting Bitcoin’s whales are hodling for higher prices and the current bull-trend could have much further to go.”, “It has also been reported that around a fifth of all BTC has been lost or stolen, suggesting the actual circulating supply of Bitcoin could be considerably lower, bolstering the scarcity of the asset.”
Skybridge capital latest to file Bitcoin ETF application with US SEC. According to Coin Telegraph on Monday, 22 March, “The First Trust SkyBridge ETF Trust is now one of several applications for a Bitcoin ETF that is currently awaiting a verdict from the SEC.”, “On March 22, Fundstrat’s vice president of digital asset strategy, Leeor Shimron, revealed that shares in the four-largest publicly-traded Bitcoin mining firms had outperformed Bitcoin by 455% on average over the past 12 months. “
Exchange reserves plunge to pre-$61k lows: 5 things to watch in Bitcoin this week. According to Coin Telegraph on Monday, 22 March, “As Cointelegraph reported, such adjustments are an essential, if not most important economic feature of the Bitcoin network, allowing it to adapt to changing miner activity and maintain security.”, “In his latest market comments, Cointelegraph contributor Michaël van de Poppe was unperturbed by the events, as Bitcoin merely continued moving within a familiar corridor.”
Microsoft reportedly polling xbox users about Bitcoin payment option. According to Coin Telegraph on Monday, 22 March, “Back in 2014, Microsoft started accepting Bitcoin to fund Microsoft accounts, allowing United States-based users to purchase content from Windows, including Xbox games. “, “Tech giant Microsoft seems to be considering introducing Bitcoin (BTC) payments at its Xbox gaming console online store.”
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