Cardano USD (ADA-USD) is currently on bullish momentum. At 17:05 EST on Monday, 22 February, Cardano USD (ADA-USD) is at $1.11 and up by 9.31% in the last 6 hours.
Cardano USD (ADA-USD) Range
Over the last six hours, Cardano USD (ADA-USD)’s higher value was $1.11 and the lower value was $1.02.
Over the last twelve hours, Cardano USD (ADA-USD)’s higher value was $1.11 and the lower value was $0.88.
Regarding Cardano USD (ADA-USD)’s daily highs and lows, it’s 26.648% up from its trailing 24-hour low of $0.88 and 0.405% up from its trailing 24-hour high of $1.11.
Concerning Cardano USD (ADA-USD)’s yearly highs and lows, it’s 5735.079% up from its 52-week low and 1.702% down from its 52-week high.
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, "Zhao wondered in his interview why Tesla opted to buy Bitcoin if Musk is so "gung-ho" on Dogecoin. ", "Elon Musk called Tesla Inc.’s $1.5 billion Bitcoin bet an "adventurous enough" investment for the company, after one of the industry’s loudest acolytes called out the billionaire’s advocacy of lesser-known Dogecoin."
Bitcoin nears $1 trillion value as crypto jump tops other assets. According to Bloomberg Quint on Friday, 19 February, "The Bloomberg Galaxy Crypto Index, which includes Bitcoin and four other coins, has more than doubled.", "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."
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.", "The Bloomberg Galaxy Crypto Index, which includes Bitcoin and four other coins, has more than doubled."
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, "Retail keeps driving that stock up and retail keeps driving Bitcoin up," he said. ", "The cryptocurrency Bitcoin is valued at more than $55,000 and has nearly doubled this year."
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, "But now it’s gone all-in on Bitcoin and this past weekraised around $1 billionthrough a convertible-bond sale for the sole purpose of buying more. ", "This huge return over the past year is minuscule compared to the rise in Bitcoin itself -which is five times higher than a year ago. "
Raging success of first Bitcoin fund shows who leads ETF market. According to Bloomberg Quint on Sunday, 21 February, "In the U.S., the Securities and Exchange Commission has rejected multiple applications for a Bitcoin ETF, citing concerns that prices can be manipulated and liquidity is insufficient. ", "It boggles my mind we still don’t have a Bitcoin ETF in the U.S.," said Geraci at the ETF Store. "
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 Bitcoin faithful argue corporate treasurers and institutional investors are new sources of demand and that the token can hedge risks such as faster inflation. ", "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."
Forget Bitcoin or Tesla. muni bonds are the king of costly.. According to Bloomberg Quint on Monday, 22 February, "Believe it or not,the $3.9trillion municipal-bond market and Bitcoin have muchin common.", "It’s certainly fair to argue that Bitcoin isn’t worth more than $50,000, or that shares of Tesla Inc. shouldn’t be trading at more than1,000 times earnings."
Bitcoin ETF sellers in Sweden urged to avoid average consumers. According to Bloomberg Quint on Monday, 22 February, "Exchange-traded crypto-tracking products exist in Europe and a Bitcoin ETF opened in February in Canada. ", "Sweden is home to the largest Bitcoin exchanged-traded product: The $1.7 billion Bitcoin Tracker EUR, which invests in swap contracts to mirror the cryptocurrency’s returns, is listed on the Stockholm Stock Exchange."
Bitcoin pulls back from record as prices give up weekend gains. According to Bloomberg Quint on Monday, 22 February, "So it’s also possible that prices fell on Monday as institutional crypto traders, who follow normal business hours, responded to Elon Musk’s Saturday tweet that Bitcoin prices "seem high.", "It should go without saying that new investors to Bitcoin should be prepared for major volatility and for prices to drop suddenly and as sharply as they have risen," according to Neil Wilson, chief analyst at Markets.com."
According to Business Insider on Monday, 22 February, "At this point, our belief is: Bitcoin is not a question of if, but when," Demirors said.", "The size of the Bitcoin market recently shot past $1 trillion as it hit a record high of $58,354. "
Bitcoin plunges 8% as record-shattering rally succumbs to valuation fears. According to Business Insider on Monday, 22 February, "Based on our calculations, we estimate that Tesla so far has made roughly $1 billion of profit over the last month from its Bitcoin investment given the skyrocketing price of Bitcoin, which now tops a trillion of market value," analyst Dan Ives wrote in a note published Saturday."
Bitcoin tanks 10% after Elon Musk says prices seem high. According to CNBC on Monday, 22 February, "Tesla is "on a trajectory to make more from its Bitcoin investments than profits from selling its EV (electric vehicle) cars in all of 2020," Ives estimated in a note published Saturday."
According to MarketWatch on Monday, 22 February, "One major study indicated only a small percentage of Bitcoin transactions are used in illicit transactions, however, and supporters also point out the same is true of the dollar. "
Elon Musk’s Bitcoin tweet hurts Tesla’s own bet in currency. According to Bloomberg Quint on Monday, 22 February, "Both recovered from the lows, with Bitcoin down about 8.4% to $52,534 and Tesla off 4.7% to $744.68 as of 1:48 p.m. in New York.", "Elon Musk has upped his Twitter game, sending holders of Bitcoin and Tesla Inc. scrambling during another bout of self-reflection."
Bitcoin mine operator is said to plot dual listing via U.S. IPO. According to Bloomberg Quint on Monday, 22 February, "Northern Data AG, the operator of the world’s largest Bitcoin mine, is working with Credit Suisse Group AG on plans for a U.S. listing that could raise as much as $500 million, according to people familiar with the matter.", "Led by Chief Executive Officer Aroosh Thillainathan, the firm started as a Bitcoin miner but later shifted to operating the mines on behalf of clients. "