NEM USD (XEM-USD) is currently on bullish momentum. At 09:05 EST on Monday, 22 March, NEM USD (XEM-USD) is at $0.39 and up by 8.2% in the last 12 hours.
Over the last six hours, NEM USD (XEM-USD)’s higher value was $0.39 and the lower value was $0.37.
Over the last twelve hours, NEM USD (XEM-USD)’s higher value was $0.39 and the lower value was $0.36.
Concerning NEM USD (XEM-USD)’s daily highs and lows, it’s 9.194% up from its trailing 24-hour low of $0.36 and 0.795% up from its trailing 24-hour high of $0.39.
Concerning NEM USD (XEM-USD)’s yearly highs and lows, it’s 1084.036% up from its 52-week low and 54.565% down from its 52-week high.
NEM USD (XEM-USD)’s last day, last week, and last month’s current volatility was 1.03%, 4.26%, and 8.94%, respectively.
NEM USD (XEM-USD)’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 7.90% (day), 11.58% (last week), and 19.34% (last month), respectively.
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions,
NEM USD (XEM-USD)’s stock is considered to be oversold (<=20).
Fiat food? Bitcoin big mac index crashes below 10,000 satoshis for the first time ever. According to Coin Telegraph on Friday, 19 March, "At around $60,000, a whole Bitcoin buys a whopping 10,402 Big Macs, says Ecoinometrics, while a single burger sets a Bitcoiner back just 9,614 satoshis.", "Circulated on social media by Preston Pysh, host of The Investor’s Podcast, it shows a peak for MSTR last month before Bitcoin’s continued rise coincided with a broader sell-off among tech stocks, including those with Bitcoin exposure."
SBI crypto's Bitcoin mining pool goes public. According to Coin Telegraph on Friday, 19 March, "It mines three assets, Bitcoin (BTC), Bitcoin Cash (BCH) and Bitcoin SV (BSV), with a revenue measured in dollars per terahash per day of$0.3897,$0.3805and$0.3519respectively.", "SBI Holdings’ multiple cryptocurrency ventures via various subsidiaries to date have included theintroduction of a Bitcoin lending service through its crypto investment subsidiary SBI VC Tradeandacquisition of crypto exchange TaoTao via itsforeign exchange and derivatives arm."
Bitcoin is now ‘too important to ignore’, deutsche bank says. According to Coin Telegraph on Friday, 19 March, "Bitcoin is expected to "remain ultravolatile" in the short term, Deutsche Bank analysts concluded, forecasting a turning point for Bitcoin in the next "two or three years" as a consensus about its future may emerge.", "The firm emphasized that central banks and governments now "understand that Bitcoin and other cryptocurrencies are here to stay" and thus are expected to start regulating them by late 2021."
Supercycle May propel Bitcoin over $1 million, kraken’s dan held says. According to Coin Telegraph on Friday, 19 March, "According to Dan Held, growth lead at Kraken, Bitcoin is currently experiencing a supercycle that could propel it all the way to $1 million.", "Held is also convinced that once Bitcoin will reach its full potential as digital gold, it will challenge governments’ monopoly over money."
Bitcoin price facing final resistance before $68k?. According to Coin Telegraph on Friday, 19 March, "The bearish divergence becomes valid once previous resistance zones turn into resistances once again, but more importantly, once the price of Bitcoin starts to make lower lows."
Bitcoin miners back hash rate derivative defi project on BSC. According to Coin Telegraph on Friday, 19 March, "Tony Ma, CEO of Atlas Mining, commented on the news:"We believe BTCST has connected Bitcoin mining to the DeFi world. ", "The Bitcoin collected from BTCST is then used in a collateral pool that is activated whenever the synthetic asset is trading below its peg. "
Key Bitcoin price metric shows pro traders increased their BTC longs. According to Coin Telegraph on Friday, 19 March, "After marking a $61,750 all-time high on March 13, Bitcoin has been trying to find new support levels. ", "This data corroborates with the exchanges’ long-to-short ratio and displays investors confidence in Bitcoin breaking to a new all-time high in the short-term."
According to Business Insider on Friday, 19 March, "The Purpose Bitcoin ETF was approved in Canada and launched by Purpose Investments in mid-February on the Toronto Stock Exchange. ", "That’s less than half the cost of the popular Grayscale Bitcoin Trust, which charges an annual fee of 2.00% and is now the largest public holder of bitcoin."
Bullishness for Bitcoin continues despite its struggle to reclaim $60,000. According to Coin Telegraph on Friday, 19 March, "According to Steinglass, "it will take a bit of chipping away to break through $60,000 with any kind of authority," but the recent strength displayed by Bitcoin "in the face of stiff macro headwinds" indicates no reason for the bullish momentum to stop.", "Chad Steinglass, head of trading at crypto capital markets firm CrossTower recently discussed the pressures Bitcoin faced at the $60,000 level and pointed out that the top cryptocurrency has faced "at least some resistance at every round number on the way up," and that once a resistance level is surpassed, it then becomes support."
25 best Bitcoin gambling sites and crypto casinos in 2021. According to Business Insider on Sunday, 21 March, "With Ignition having an Unlimited 25% Bitcoin Match Bonusfor every deposit and Bovada having bitcoin bonuses on your first three deposits. "
Bitcoin network's computing power: is it an accurate predictor of BTC price?. According to Coin Telegraph on Sunday, 21 March, "Hash rate refers to the overall computing power involved in validating transactions on the Bitcoin (BTC) blockchain. ", "Most likely, 2017 was an outlier when it comes to BTC price as Bitcoin entered a phase of parabolic price growth. "
Bitcoin price slides 5% after failing to break $60k — here's why. According to Coin Telegraph on Sunday, 21 March, "According to a pseudonymous Bitcoin trader and technical analyst known as "Byzantine General," there has been serious selling pressure on Bitfinex.", "Willy Woo, the prominent on-chain analyst, explained that Bitcoin has a decent chance of not going under $1 trillion market capitalization again."
Bitcoin mining stocks have outperformed BTC by 455% over the past 12 months. According to Coin Telegraph on Monday, 22 March, "Shimron attributed the wild volatility in miner stocks to the lack of regulated crypto investment products in the United States, speculating that "until a Bitcoin ETF is approved, investors may view public mining companies as one of the only ways to get exposure to Bitcoin." "Since the primary source of revenue is Bitcoin, these companies are fundamentally long [on] the industry – so investors are essentially making a ‘picks and shovels’ bet when they invest in miners.", "Despite the top publicly-listed Bitcoin mining firms operating at losses, their share prices have dramatically outperformed BTC over the past 12 months."
Long-term investors continue to hodl despite $1t Bitcoin market cap. According to Coin Telegraph on Monday, 22 March, "The data shows that few long-term investors are tempted to sell their Bitcoin at current price levels, suggesting Bitcoin’s whales are hodling for higher prices and the current bull-trend could have much further to go.", "It has also been reported that around a fifth of all BTC has been lost or stolen, suggesting the actual circulating supply of Bitcoin could be considerably lower, bolstering the scarcity of the asset."
Skybridge capital latest to file Bitcoin ETF application with US SEC. According to Coin Telegraph on Monday, 22 March, "The First Trust SkyBridge ETF Trust is now one of several applications for a Bitcoin ETF that is currently awaiting a verdict from the SEC.", "In the absence of an exchange-traded fund, the lack of regulated investment products offering exposure to the price of Bitcoin appears to be driving U.S.-based investors to speculate on the shares of prominent businesses operating in the digital asset sector."
Exchange reserves plunge to pre-$61k lows: 5 things to watch in Bitcoin this week. According to Coin Telegraph on Monday, 22 March, "Investors may be thirsty for fresh Bitcoin all-time highs, but two network fundamentals are already at or almost hitting new territory of their own.", "Other on-chain indicators nonetheless paint a mixed picture of where exactly Bitcoin is in its bull cycle and how much price upside remains."
Microsoft reportedly polling xbox users about Bitcoin payment option. According to Coin Telegraph on Monday, 22 March, "Microsoft is now asking Xbox users about #Bitcoin pic.twitter.com/TjuY18L5Wh- Documenting Bitcoin (@DocumentingBTC) March 21, 2021", "While it may be open to accepting Bitcoin as payment, Microsoft has no plans to make a bigger move into crypto like Tesla. "
Bitcoin searches in Turkey spike 566% after turkish lira drops 14%. According to Coin Telegraph on Monday, 22 March, "Google searches for Bitcoin (BTC) emanating from Turkey exploded in the past 24 hours, after the value of the Turkish lira dropped 14% following the firing of a central bank governor.", "According to data from Google Trends, the number of searches for Bitcoin spiked 566% in the hours immediately following news of the lira’s demise. "
Bitcoin uptrend not over: big whales aren't selling btc, data shows. According to Coin Telegraph on Monday, 22 March, "Considering that big whales have been accumulating Bitcoin as the cryptocurrency consolidates between $55,000 and $59,000, the bull trend remains intact despite the rising U.S. 10-year Treasury yields.", "According to the data from Santiment, big Bitcoin whales have been mostly accumulating Bitcoin as over 35,000 BTC has left exchanges in the past 30 days. "