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EOS On Bullish Momentum: 4.81% Up In The Last 6 Hours

ViaNews Editorial Team

December 16, 2020

EOS On Bullish Momentum: 4.81% Up In The Last 6 Hours

EOS is currently on bullish momentum. At 10:13 EST on Wed 16 Dec, EOS is at $2.98 and up by 4.81% in the last 6 hours.

EOS Range

Over the last six hours, EOS's higher value was $2.98 and the lower value was $2.85.

Over the last twelve hours, EOS's higher value was $2.98 and the lower value was $2.83.

In relation to EOS's daily highs and lows, it's 5.367% up from its trailing 24-hour low of $2.83 and 0.064% up from its trailing 24-hour high of $2.98.

In relation to the EOS's yearly highs and lows, it's 103.793% up from its 52-week low and 45.542% down from its 52-week high.

News about Bitcoin

What is Bitcoin worth? little consensus in fragmented market. According to The Wall Street Journal on Sun Dec 13, "Bitcoin enthusiasts agree the digital currency hit a record recently. ", "Bitcoin and hundreds of other cryptocurrencies trade on independent exchanges around the world. "

JPMorgan says massmutual’s Bitcoin foray signals widening demand. According to Bloomberg Quint on Mon Dec 14, "Bitcoin has dipped after hitting a record at the start of December but remains in sight of the $20,000 level, which it has yet to reach. ", "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."

Fund managers see Bitcoin trade crowded as institutions jump in. According to Bloomberg Quint on Tue Dec 15, "Bitcoin's dizzying rally in 2020 has captivated the professional investing class.", "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, ""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.", "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."

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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