As a bleak first quarter draws to a close, crypto seems to have the wind in its sails. It has pushed through the $2At Monday’s high of $47,765,broke above the narrow $34,000-$44,000 range it’s traded in for most of 2022. Through a steady grind higher from a low just above $40,000 on March 21, it has gained 18%.s, traditional currencies and even safe-haven gold, which have been shaken by the Russian invasion of Ukraine as well as the Federal Reserve’s tightening.
Its 30-day volatility is around 4%, about two-thirds the level it was in June 2021, according to futures trading platform Coinglass. The highest this year was 4.56% on March 16.has still had wild swings, such as a 17% jump on March 1. But it’s distinctly tamer than in 2021 when it could move as much as 40% in a day.has whipsawed 5-6% on numerous days in 2022, and was down 20% for the year as of March 14, before it rallied to cut half that loss.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Broader potentials in the Philippine data center market - BusinessWorld OnlineBy Adrian Paul B. Conoza, Special Features Assistant Editor Data centers are becoming a growing opportunity in the Philippines in the past few years, especially as the coronavirus disease 2019 (COVID-19) pandemic further accelerated digital transformation among organizations and individuals. From a few facilities that cater solely to telco players, much more have been emerging […]
Source: bworldph - 🏆 9. / 68 Read more »
Cartier honors Filipina working at helping with student loans - BusinessWorld OnlineA FILIPINA entrepreneur rose to the occasion and spoke at a gathering for the Cartier Women’s Initiative at the National Gallery in Singapore during International Women’s Day on March 8. READ:
Source: bworldph - 🏆 9. / 68 Read more »
Which areas in the Philippines are vote-rich? - BusinessWorld OnlineBusinessWorld: The most trusted source of Philippine business news and analysis
Source: bworldph - 🏆 9. / 68 Read more »
BPI AMTC launches three ESG-linked UITF products - BusinessWorld OnlineBPI ASSET Management and Trust Corp. (BPI AMTC) launched sustainable dollar-denominated investment options available for both corporate and retail clients.
Source: bworldph - 🏆 9. / 68 Read more »
Emperador Brandy now available in UAE’s largest liquor shop - BusinessWorld OnlineEMPERADOR, Inc. announced that its Emperador Brandy is now sold at The Original Barracuda, the largest liquor shop in the United Arab Emirates (UAE). READ:
Source: bworldph - 🏆 9. / 68 Read more »
Seeking to capture ‘timeless’ look, Ralph Lauren debuts ‘22 fall/winter collection - BusinessWorld OnlineAfter so much time apart during the pandemic, fashion designer Ralph Lauren debuted his Fall/Winter 2022 collection in the hopes of using “timeless” designs to bring us all back together. READ:
Source: bworldph - 🏆 9. / 68 Read more »