NEM USD (XEM-USD) is currently on bullish momentum. At 16:08 EST on Monday, 22 February, NEM USD (XEM-USD) is at $0.64 and up by 16.86% in the last 12 hours.

NEM USD (XEM-USD) Range

Over the last six hours, NEM USD (XEM-USD)’s higher value was $0.64 and the lower value was $0.64.

Over the last twelve hours, NEM USD (XEM-USD)’s higher value was $0.64 and the lower value was $0.55.

In relation to NEM USD (XEM-USD)’s daily highs and lows, it’s 17.055% up from its trailing 24-hour low of $0.55 and 0.594% up from its trailing 24-hour high of $0.64.

Regarding NEM USD (XEM-USD)’s yearly highs and lows, it’s 2320.301% up from its 52-week low and 0.617% down from its 52-week high.

Volatility

NEM USD (XEM-USD)’s last day, last week, and last month’s average volatility was 11.34%, 7.53%, and 5.52%, respectively.

NEM USD (XEM-USD)’s last day, last week, and last month’s high and low average amplitude percentage was 15.52%, 15.75%, and 10.96%, 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. ", "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, "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.", "The Bloomberg Galaxy Crypto Index, which includes Bitcoin and four other coins, has more than doubled."

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, "The major incentive to do so is that if you run such a machine you can yourself get Bitcoin as a reward, and as the price rises the value of such a prize also climbs.", "Unfortunately, as my Bloomberg News colleagues Crystal Kim and Tom Contiliano pointed out, its sharestradeat about a 50% premium to the price of Bitcoin -and that was after a 25% plunge in the stock from its Feb. 9 high. "

Raging success of first Bitcoin fund shows who leads ETF market. According to Bloomberg Quint on Sunday, 21 February, "The roaring success of the first-ever Bitcoin exchange-traded fund will have been no surprise to cryptocurrency fans. ", "If and when a Bitcoin ETF finally arrives in the U.S., growth could be explosive. "

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. ", "In a recent tweet, Elon Musk said Bitcoin prices "seem high," having earlier called it a "less dumb" version of cash."

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.", "In February alone, Bitcoin is up more than 60%, prompting commentary that the run-up is excessive. "

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.", "That reflected a total worth of about $2.4 billion on Sunday’s Bitcoin price and of about $2 billion at Monday’s low."

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