Ethereum On Bullish Momentum: 9.15% Up In The Last 24 Hours

 Ethereum On Bullish Momentum: 9.15% Up In The Last 24 Hours


Ethereum is currently on bullish momentum. At 19:04 EST on Monday, 8 February, Ethereum is at $1,746.93 and up by 9.15% in the last 24 hours.

Ethereum Range

Over the last six hours, Ethereum’s higher value was $1,746.93 and the lower value was $1,695.01.

Over the last twelve hours, Ethereum’s higher value was $1,746.93 and the lower value was $1,682.15.

In relation to Ethereum’s daily lows, it’s 11.038% up from its trailing 24-hour low of $1,573.27

Concerning Ethereum’s yearly highs and lows, it’s 0% down from its 52-week low and 0% down from its 52-week high.

Volatility

Ethereum’s last day, last week, and last month’s average volatility was 3.94%, 6.10%, and 6.05%, respectively.

Ethereum’s last day, last week, and last month’s high and low average amplitude percentage was 12.54%, 9.61%, and 12.28%, respectively.

Last news about Ethereum

What you need to know on the markets this week: the future of ethereum, what’s next for oil, and inflation is on the rise. According to Business Insider on Sunday, 7 February, “JPMorgan estimates that initial volumes in Ethereum futures are likely to be low, much like bitcoin in the early days, but this will change quickly.”, “Exchange operator CME group will launch its first Ethereum futures contract on February 8, another offering in the crypto market alongside its bitcoin futures and options.”

Blockfi announces inaugural block trade for ethereum futures on CME. According to Business Insider on Monday, 8 February, “BlockFi, a financial services company dedicated to building a bridge between cryptocurrencies and traditional financial and wealth management products, today announced with CMT Digitalthat the companies have cleared the first-ever block trade for Ethereum futures on the CME, facilitated by ED&F Man Capital Markets Inc. CMT Digital is a leader in cryptocurrency trading and venture capital, and BlockFi offers the premiere institutional lending desk in the digital asset space. “, “Both companies are excited to participate in the launch of CME’s Ethereum futures product. “

News about Bitcoin

Bill miller to allow opportunity fund to buy into Bitcoin trust. According to Bloomberg Quint on Monday, 8 February, “The Miller Opportunity Trust may invest in the Grayscale Bitcoin Trust, a vehicle institutions use for Bitcoin exposure, a filing with the U.S. Securities and Exchange Commission shows. “, “Famed fund manager Bill Miller extended his endorsement of Bitcoin by reserving the right for one of his portfolios to indirectly invest in the largest cryptocurrency.”

Bitcoin finds new momentum with prices approaching $40,000. According to Bloomberg Quint on Monday, 8 February, “After a brief dip this month, Bitcoin is climbing once again as enthusiasts tout the digital asset as a hedge against inflation and store of value in a world awash with stimulus and rampant central-bank money printing.”, “In Bitcoin, famed fund manager Bill Miller extended his endorsement by reserving the right for his Miller Opportunity Trust to invest in the Grayscale Bitcoin Trust, a vehicle that institutions use for Bitcoin exposure, according to a U.S. regulatory filing.”

Bitcoin surges above $42,000 after Tesla discloses investment. According to Bloomberg Quint on Monday, 8 February, “If retail and institutional interest continues to grow over the next month, Bitcoin could target the $45,000 level,” said Edward Moya, a senior market analyst at forex broker Oanda Corp.”

Tesla bets big on Bitcoin, plans to accept cryptocurrency. According to Bloomberg Quint on Monday, 8 February, “The Palo Alto, California-based manufacturer said in a filing Monday it made the bet on Bitcoin after updating its investment policy last month to allow the company to invest in digital assets as well as gold bullion and gold exchange-traded funds.”, “Musk has often tweeted about cryptocurrency-related topics and earlier this month called Bitcoin “a good thing” in an interview. “

Tesla trails only microstrategy in treasury Bitcoin allocation. According to Bloomberg Quint on Monday, 8 February, “No other publicly-traded corporation tracked by the website holds more than $720 million of Bitcoin in its coffers.”, “We expect to begin accepting Bitcoin as a form of payment for our products in the near future, subject to applicable laws and initially on a limited basis,” Tesla said in a securities filing.”

Crypto stocks rally with Tesla pushing Bitcoin above $44,000. According to Bloomberg Quint on Monday, 8 February, “which is led by Bitcoin advocate Jack Dorsey and which put $50 million in Bitcoin on a crypto “empowerment bet” in October, gained as much as 9.9% to a fresh record.”

Apple should create crypto exchange and buy Bitcoin, says RBC. According to Bloomberg Quint on Monday, 8 February, “RBC’s comments come at a time when companies have been showing more interest in Bitcoin and other cryptocurrencies. “, “While Apple’s biggest cryptocurrency opportunity would be in building an exchange, it could also consider adding Bitcoin or another digital currency to its balance sheet, RBC wrote. “

Crypto comes to S&P 500 via Tesla’s $1.5 billion Bitcoin bet. According to Bloomberg Quint on Monday, 8 February, “Founder Elon Musk opened a new chapter in the saga of his electric-vehicle maker with a disclosure Monday that Tesla invested $1.5 billion in Bitcoin and intends to begin accepting the cryptocurrency as a form of payment. “, “While Tesla’s Bitcoin purchase indirectly exposes S&P 500 investors to crypto, at least one knowledgeable observer doubts it would’ve kept the carmaker out of the storied index.”

Miami Mayor who backs Bitcoin wants city to hold crypto assets. According to Bloomberg Quint on Monday, 8 February, “Miami Mayor Francis Suarez said he is working on a resolution to add Bitcoin to the city’s balance sheet.”, “Suarez has been vocal about how the the city should allow certain types of Bitcoin transactions and invest in the cryptocurrency, and this resolution would mark the first concrete step. “

Novogratz sees Bitcoin at $100,000, ‘every’ company adopting. According to Bloomberg Quint on Monday, 8 February, “Between corporations adding Bitcoin to treasury funds and the city of Miami also considering adding the cryptocurrency to its balance sheet, “It doesn’t have to be a lot. “, “Michael Novogratz, the founder of cryptocurrency investment firm Galaxy Digital, sees Bitcoin more than doubling to $100,000 by the end of the year, spurred higher as more companies allow customers to use the token to make purchases.”

Bitcoin is the scarcest asset, microstrategy CEO saylor says. According to Bloomberg Quint on Monday, 8 February, “Gold will lose out to Bitcoin in reallocations, Saylor added.”If we bought gold instead of Bitcoin, we would be down $2 billion. “, “Saylor held a webinar last week on how corporate treasurers should move some cash into the digital coin, which he claims drew over 1,400 firms on the session in legal considerations for integrating Bitcoin into a company’s corporate strategy. “





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