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EOS On Bullish Momentum: 6.13% Up In The Last 12 Hours

ViaNews Editorial Team

December 16, 2020

EOS On Bullish Momentum: 6.13% Up In The Last 12 Hours

EOS is currently on bullish momentum. At 14:10 EST on Wed 16 Dec, EOS is at $3.01 and up by 6.13% in the last 12 hours.

EOS Range

Over the last six hours, EOS's higher value was $3.03 and the lower value was $2.96.

Over the last twelve hours, EOS's higher value was $3.03 and the lower value was $2.84.

In relation to EOS's daily highs and lows, it's 6.406% up from its trailing 24-hour low of $2.83 and 0.617% down from its trailing 24-hour high of $3.03.

In relation to the EOS's yearly highs and lows, it's 105.802% up from its 52-week low and 45.005% down from its 52-week high.

News about Bitcoin

What is Bitcoin worth? little consensus in fragmented market. According to The Wall Street Journal on Sun Dec 13, "Bitcoin enthusiasts agree the digital currency hit a record recently. ", "Bitcoin and hundreds of other cryptocurrencies trade on independent exchanges around the world. "

JPMorgan says massmutual’s Bitcoin foray signals widening demand. According to Bloomberg Quint on Mon Dec 14, ""MassMutual's Bitcoin purchases represent another milestone in the Bitcoin adoption by institutional investors," the strategists said. ", "If pension funds and insurance companies in the U.S., euro area, U.K. and Japan allocate 1% of assets to Bitcoin, that would result in additional Bitcoin demand of $600 billion, the strategists said. "

Fund managers see Bitcoin trade crowded as institutions jump in. According to Bloomberg Quint on Tue Dec 15, "About 15% of fund managers, with $534 billion under management, surveyed by Bank of America Corp. said Bitcoin is the third-most crowded trade behind being long technology shares and shorting the U.S. dollar. ", "Bitcoin rose as much as 1.9% on Tuesday to trade around $19,562. "

Bitcoin surpasses $20,000 for first time amid dizzying rally. According to Bloomberg Quint on Wed Dec 16, "Bitcoin surpassed $20,000 for the first time, another milestone in what's been an eye-popping rally for the controversial digital asset this year.", "Bitcoin has surged despite a severe crash in March that saw it lose 25% amid the coronavirus pandemic. "

Canada’s CI financial completes $72 million IPO of Bitcoin fund. According to Bloomberg Quint on Wed Dec 16, "Toronto-based CI Financial will manage the fund while investor Mike Novogratz's Galaxy Digital Capital Management will be Bitcoin sub-adviser. ", "Read more: Fund Managers See Bitcoin Trade Crowded as Institutions Jump In"

Bitcoin whale surfaces with $1 billion and alan howard’s backing. According to Bloomberg Quint on Wed Dec 16, "Bitcoin surpassed $20,000 Wednesday to hit a record and has almost tripled in price this year.", "Assets in the Grayscale Bitcoin Trust, the largest player, have swelled to more than $10 billion."

Bitcoin tops $20,000 for first time. According to The Wall Street Journal on Wed Dec 16, "Bitcoin surged above $20,000 on Wednesday for the first time in its 11-year history, part of a furious rally that has seen the digital currency double since September."

Bitcoin price surges to fresh record above $20,000. According to MarketWatch on Wed Dec 16, "Bitcoin prices were trading at $20,339 according to CoinDesk data, up nearly 5% on the session, with gains for the digital asset supported by a flood of institutional investor attention on cryptos like bitcoin and other virtual currencies."

All aboard the billionaires’ Bitcoin bandwagon?. According to Bloomberg Quint on Wed Dec 16, "A study by the Kansas City Fed comparing bonds, gold and Bitcoin between 1995 and Feb. 2020 found that Treasuries behaved "consistently" as a safe haven, gold did so "occasionally" and Bitcoin got a "never."", "Even as payments companies like PayPal Holdings Inc. or Square Inc. strive to bring Bitcoin trading to the masses, very few merchants directly touch the stuff. "

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.

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