Bitcoin is currently on bullish momentum. At 11:03 EST on Thu 17 Dec, Bitcoin is at $23,291.00 and up by 3.2% in the last 6 hours.
Over the last six hours, Bitcoin’s higher value was $23,291.00 and the lower value was $22,568.40.
Over the last twelve hours, Bitcoin’s higher value was $23,291.00 and the lower value was $21,764.00.
In relation to Bitcoin’s daily lows, it’s 13.206% up from its trailing 24-hour low of $20,574.00
Regarding Bitcoin’s yearly highs and lows, it’s 467.108% up from its 52-week low and 1.255% down from its 52-week high.
Last days news about Bitcoin
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, "Recent forays into the cryptocurrencies space by Square Inc., MicroStrategy Inc. and Massachusetts Mutual Life Insurance Co. are “laying out the groundwork for how you add Bitcoin to your balance sheet, how you should think about Bitcoin as a substitute for cash,” Ginns said on a webinar hosted by Evercore ISI Tuesday. ", "And the investors have been large — exchanges are sending 19% more transfers worth $1 million or more this year while Bitcoin’s price has been above $10,000 compared with 2017 when it was trading above those levels, he said."
Bitcoin surpasses $20,000 for first time amid dizzying rally. According to Bloomberg Quint on Wed Dec 16, "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.", "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, "The Bitcoin held in the fund will be stored in a segregated cold-storage system, and investors will be able to redeem the fund’s units at net asset value on an annual basis.", ""Having a product that can be bought directly — it can be bought through their financial adviser on behalf of them — it just makes their life a lot simpler than having to address their desire for Bitcoin via different structures and wallets," MacAlpine said in an interview."
Bitcoin whale surfaces with $1 billion and alan howard’s backing. According to Bloomberg Quint on Wed Dec 16, "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 surpassed $20,000 Wednesday to hit a record and has almost tripled in price this year."
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, "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. ", "The artificial scarcity that underpins Bitcoin -from its mining algorithm to the behavior of HODLers,who refuse to abandon their investment no matter how low it goes -helps push its price higher in the boom times; it does nothing to prevent a tumble when whales cash out. "
Crypto observers debate what’s next after Bitcoin hits record. According to Bloomberg Quint on Wed Dec 16, "In short, it could trigger a self-fulfilling prophecy in which Bitcoin overtakes gold. ", "These people are holding for the long term, and their faith helps to prevent Bitcoin falling to zero in its frequent crashes. "
Guggenheim’s scott minerd says Bitcoin should be worth $400,000. According to Bloomberg Quint on Wed Dec 16, "So you know, Bitcoin actually has a lot of the attributes of gold and at the same time has an unusual value in terms of transactions."", "His comments came on the same day Bitcoin breached $20,000 for the first time, bringing its 2020 gain to 190%."
Bitcoin extends record-setting rally, surpassing $21,800. According to Bloomberg Quint on Thu Dec 17, "Bitcoin extended a record-breaking rally, taking the world’s largest cryptocurrency past $21,800 for the first time.", "Bitcoin has more than tripled this year, a surge that’s polarized opinion. "
Bitcoin tops $22,000 and strategists say rally has further to go. According to Bloomberg Quint on Thu Dec 17, "Others see speculative fervor that will inevitably lead to a bust akin to the meltdown three years ago after a furious Bitcoin rally.", "The rally in digital assets is polarizing opinion, given Bitcoin’s history of boom and bust. "
Bitcoin hits new all-time high above $23,000, extending its wild 2020 rally. According to CNBC on Thu Dec 17, "Bitcoin hit a fresh record high above $23,000 on Thursday, extending a wild rally for the cryptocurrency that has seen it more than triple in value this year.", "Bitcoin only just smashed the $20,000 mark on Wednesday."
Quants ride into crypto wild west in the 500% Bitcoin comeback. According to Bloomberg Quint on Thu Dec 17, "Cambrian Asset Management, whose executives hail from the likes of Millennium Management and Winton Capital, is also hoping some downside protection will help the firm lure Bitcoin-curious family offices and institutions.", ""We saw the impact of massive printing of cash by governments around the world and so we made the decision that mostly likely Bitcoin will benefit," he said from Miami."
Bitcoin is up 200% this year. investment pros say the price could reach $400,000. According to MarketWatch on Thu Dec 17,