Cardano USD (ADA-USD) is currently on bearish momentum. At 05:06 EST on Monday, 22 February, Cardano USD (ADA-USD) is at $1.02 and down by 13.23% in the last 24 hours.

Cardano USD (ADA-USD) Range

Over the last six hours, Cardano USD (ADA-USD)’s higher value was $1.07 and the lower value was $1.02.

Over the last twelve hours, Cardano USD (ADA-USD)’s higher value was $1.10 and the lower value was $1.02.

About Cardano USD (ADA-USD)’s daily highs and lows, it’s 0.441% down from its trailing 24-hour low of $1.02 and 11.696% down from its trailing 24-hour high of $1.15.

Regarding Cardano USD (ADA-USD)’s yearly highs and lows, it’s 5216.754% up from its 52-week low and 7.539% down from its 52-week high.

Volatility

Cardano USD (ADA-USD)’s last day, last week, and last month’s average volatility was 2.04%, 4.59%, and 6.23%, respectively.

Cardano USD (ADA-USD)’s last day, last week, and last month’s high and low average amplitude percentage was 6.54%, 13.34%, and 13.53%, respectively.

News about Bitcoin

Musk defends Tesla Bitcoin move, says token less dumb than cash. According to Bloomberg Quint on Friday, 19 February, "Binance is raking in new users at its fastest pace ever as Bitcoin tops $50,000. ", "His remarks prompted Musk to explain the move by Tesla, which is also planning to accept Bitcoin as a payment method."

Bitcoin nears $1 trillion value as crypto jump tops other assets. According to Bloomberg Quint on Friday, 19 February, "Tesla Chief Executive Officer Elon Musk posted a somewhat cryptic tweet Friday that appeared in part to defend the company’s action, saying Bitcoin "is simply a less dumb form of liquidity than cash" while adding that the electric vehicle maker’s decision isn’t "directly reflective of my opinion.", "If companies’ fundamentals are going to become closely tied to movements in Bitcoin because they’ve suddenly become speculators on the side, we’re going to be in bubble territory before you know it," said Craig Erlam, senior market analyst with Oanda Europe Ltd."

Bitcoin hits $1 trillion value as crypto jump tops other assets. According to Bloomberg Quint on Friday, 19 February, "If companies’ fundamentals are going to become closely tied to movements in Bitcoin because they’ve suddenly become speculators on the side, we’re going to be in bubble territory before you know it," said Craig Erlam, senior market analyst with Oanda Europe Ltd.", "AMP’s Oliver said if Bitcoin "falls out of favor — for example due to government regulation or investors just moving on to the next new thing — then it could quickly plunge."

Bitcoin is hitting record highs. why it's not too late to dig for digital gold.. According to The Wall Street Journal on Friday, 19 February, "The shape of this future is hazy: Bitcoin itself could be a major component, or it might be alternatives like so-called stablecoins pegged to dollars, or digital currencies issued directly by central banks. "

Biotech is acting ‘more and more like’ Bitcoin, evercore says. According to Bloomberg Quint on Friday, 19 February, "For Evercore ISI analyst Josh Schimmer, the heady run up in biotech stocks makes them look "more and more like Bitcoin these days," with a speculative mania sweeping away the usual gauges of value.", "The scale of the stock rallies — as with the concept of Bitcoin — have left "old school" investors used to more standard measures of value "struggling to understand these high-flying stocks which are in the hands of investors who use very different fundamentals," Schimmer said in the note."

Cantor CEO lutnick likens Tesla, Bitcoin surges to gamestop saga. According to Bloomberg Quint on Friday, 19 February, "Howard Lutnick, chief executive officer of Cantor Fitzgerald LP, said the dramatic rise in values of Bitcoin and Tesla Inc. was driven by retail investors in much the same manner that led to last month’s surge in GameStop Corp. shares.", "Retail keeps driving that stock up and retail keeps driving Bitcoin up," he said. "

Bitcoin is surging. americans still don’t get how it works. According to Bloomberg Quint on Saturday, 20 February, "Of the people familiar with cryptocurrencies,4% say they think Bitcoin will fall to $0, while 8% say they see it heading above $100,000."

Elon Musk says Bitcoin and ethereum prices ‘seem high’. According to Bloomberg Quint on Saturday, 20 February, "Billionaire Elon Musk said the price of Bitcoin and Ethereum "seem high" as the cryptocurrencies reached new records.", "He was replying to a tweet by Peter Schiff — a cryptocurrency skeptic and noted gold bug — who said the precious metal is better than Bitcoin and fiat money."

According to Business Insider on Saturday, 20 February, "This means if Tesla owns the same amount of Bitcoin as it did on January 31, it made a paper profit of about $930 million since January. ", "Even JPMorgan is now touting a case for the price of bitcoin hitting $146,000, but a recent note published by the firm did suggest that Bitcoin was worth only $25,000 with such high levels of current volatility."

According to Business Insider on Saturday, 20 February, "Its latest rally has largely been attributed to Tesla’s $1.5 billion purchase revealed in an SEC filing on Feb 8, sending Bitcoin up 16% on the day.", "Schiff’s was quoting Musk’s tweet that Bitcoin was a "less dumb" version of cash."

Social media buzz: musk on Bitcoin levels, ted cruz, gamestop. According to Bloomberg Quint on Saturday, 20 February, "Elon Musk said the price of Bitcoin and Ethereum "seem high" as the cryptocurrencies reached new records. ", "Musk earlier called Bitcoin a "less dumb" version of cash, and added, "Money is just data that allows us to avoid the inconvenience of barter."

The BTC breakout continues as new Bitcoin ETF launches. According to Business Insider on Saturday, 20 February, "It’s called the Purpose Bitcoin ETF, and it trades under the symbol "BTCC".", "The post The BTC Breakout Continues as New Bitcoin ETF Launches appeared first on InvestorPlace."

Bitcoin stocks are possibly the dumbest Bitcoin play. According to Bloomberg Quint on Sunday, 21 February, "You’d think that since Bitcoin price, and ergo demand, keeps rising thenpeople would be clamoringto buy more rigs. ", "It would be akin to buying Bitcoin at $75,019 apiece when it was trading at $49,000, they wrote. "

Raging success of first Bitcoin fund shows who leads ETF market. According to Bloomberg Quint on Sunday, 21 February, "The closest alternative, the Grayscale Bitcoin Trust, has about $34 billion in assets. ", "A day later, Evolve Fund Group’s Bitcoin ETF (EBIT) debuted, but with a less impressive trading volume of about $14.5 million worth of shares."

Tesla is ideally positioned to become the world's most important Bitcoin bank. According to Business Insider on Sunday, 21 February, "The Elon Musk Bank of Bitcoin is officially open for business – and don’t be shocked if business starts to boom."

Bitcoin rally faces potential test from falling market liquidity. According to Bloomberg Quint on Monday, 22 February, "The rally in Bitcoin that took the digital token to a fresh peak over the weekend could face a test from declining liquidity in the market for the largest cryptocurrency.", "That’s consistent with "much lower liquidity in Bitcoin than in gold," he said."

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