Bitcoin is currently on bullish momentum. At 13:03 EST on Thu 17 Dec, Bitcoin is at $23,365.60 and up by 5.57% in the last 12 hours.
Over the last six hours, Bitcoin’s higher value was $23,506.70 and the lower value was $22,766.20.
Over the last twelve hours, Bitcoin’s higher value was $23,506.70 and the lower value was $22,133.00.
In relation to Bitcoin’s daily highs and lows, it’s 13.569% up from its trailing 24-hour low of $20,574.00 and 0.6% down from its trailing 24-hour high of $23,506.70.
In relation to Bitcoin’s yearly highs and lows, it’s 468.924% up from its 52-week low and 1.118% 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, "”MassMutual’s Bitcoin purchases represent another milestone in the Bitcoin adoption by institutional investors,” the strategists said. ", "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, "Bitcoin rose as much as 1.9% on Tuesday to trade around $19,562. ", "The largest have come from the region, with exchanges in North America getting net inflows of Bitcoin from other areas worldwide. "
Bitcoin surpasses $20,000 for first time amid dizzying rally. According to Bloomberg Quint on Wed Dec 16, "Bitcoin surpassed $20,000 for the first time, another milestone in what’s been an eye-popping rally for the controversial digital asset this year.", ""People tend to pile into momentum trades, so Bitcoin could have more upside from here," said Ed Campbell, portfolio manager and managing director at QMA."
Canada’s CI financial completes $72 million IPO of Bitcoin fund. According to Bloomberg Quint on Wed Dec 16, "The CI Galaxy Bitcoin Fund’s shares will start trading in U.S. and Canadian dollars on the Toronto Stock Exchange.", "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, "Peters was wary of triggering a spike in the prices of Bitcoin or Ether. ", "Assets in the Grayscale Bitcoin Trust, the largest player, have swelled to more than $10 billion."
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. ", "That’s reminiscent of other wealthy investors climbing aboard the bandwagon, such as Paul Tudor Jones, who compared Bitcoin to "investing in Google early." Even if they get burnedon a big bet, it’s money they won’t miss."
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. ", "As corporations manage their cash and don’t see their own stock as being cheap, the notion of holding Bitcoin to protect against depreciation of the dollar (or other fiat currencies) is interesting and could gain favor."
Guggenheim’s scott minerd says Bitcoin should be worth $400,000. According to Bloomberg Quint on Wed Dec 16, "As Bitcoin surges to record highs, Scott Minerd of Guggenheim Investments believes the world’s largest cryptocurrency’s fair value still has a ways to go.", "Bitcoin’s scarcity combined with "rampant money printing" by the Federal Reserve mean the digital token should eventually climb to about $400,000, Minerd, the firm’s chief investment officer, said in an interview. "
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, ""The lowest-ever Bitcoin annual volatility measure versus gold and the stock market near the end of 2020 may sustain the crypto’s performance advantage in 2021," said Bloomberg Intelligence strategist Mike McGlone in a report. ", "Others see speculative fervor that will inevitably lead to a bust akin to the meltdown three years ago after a furious Bitcoin rally."
Bitcoin hits new all-time high above $23,000, extending its wild 2020 rally. According to CNBC on Thu Dec 17, "Bitcoin later pared back its gains slightly, trading over 8% higher at about 22,600 by 6 a.m. ET.", "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."
Quants ride into crypto wild west in the 500% Bitcoin comeback. According to Bloomberg Quint on Thu Dec 17, "When he went all-in on Bitcoin this year, it was based on a judgment call rather than any systematic signals.", "Fragmented liquidity and a top-to-bottom trading range of more than 500% this year are proving both a friend and foe to exotic quants seeking to exploit the crypto Wild West — without getting killed by Bitcoin’s famous volatility."
Bitcoin is up 200% this year. investment pros say the price could reach $400,000. According to MarketWatch on Thu Dec 17,