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EOS On Bullish Momentum: 9.04% Up In The Last 24 Hours

ViaNews Editorial Team

December 17, 2020

EOS On Bullish Momentum: 9.04% Up In The Last 24 Hours
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EOS is currently on bullish momentum. At 21:13 EST on Wed 16 Dec, EOS is at $3.10 and up by 9.04% in the last 24 hours.

EOS Range

Over the last six hours, EOS's higher value was $3.11 and the lower value was $3.02.

Over the last twelve hours, EOS's higher value was $3.11 and the lower value was $2.98.

In relation to EOS's daily highs and lows, it's 9.523% up from its trailing 24-hour low of $2.83 and 0.338% down from its trailing 24-hour high of $3.11.

In relation to the EOS's yearly highs and lows, it's 111.83% up from its 52-week low and 43.394% 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, "A recent investment in Bitcoin by Massachusetts Mutual Life Insurance Co. highlights the potential for additional institutional demand for the cryptocurrency in coming years, according to JPMorgan Chase & Co.", "The $100 million purchase suggests adoption of Bitcoin is spreading from family offices and wealthy investors to insurance firms and pension funds, strategists including Nikolaos Panigirtzoglou said in a note Friday. "

Fund managers see Bitcoin trade crowded as institutions jump in. According to Bloomberg Quint on Tue Dec 15, "Guggenheim Partners LLC, for instance, recently said it might invest up to 10% of its $5.3 billion Macro Opportunities Fund in a Bitcoin trust. ", "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 surpasses $20,000 for first time amid dizzying rally. According to Bloomberg Quint on Wed Dec 16, "Bitcoin's cross above $20,000 is its second major milestone in recent weeks -- the coin at the end of November reached a new high three years after setting a prior peak. ", "This "is the start of a new chapter for Bitcoin. "

Canada’s CI financial completes $72 million IPO of Bitcoin fund. According to Bloomberg Quint on Wed Dec 16, "Canadian mutual fund manager CI Financial Corp. completed a $72 million initial public offering of a Bitcoin fund to help clients access the cryptocurrency in the midst of an eye-catching rally.", "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.", "Ruffer on Tuesday disclosed a 2.5% position in Bitcoin in one of its funds, describing it as "a small but potent insurance policy against the continuing devaluation of the world's major currencies.""

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."", "But before you race to open a digital wallet, look back to what happened to Bitcoin last time it approached these levels. "

Crypto observers debate what’s next after Bitcoin hits record. According to Bloomberg Quint on Wed Dec 16, "What this means for Bitcoin is that it could easily surpass gold, even with gold appreciating as money printing continues. ", "But Bitcoin is also a speculative asset, unlike gold. "

Guggenheim’s scott minerd says Bitcoin should be worth $400,000. According to Bloomberg Quint on Wed Dec 16, ""Our fundamental work shows that Bitcoin should be worth about $400,000," Minerd told Bloomberg Television on Wednesday. ", "Last month, the firm filed to reserve the right to invest as much as 10% of its $5.3 billion Macro Opportunities Fund in the Grayscale Bitcoin Trust, which invests solely in Bitcoin."

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.