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Ethereum On Bullish Momentum: 1.25% Up In The Last 6 Hours

ViaNews Editorial Team

December 28, 2020

Ethereum On Bullish Momentum: 1.25% Up In The Last 6 Hours
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Ethereum is currently on bullish momentum. At 02:05 EST on Monday, 28 December, Ethereum is at $711.42 and up by 1.25% in the last 6 hours.

Ethereum Range

Over the last six hours, Ethereum's higher value was $711.42 and the lower value was $701.66.

Over the last twelve hours, Ethereum's higher value was $711.42 and the lower value was $677.15.

About Ethereum's daily lows, it's 12.058% up from its trailing 24-hour low of $634.87

About Ethereum's yearly highs and lows, it's 647.447% up from its 52-week low and 0.262% down from its 52-week high.

Volatility

Ethereum's last day and last week average volatility is a positive 7.36% and a positive 4.97%, respectively. Ethereum's high and low amplitude percentage in the last week was 8.97%.

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.", "Bitcoin is soaring once again, hitting a new record price of $24,661 on Friday, with investors declaring "Happy Bitmas," on social media."

Bitcoin miners in nordic region get a boost from cheap power. According to Bloomberg Quint on Sun Dec 27, "The resulting glut in the most important raw material for making the virtual coins coincided with a year when the price of Bitcoin tripled.", "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."

Bitcoin on longest winning run since 2019 after hitting record. According to Bloomberg Quint on Mon Dec 28, "Bitcoin climbed as much as 3.6% on Monday and was trading at about $27,150 as of 1 p.m. in Tokyo. ", "Bitcoin is on track for its longest monthly winning streak in more than a year after touching a record above $28,000 over the weekend."

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.