Bitcoin On Bearish Momentum: 11.62% Down In The Last 12 Hours – Via News Agency

Bitcoin is currently on bearish momentum. At 20:03 EST on Friday, 29 January, Bitcoin is at $34,357.20 and down by 11.62% in the last 12 hours.

Over the last six hours, Bitcoins higher value was $34,688.99 and the lower value was $33,967.74.

Over the last twelve hours, Bitcoins higher value was $38,347.86 and the lower value was $33,967.74.

About Bitcoins daily highs and lows, its 6.549% up from its trailing 24-hour low of $32,245.49 and 10.406% down from its trailing 24-hour high of $38,347.86.

Regarding Bitcoins yearly highs and lows, its 736.556% up from its 52-week low and 18.093% down from its 52-week high.

Bitcoins last day, last week, and last months average volatility was 4.00%, 0.38%, and 0.26%, respectively.

Bitcoins last day, last week, and last months high and low average amplitude percentage was 6.22%, 8.55%, and 10.22%, respectively.

Skybridge's anthony scaramucci talks up new Bitcoin fund, crypto's 'exponential liftoff'. According to Business Insider on Wednesday, 27 January, "Its already happening," he said, citingBlackRock Inc.s adding Bitcoin futures as an eligible investment to two of its funds.", "The SkyBridge Bitcoin Fund LP aims toprovidemass-affluent investors with an institutional-grade vehicle to gain exposure to Bitcoin. "

Cryptos young believers stoke a craze for Bitcoin penny stocks. According to Bloomberg Quint on Wednesday, 27 January, "And the fact that Bitcoin miners tend to be unprofitable or just barely in the black isnt much of a deterrent.", "While Bitcoin prices tend to move in the realm of 5% to 10% a day, its not uncommon for the mining stocks to swing 20%. "

Bitcoin tumbles back below $30,000 as record momentum fades. According to Bloomberg Quint on Wednesday, 27 January, "Companies such as MicroStrategy Inc., Square Inc., and crypto miner Marathon Patent Group Inc. have all added some of their companys cash reserves into Bitcoin amid the rally."

Bitcoin might break down altogether, BIS head carstens warns. According to Bloomberg Quint on Wednesday, 27 January, "Investors must be cognizant that Bitcoin may well break down altogether," because the system becomes vulnerable to majority attacks as it gets close to its maximum supply of 21 million coins, BIS General Manager Agustin Carstens said in a speech for the Hoover Institution on Wednesday."

Microstrategy bond buyers rewarded with win-tie Bitcoin play. According to Bloomberg Quint on Thursday, 28 January, "The founder had become a big bull on Bitcoin and invested its very large cash pile in it," he said. ", "King estimates the value of the companys Bitcoin in the range of $800 million to $1.4 billion, assuming proceeds of the convertible offering were used to fund more buying. "

Ray dalio calls Bitcoin one hell of an invention, considers it for new funds. According to Bloomberg Quint on Thursday, 28 January, "Dalio said he thinks of Bitcoin as a "long-duration option on a highly unknown future" and investing in it means recognizing the potential to lose about 80%.", "Bridgewater Associates founder Ray Dalio said Bitcoin is "one hell of an invention" and hes considering cryptocurrencies as investments for new funds offering clients protection against the debasement of fiat money."

Bitcoin investors May lose everything, central banker warns. According to Bloomberg Quint on Friday, 29 January, "On Friday, Bitcoin rallied above $35,000, with brokers attributing the move to Elon Musk mentioning the cryptocurrency in his bio page on Twitter.", "Still, Makhlouf doesnt see "financial stability issues at the moment arising from Bitcoin itself."

Bitcoin has leapt 17% after billionaire Elon Musk changes his twitter bio to '#Bitcoin'. According to Business Insider on Friday, 29 January, "Clearly the move is being cheered by the Bitcoin bulls," he said, and called the markets feverish trading around hot securities like Bitcoin and GameStop "risky."

Evolve files preliminary prospectus for Bitcoin ETF. According to Business Insider on Friday, 29 January, "TORONTO, Jan. 29, 2021 /CNW/ EvolveFunds Group Inc.("Evolve")is pleased to announce that it has filed a preliminary prospectus with the Canadian securities regulators for the Bitcoin ETF ("EBIT" or "the Fund"). ", "The Funds holdings will be priced based on the CME CF Bitcoin Reference Rate, a once-a-day benchmark index price for bitcoin denominated in U.S. dollars."

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Bitcoin On Bearish Momentum: 11.62% Down In The Last 12 Hours - Via News Agency

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