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Ethereum On Bearish Momentum: 1.46% Down In The Last 6 Hours

ViaNews Editorial Team

December 28, 2020

Ethereum On Bearish Momentum: 1.46% Down In The Last 6 Hours

Ethereum is currently on bearish momentum. At 09:04 EST on Monday, 28 December, Ethereum is at $726.06 and down by 1.46% in the last 6 hours.

Ethereum Range

Over the last six hours, Ethereum's higher value was $736.67 and the lower value was $723.95.

Over the last twelve hours, Ethereum's higher value was $736.67 and the lower value was $701.66.

Regarding Ethereum's daily highs and lows, it's 7.223% up from its trailing 24-hour low of $677.15 and 1.44% down from its trailing 24-hour high of $736.67.

Regarding Ethereum's yearly highs and lows, it's 662.828% up from its 52-week low and 1.541% down from its 52-week high.

Volatility

Ethereum's last day and last week average volatility is a positive 7.36% and a positive 4.97%, respectively. Ethereum's high and low amplitude percentage in the last week was 8.97%.

News about Bitcoin

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's market cap could reach $1 trillion sometime in 2021, according to Garrick Hileman, head of research at Blockchain.com, if investors take its reserve currency status more seriously.", "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.", ""We have seen a notable up-tick in investor appetite for Bitcoin mining opportunities in Norway," said Tyler Page, a business developer at Bitfury. "

Bitcoin faces regulatory scrutiny after record-breaking rally. According to Bloomberg Quint on Sun Dec 27, "But for Bitcoin, 2020 has been a marvelous time.", ""What's happening now -- and it's happening faster than anyone could ever imagine -- is that Bitcoin is moving from a fringe esoteric asset to the mainstream," said Matt Hougan, chief investment officer of Bitwise Asset Management. "

Bitcoin on longest winning run since 2019 after hitting record. According to Bloomberg Quint on Mon Dec 28, "Ayyar said investors are shifting to Bitcoin and other digital coins in the wake of the XRP development.", "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."

In this story · Knowledge Files

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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