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Bitcoin ranked most volatile currency in world

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A new study reveals the most volatile cryptocurrencies, with Bitcoin ranking as the riskiest of the market leaders.

The research by online crypto casino Bombastic analyzed price data for the largest 100 cryptocurrencies by market cap. It ranked each based on the volatility between its highest and lowest USD price over the last 12 months from January 2024.

The most volatile cryptocurrencies

Bitcoin (BTC) is the most volatile after its price skyrocketed from $20,195 in March 2023 to $46,936 in Jan 2024. It has the highest growth in dollar value compared to any other cryptocurrency over the last 12 months.

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Maker (MKR) had the second greatest fluctuations in value this year. From June 2023 to January 2024, its price went from a low of $616 to a high of $2,144, a 248% increase in seven months.

Ethereum (ETH), in third, has experienced some of the most dramatic price changes in the last year. Its price has skyrocketed by over $1,000 in the last 12 months, from $1,429 on March 2023 to $2,618 on January 2024.

Bitcoin’s altcoin, Bitcoin Cash (BCH), has the fourth most unpredictable prices in the last year. From June 2023 to July 2024, it tripled from a low of $101 to $306.

BNB (BNB), previously Binance Coin, ranks fifth among the most volatile coins. Its price went from a year-high of $347.9 in April 2023 to a low of $205 in September, plummeting by $142.9 in just four months; the most lost in USD value of the top 100 coins.

Solana (SOL) had the sixth-largest price swings over the last year, with its value flying from just $14.5 in June 2023 to $121 in December 2023, a rapid 736% change in six months.

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ORDI (ORDI) is seventh among the wildest price jumps in the past year. Its value experienced the greatest percentage change of the top ten, skyrocketing 27-fold from $3 in September 2023 to $83 in January 2023. ORDI took the shortest time between its lowest and highest yearly valuation of the top ten.

Bitcoin SV (BSV) showed the eighth most unpredictable shifts in the market. It more than quadrupled from $24.3 to $104 between June 2023 and January 2024.

Quant (QNT) had the ninth most dramatic ups and downs. Its value dropped from $155.9 to $84 between January and October 2023, experiencing the second-greatest dollar loss of $71.9, behind BNB.

Aave (AAVE) ranks tenth among the most unpredictable crypto coins. Its value doubled from $50 to $118.9 between June and December 2023.

A spokesperson from Bombastic commented on the findings: “Now, with years of historical data, these findings offer crypto traders an insight into the riskiest coins to invest in. Data shows that Bitcoin experienced the biggest changes in price, over $25,000 more than the next coin”.

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Most Volatile Cryptocurrencies
Largest difference between highest & lowest prices over the past 12 months (USD)
Rank Symbol Name Lowest value (USD) Highest value (USD) Difference (USD) Difference (%)
1 BTC Bitcoin 20,195 46,936 26,741 132.4
2 MKR Maker 616 2,144 1,528 247.9
3 ETH Ethereum 1,429 2,618 1,188 83.2
4 BCH Bitcoin Cash 101 306.7 204.9 201.3
5 BNB BNB 205 347.9 142.9 69.7
6 SOL Solana 14.5 121.4 106.9 736.9
7 ORDI ORDI 3 83.3 80.4 2,719
8 BSV Bitcoin SV 24.3 104.4 80 329.2
9 QNT Quant 84 155.9 71.9 85.5
10 AAVE Aave 50.1 118.9 68.8 137.3

The post Bitcoin ranked most volatile currency in world appeared first on HIPTHER Alerts.

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Bybit Expands bbSOL Yield Opportunities Through Strategic DeFi Partnerships

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This Week in Finance News: 11 Stories You Need to See

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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.

The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.

  1. Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
    By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few.
  2. Cardinal Health announces two strategic additions to its portfolio
    Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash.
  3. BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
    This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems.
  4. Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
    “I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands.
  5. Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
    The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately.
  6. PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
  7. Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
  8. Finaya Unveils Nationwide Homeownership Platform
    From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient.
  9. GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
    Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too.
  10. GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
    This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics.
  11. Most US shoppers are encountering generative AI while shopping without realizing it
    A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.

For more news like this, check out all of the latest finance-related releases from PR Newswire.

Do you have a finance press release to distribute? Sign up with PR Newswire to share your story with the audiences who matter most.

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Helping Journalists Stay Up to Date on Industry News

These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.

Once they’re signed up, reporters, bloggers, and freelancers have access to the following free features:

  • Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.
  • Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.
  • Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.
  • Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.

The post This Week in Finance News: 11 Stories You Need to See appeared first on .

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Blockchain

Fintech as a Service Market: A Comprehensive Trends Analysis Predicts a USD 1,329.12 Billion by 2032 CAGR: 17.4% | PMR

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