IOTA USD (MIOTA-USD) On Bullish Momentum: 5.1% Up In The Last 6 Hours

By February 27, 2021Altcoins
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IOTA USD (MIOTA-USD) is currently on bullish momentum. At 21:05 EST on Friday, 26 February, IOTA USD (MIOTA-USD) is at $1.15 and up by 5.1% in the last 6 hours.

IOTA USD (MIOTA-USD) Range

Over the last six hours, IOTA USD (MIOTA-USD)’s higher value was $1.16 and the lower value was $1.09.

Over the last twelve hours, IOTA USD (MIOTA-USD)’s higher value was $1.17 and the lower value was $1.09.

Concerning IOTA USD (MIOTA-USD)’s daily highs and lows, it’s 6.083% up from its trailing 24-hour low of $1.08 and 2.077% down from its trailing 24-hour high of $1.17.

Concerning IOTA USD (MIOTA-USD)’s yearly highs and lows, it’s 1339.322% up from its 52-week low and 27.285% down from its 52-week high.

Volatility

IOTA USD (MIOTA-USD)’s last day, last week, and last month’s average volatility was 9.43%, 8.01%, and 8.31%, respectively.

IOTA USD (MIOTA-USD)’s last day, last week, and last month’s high and low average amplitude percentage was 14.06%, 23.53%, and 18.88%, respectively.

News about Bitcoin

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, "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.", "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, "When you think the market cap of Bitcoin is roughly $950 billion, think about that in the context of an Apple," 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, "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.", "What is happening to the price of Bitcoin is indicative of broader developments that are relevant to the design and effectiveness of policies."

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.", "While Bitcoin is often touted as the new "digital gold," the yellow metal is winning out at the moment with spot gold holding at $1,768 per ounce, down less than 1% for the week. "

A look under the hood of one of the world's first Bitcoin etfs. According to Business Insider on Friday, 26 February, "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).", "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."

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