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Bitcoin On Bearish Momentum: 0.24% Down In The Last 6 Hours

Via News Editorial Team

December 28, 2020

Bitcoin On Bearish Momentum: 0.24% Down In The Last 6 Hours

Bitcoin is currently on bearish momentum. At 03:03 EST on Monday, 28 December, Bitcoin is at $27,007.91 and down by 0.24% 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 $26,936.07.

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

About Bitcoin's daily highs and lows, it's 2.767% up from its trailing 24-hour low of $26,280.82 and 2.774% down from its trailing 24-hour high of $27,778.49.

About Bitcoin's yearly highs and lows, it's 557.61% up from its 52-week low and 4.528% 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 is soaring once again, hitting a new record price of $24,661 on Friday, with investors declaring "Happy Bitmas," on social media.", "However, Bitcoin investors - known for their unquenchable optimism - think this is just the start."

Bitcoin miners in nordic region get a boost from cheap power. According to Bloomberg Quint on Sun Dec 27, ""There is a very important strategic shift away from mining in China to mining in western countries like Sweden as Bitcoin investors become more public and want more stability and critical safety," said Salter at Genesis. ", ""It is one of the biggest developments in Bitcoin mining to look out for.""

Bitcoin faces regulatory scrutiny after record-breaking rally. According to Bloomberg Quint on Sun Dec 27, "Janet Yellen, who's been nominated to serve as Treasury secretary in Biden's administration, has in recent years cautioned investors over Bitcoin, saying it was a "highly speculative asset" and "not a stable store of value." A representative didn't immediately return a request seeking comment.", ""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. "

Bitcoin on longest winning run since 2019 after hitting record. According to Bloomberg Quint on Mon Dec 28, "Bitcoin has divided opinion as its price more than tripled in 2020 amid a worsening pandemic. ", "Others question Bitcoin's validity as an investment and point to the digital currency's history of wild rallies followed by crashes."