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EOS On Bearish Momentum: 10.9% Down In The Last 24 Hours

ViaNews Editorial Team

December 29, 2020

EOS On Bearish Momentum: 10.9% Down In The Last 24 Hours

EOS is currently on bearish momentum. At 11:05 EST on Tuesday, 29 December, EOS is at $2.56 and down by 10.9% in the last 24 hours.

EOS Range

Over the last six hours, EOS's higher value was $2.65 and the lower value was $2.56.

Over the last twelve hours, EOS's higher value was $2.70 and the lower value was $2.56.

About EOS's daily highs and lows, it's 0.035% up from its trailing 24-hour low of $2.56 and 10.144% down from its trailing 24-hour high of $2.85.

In relation to EOS's yearly highs and lows, it's 75.021% up from its 52-week low and 53.231% down from its 52-week high.

Volatility

EOS's last day, last week, and last month's average volatility was a positive 1.82%, a negative 1.13%, and a negative 0.33%, respectively.

EOS's last day, last week, and last month's high and low average amplitude percentage was 6.76%, 14.11%, and 7.98%, respectively.

News about Bitcoin

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.", "The current market dynamics give big miners alternatives to places where Bitcoin are usually created such as China, Kazakhstan and Canada."

Bitcoin faces regulatory scrutiny after record-breaking rally. According to Bloomberg Quint on Sun Dec 27, "While none of those reasons for buying Bitcoin comport with its origins as an alternative to fiat currencies, they do point to a growing acceptance of crypto as an asset class of its own. ", "But with Bitcoin capturing greater attention, it could also garner further scrutiny from regulators, says Guy Hirsch, managing director for the U.S. at online-trading platform eToro. "

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. ", "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."

Bitcoin on longest winning run since 2019 after topping $28,000. According to Bloomberg Quint on Mon Dec 28, "Bitcoin climbed as much as 3.6% on Monday and was trading at about $27,260 as of 9:25 a.m. in New York. ", "Others question Bitcoin's validity as an investment and point to the digital currency's history of wild rallies followed by crashes."

Bitcoin mining stocks surge after the cryptocurrency passes $28,000 for the first time. According to Business Insider on Mon Dec 28, "In recent days bitcoin mining companies have announced major purchases of new equipment.", "As bitcoin's price increases, new bitcoin mining devices become more difficult and expensive to procure. "

Bitcoin rally likely to peak out in coming weeks, says technical analyst. According to Business Insider on Tue Dec 29, "Basing his analysis on another chart, which uses three disparate Bitcoin cycles, Newton said, "All those years where we had a stellar Q4 we reversed course in trend back in late December, early January, and actually went lower."", "See Also: MicroStrategy Now Holds 70,470 Bitcoin After Spending $1.1B in 2020"

Bitcoin looks to gain traction in payments. According to The Wall Street Journal on Tue Dec 29, "The dealership recently sold two high-end sports cars-a 2017 Pagani Huayra Roadster and a2019 Bugatti Chiron-to a customer who paid more than $6 million in bitcoin, according to owner Nick Dossa, who says about 3% to 5% of the dealership's revenue comes from bitcoin transactions.", "Vegas Auto Gallery, a luxury auto dealership in Las Vegas, has become a playground for wealthy bitcoin investors who want to cash in."

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.

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