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Bitcoin On Bullish Momentum: 3.69% Up In The Last 6 Hours

Via News Editorial Team

December 27, 2020

Bitcoin On Bullish Momentum: 3.69% Up In The Last 6 Hours

Bitcoin is currently on bullish momentum. At 02:03 EST on Sunday, 27 December, Bitcoin is at $27,602.06 and up by 3.69% in the last 6 hours.

Bitcoin Range

Over the last six hours, Bitcoin's higher value was $27,602.06 and the lower value was $26,551.37.

Over the last twelve hours, Bitcoin's higher value was $27,602.06 and the lower value was $25,609.20.

Regarding Bitcoin's daily lows, it's 11.682% up from its trailing 24-hour low of $24,714.90

In relation to Bitcoin's yearly highs and lows, it's 572.077% up from its 52-week low and 0.035% down from its 52-week high.

Volatility

Bitcoin's last day and last week average volatility is a positive 7.19% and a positive 3.97%, respectively. Bitcoin's high and low amplitude percentage in the last week was 6.01%.

Last news about Bitcoin

 michael saylor, the CEO who turned a software company into a Bitcoin company. According to Bloomberg Quint on Thu Dec 24, "We speak with MicroStrategy's CEO, Michael Saylor, on why he thinks Bitcoin is the best reserve asset for any company.", "This past summer, the business intelligence software company MicroStrategy made waves when it put some of its extra cash into Bitcoin. "

Bitcoin rally has already outlasted 2017 run. According to The Wall Street Journal on Thu Dec 24, "Bitcoin bulls say the money fueling this year's rally is coming from more reliable sources than past rallies. "

Bitcoin crushes doubters as 224% rally proves it’s here to stay. According to Bloomberg Quint on Thu Dec 24, "Since Bitcoin's market capitalization reached $1 billion in March 2013, there have been two cycles of spikes to record highs, followed by drawdowns of more than 80%. ", "But to bet against Bitcoin recovering from the next crash is to bet against experience. "

Luxxfolio to acquire 590 Bitcoin miners. According to Business Insider on Thu Dec 24,

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.", "Known as the leading cryptocurrency, Bitcoin has been a surprise success during the pandemic, quickly becoming a competitor to gold in some portfolios."

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.", ""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. "