Bitcoin is currently on bullish momentum. At 02:03 EST on Saturday, 23 January, Bitcoin is at $33,024.73 and up by 7.48% in the last 24 hours.

Bitcoin Range

Over the last six hours, Bitcoin’s higher value was $33,285.38 and the lower value was $32,341.57.

Over the last twelve hours, Bitcoin’s higher value was $33,562.92 and the lower value was $32,341.57.

About Bitcoin’s daily highs and lows, it’s 7.482% up from its trailing 24-hour low of $30,725.73 and 1.604% down from its trailing 24-hour high of $33,562.92.

About Bitcoin’s yearly highs and lows, it’s 704.112% up from its 52-week low and 21.27% down from its 52-week high.

Volatility

Bitcoin’s last day, last week, and last month’s average volatility was a positive 7.07%, a negative 1.69%, and a positive 0.97%, respectively.

Bitcoin’s last day, last week, and last month’s high and low average amplitude percentage was 16.78%, 9.76%, and 10.04%, respectively.

Last news about Bitcoin

Bitcoin surge built on market exUberance, momentum trading. According to Bloomberg Quint on Wednesday, 20 January, "Since October 2020 — the starting point of the latest Bitcoin cycle — about 60% of returns can be explained by exuberance in the wider market and momentum trading, according to Bloomberg Economics’ structural empirical model which exploits the co-movement of prices for Bitcoin and other assets to determine what factors are driving the ups and downs of the digital currency. "

Bitcoin slides below $35,000 as crypto mania loses momentum. According to Bloomberg Quint on Wednesday, 20 January, "The Bitcoin fever is starting to break as worries about a market bubble discourages investors from buying in.", "Analysts have pointed to $40,000 as the key level that Bitcoin needs to surpass in order to draw fresh money from investors riding cryptocurrency momentum. "

We spoke to crypto platform gemini, which is backed by the winklevoss twins, about Bitcoin, how to use stable coins and why regulation won't kill the boom in digital currencies. According to Business Insider on Wednesday, 20 January, "The Winklevoss twins have famously said they see a case for Bitcoin hitting $500,000, on the grounds that it is set to become the classic inflation hedge, taking the mantle from gold.", "Above-ground gold is valued – conservatively – at around $9 trillion, meaning if the twins are right about "using a gold framework to value Bitcoin, and Bitcoin continues on this path, then the bull case scenario for Bitcoin is that it is undervalued by a multiple of 45," they said."

Bitcoin sinks below $34,000 as sell-off cuts into early-January momentum. According to Business Insider on Wednesday, 20 January, "Flows into the Grayscale Bitcoin Trust and futures contracts can serve as early indicators of whether such support can be reached, he added.", "The software CEO-turned Bitcoin whale explains why he is making such a massive bet on the digital asset."

BlackRock files to add Bitcoin futures to two of its funds. According to Bloomberg Quint on Wednesday, 20 January, "BlackRock Inc. is adding cash-settled Bitcoin futures as an eligible investment to two funds, according to regulatory filings.", "The world’s largest asset manager filed updated prospectuses for two funds on Wednesday with the U.S. Securities and Exchange Commission that included cash-settled Bitcoin futures among the assets they can buy."

Bitcoin falters for a second day, slides below technical level. According to Bloomberg Quint on Thursday, 21 January, "That drop did, however, precede a seven-week run that helped propel Bitcoin into its current bull rally."

Bitcoin losses gather pace, with prices nearing three-week low. According to Bloomberg Quint on Thursday, 21 January, "On Wednesday, BlackRock Inc. filed paperwork to add Bitcoin futures as an eligible investment in two funds, the first time the money manager is offering clients exposure to cryptocurrency."

It looks like wall street is running Bitcoin, at least for now. According to Bloomberg Quint on Thursday, 21 January, "Hedge fund manager Paul Tudor Jones helped set off the frenzy when he said in May he was buying Bitcoin as a hedge against the inflation he sees coming in the wake of policymakers’ aggressive actions to keep the economy alive in the coronavirus pandemic. ", "(The idea is that Bitcoin could be inflation-proof, because it’s designed to have a limited supply.) "

Bitcoin is no market hedge, JPMorgan strategists say. According to Bloomberg Quint on Thursday, 21 January, "In the past five years, Bitcoin had a low correlation with hedges, such as gold and Treasuries and the yen, making it potentially useful for investors managing a broad portfolio. ", "Not only has Bitcoin proved lousy at offsetting short-term drawdowns in big sell-offs, its very popularity among retail investors is increasing the token’s link with cyclical assets, their research suggests."

Bitcoin plunge has newbies scrambling to google double-spend. According to Bloomberg Quint on Thursday, 21 January, "In the case of the blockchain — or the software that underlies Bitcoin and other cryptocurrencies — the transaction in question would be excluded from the final tally on the digital ledger.", "Instead of bank software handling electronic transfers, Bitcoin is transacted on a blockchain — basically a spreadsheet that logs when coins move and to where. "

Mercado Bitcoin receives contribution led by GP investimentos and parallax ventures who will invest BRL 200 million in 2021. According to Business Insider on Thursday, 21 January, "SÃO PAULO, Jan. 21, 2021 /PRNNewswire/ — Founded by brothers Gustavo and Mauricio Chamati in 2013, Mercado Bitcoin has become the largest crypto-currency exchange in Latin America. ", "Currently, Mercado Bitcoin already serves international customers from its operation in Brazil. "

Bitcoin drops close to $30,000 mark as head-turning rally stalls. According to Bloomberg Quint on Thursday, 21 January, "Grayscale Investments, which is behind a popular Bitcoin trust, saw total inflows of more than $3 billion across its products in the fourth quarter. ", "This level looks very vulnerable and a break below it is bad news in the near-term for Bitcoin and cryptos in general," Craig Erlam, senior market analyst at Oanda Europe, wrote in a note Thursday. "

Bitcoin drops below $30,000 level as head-turning rally stalls. According to Bloomberg Quint on Thursday, 21 January, "Grayscale Investments, which is behind a popular Bitcoin trust, saw total inflows of more than $3 billion across its products in the fourth quarter. ", "This level looks very vulnerable and a break below it is bad news in the near-term for Bitcoin and cryptos in general," Craig Erlam, senior market analyst at Oanda Europe, wrote in a note Thursday. "

Why this analyst is cautioning Bitcoin investors to have A 'very strong stomach' amid plunge. According to Business Insider on Friday, 22 January, "Why It Matters: Bitcoin has seen a major correction in the last two weeks after a dizzying rally that started in July last year saw it cross $40,000 from trading below the $10,000 level.", "Price Action: Bitcoin traded 11.3% lower at $30,712.41 at press time on Thursday."

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