NEO is currently on bullish momentum. At 21:14 EST on Wednesday, 6 January, NEO is at $19.84 and up by 4.48% in the last 6 hours.
Over the last six hours, NEO’s higher value was $19.86 and the lower value was $18.64.
Over the last twelve hours, NEO’s higher value was $19.86 and the lower value was $18.61.
Concerning NEO’s daily highs and lows, it’s 17.258% up from its trailing 24-hour low of $16.92 and 0.101% down from its trailing 24-hour high of $19.86.
About NEO’s yearly highs and lows, it’s 369.031% up from its 52-week low and 23.516% down from its 52-week high.
NEO’s last day, last week, and last month’s average volatility was a positive 3.75%, a positive 1.73%, and a negative 0.23%, respectively.
NEO’s last day, last week, and last month’s high and low average amplitude percentage was 11.76%, 9.13%, and 8.69%, respectively.
Last news about NEO
According to Business Insider on Monday, 4 January, "TORONTO, Jan. 4, 2021 /CNW/ -Scotia Global Asset Management today announced revised year-end reinvested distributions for the Scotia Index Tracker ETFs listed on the NEO for the 2020 tax year. "
News about Bitcoin
Ether follows Bitcoin to record high amid dizzying crypto rally. According to Bloomberg Quint on Monday, 4 January, "The digital currency Ether reached a record on Monday a day after Bitcoin breached $34,000 for the first time as the surge in cryptocurrencies continues.", "Proponents of Bitcoin argue that it’s muscling in on gold as a hedge against U.S. dollar weakness and inflation risk, citing evidence of growing interest among institutional investors. "
Bitcoin falls most since March as volatility grips trading. According to Bloomberg Quint on Monday, 4 January, "Still, Bitcoin is up more than 300% over the past year, driven by a speculative fever from retail and institutional investors on the belief that cryptocurrencies are emerging as a mainstream asset class and can act as a store of value.", "Believers in Bitcoin have pointed to the market’s supply constraints and supposedly rampant money printing by central banks as key drivers of bullish narrative. "
JPMorgan sees $146,000-plus Bitcoin price as long-term target. According to Bloomberg Quint on Tuesday, 5 January, "For now, JPMorgan sees headwinds for the largest cryptocurrency, with indicators like a buildup of speculative long positions and an increase in investment wallets holding small amounts of Bitcoin showing potential froth.", "While we cannot exclude the possibility that the current speculative mania will propagate further pushing the Bitcoin price up toward the consensus region of between $50,000-$100,000, we believe that such price levels would prove unsustainable."
According to CNBC on Tuesday, 5 January, "Many institutional investors are using investment vehicles like Grayscale’s Bitcoin Trust as a means of buying into bitcoin. ", "According to JPMorgan, more than $3 billion has flowed into the Grayscale Bitcoin Trust since mid-October while gold ETFs have bled $7 billion."
Coindesk buys tradeblock, joining rush for Bitcoin analytics. According to The Wall Street Journal on Tuesday, 5 January, "Its most notable product is a bitcoin price index called the XBX that is used as the reference rate, or benchmark price, for investment funds such as the Grayscale Bitcoin Trust ."
Bitcoin could soon be worth $146,000. here's how it would get there. According to MarketWatch on Tuesday, 5 January, "JPMorgan says that by one measure, bitcoincurrently consumes 3.4 times more risk capital than gold and over 5 times more, if comparing the Grayscale Bitcoin Trust versus the SPDR Gold Shares , the largest gold ETF by asset."
Gamblers could use Bitcoin at slot machines with new patent. According to Bloomberg Quint on Tuesday, 5 January, "That means players could move Bitcoin into their virtual wallets on a slot machine using their phones.", "While Bitcoin isn’t widely used in transactions, some users have been known to buy expensive cars, houses and boats with the cryptocurrency. "
Scaramucci sees massive gains for Bitcoin in comparison to gold. According to Bloomberg Quint on Tuesday, 5 January, "Strategists at JPMorgan Chase & Co. made a similar projection this week, arguing that Bitcoin has the potential to reach $146,000 in the long term as it competes with gold as an asset class.", "Scaramucci says Bitcoin may be volatile but he compared owning it to buying shares of Amazon.com Inc. when the company went public more than two decades ago. "
According to Business Insider on Tuesday, 5 January, "While a few options exist, like the aforementioned Grayscale Bitcoin Trust, bitcoin ETFs remain scarce: In the US, the SEC has refused (as of early 2021) to allow them, due to the difficulty of accurately assessing the currency’s value and liquidity."
Bitcoin tops $35,000 to set another record as wild swings resume. According to Bloomberg Quint on Wednesday, 6 January, "More institutions and noted investors, from Paul Tudor Jones to Scott Minerd and Stan Druckenmiller, have either started allocating funds into Bitcoin or have said they’re open to doing so."
Bitcoin – the surge, the outlook, and the beneficiaries. According to FX Empire on Wednesday, 6 January, "Downside risks are ever-present, however, and the more risk prudent investor will be mindful of the impact of any Bitcoin meltdown.", "In addition, there are ETF like entities holding Bitcoin, where institutional and private investors have benefited from the Bitcoin surge."
Fintech startups like revolut and luno are seeing a boom in demand from consumers rushing to invest in cryptocurrencies amid major Bitcoin interest. According to Business Insider on Wednesday, 6 January, "Revolut says the average age of a user buying cryptocurrencies on its platform is 33, while eToro says Bitcoin owners are 35 on average, and Ethereum buyers are 33."
Bill miller says corporate cash could fuel a Bitcoin ‘torrent’. According to Bloomberg Quint on Wednesday, 6 January, "He has been a fan of Bitcoin since 2014, saying back then that he owned the coin through his personal investments.", "Miller joins a growing but still small chorus of names suggesting Bitcoin could be a part of corporate treasuries, something a handful of companies have already taken up. "
Veteran investor bill miller flips warren buffett's Bitcoin snub to argue crypto beats cash. According to Business Insider on Wednesday, 6 January, "If more companies swap cash for crypto, "the current relative trickle into Bitcoin would become a torrent," he added.", "The Miller Value Partners boss and former Legg Mason investment chief pointed out that Bitcoin has outperformed all major asset classes in recent years. "
Jump in active Bitcoin accounts nears high set before 2018 crash. According to Bloomberg Quint on Wednesday, 6 January, "There is also a steadily increasing number of active addresses and more withdrawals than deposits to exchanges (and addresses withdrawing versus depositing), even as trading volume has increased on the buy-and-sell side, suggests that the current mood toward Bitcoin continues to be more bullish than the bubble in 2017.", "About 82% of all Bitcoin supply was held in accounts that have been active in the last six months as of Jan. 4, according to researcher Flipside Crypto. "