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Bitcoin On Bullish Momentum: 2.48% Up In The Last 6 Hours

ViaNews Editorial Team

December 28, 2020

Bitcoin On Bullish Momentum: 2.48% Up In The Last 6 Hours
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Bitcoin is currently on bullish momentum. At 23:03 EST on Sunday, 27 December, Bitcoin is at $27,170.27 and up by 2.48% in the last 6 hours.

Bitcoin Range

Over the last six hours, Bitcoin's higher value was $27,170.27 and the lower value was $26,280.82.

Over the last twelve hours, Bitcoin's higher value was $27,170.27 and the lower value was $26,280.82.

In relation to Bitcoin's daily highs and lows, it's 3.384% up from its trailing 24-hour low of $26,280.82 and 2.19% down from its trailing 24-hour high of $27,778.49.

Concerning Bitcoin's yearly highs and lows, it's 561.563% up from its 52-week low and 0.254% down from its 52-week high.

Volatility

Bitcoin's last day and last week average volatility is a negative 0.63% and a positive 3.24%, respectively. Bitcoin's high and low amplitude percentage in the last week was 6.62%.

Last news about Bitcoin

Bitcoin surges to fresh record high and looks set to break the $25,000 level: 'merry bitmas'. According to Business Insider on Fri Dec 25, "Bitcoin has a current market cap of about $350 billion, while that of gold's stands at roughly $10 trillion.", "Known as the leading cryptocurrency, Bitcoin has been a surprise success during the pandemic, quickly becoming a competitor to gold in some portfolios."

Bitcoin miners in nordic region get a boost from cheap power. According to Bloomberg Quint on Sun Dec 27, "The current market dynamics give big miners alternatives to places where Bitcoin are usually created such as China, Kazakhstan and Canada.", "Having coin flowing from the Nordic region helps reduce the political risk profile of Bitcoin."

Bitcoin faces regulatory scrutiny after record-breaking rally. According to Bloomberg Quint on Sun Dec 27, ""What's happening now -- and it's happening faster than anyone could ever imagine -- is that Bitcoin is moving from a fringe esoteric asset to the mainstream," said Matt Hougan, chief investment officer of Bitwise Asset Management. ", "But for Bitcoin, 2020 has been a marvelous time."

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.