Ethereum is currently on bullish momentum. At 12:05 EST on Thu 17 Dec, Ethereum is at $671.35 and up by 7.98% in the last 24 hours.
Over the last six hours, Ethereum’s higher value was $671.35 and the lower value was $657.04.
Over the last twelve hours, Ethereum’s higher value was $671.35 and the lower value was $640.40.
Regarding Ethereum’s daily lows, it’s 8.566% up from its trailing 24-hour low of $618.38
Concerning Ethereum’s yearly highs and lows, it’s 605.348% up from its 52-week low and 0.362% down from its 52-week high.
News about Bitcoin
JPMorgan says massmutual’s Bitcoin foray signals widening demand. According to Bloomberg Quint on Mon Dec 14, "At the same time, traditional investors like insurers and pension portfolios face regulatory hurdles relating to risk levels and liability mismatches, likely limiting how much they can put into Bitcoin, the JPMorgan strategists wrote.", "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. "
Fund managers see Bitcoin trade crowded as institutions jump in. According to Bloomberg Quint on Tue Dec 15, "Recent forays into the cryptocurrencies space by Square Inc., MicroStrategy Inc. and Massachusetts Mutual Life Insurance Co. are “laying out the groundwork for how you add Bitcoin to your balance sheet, how you should think about Bitcoin as a substitute for cash,” Ginns said on a webinar hosted by Evercore ISI Tuesday. ", "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, "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.", "This "is the start of a new chapter for Bitcoin. "
Canada’s CI financial completes $72 million IPO of Bitcoin fund. According to Bloomberg Quint on Wed Dec 16, "The Bitcoin held in the fund will be stored in a segregated cold-storage system, and investors will be able to redeem the fund’s units at net asset value on an annual basis.", "Bitcoin has gained popularity as a hedge against U.S. dollar weakness and as investors seek to bolster returns amid rock-bottom interest rates. "
Bitcoin whale surfaces with $1 billion and alan howard’s backing. According to Bloomberg Quint on Wed Dec 16, "Read more: Paul Tudor Jones Buys Bitcoin, Citing Echo of Gold in the 1970s", "In addition to its initial purchases, One River Digital Asset Management has commitments that will bring its holdings of Bitcoin and Ether to about $1 billion as of early 2021, he said."
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, "A study by the Kansas City Fed comparing bonds, gold and Bitcoin between 1995 and Feb. 2020 found that Treasuries behaved "consistently" as a safe haven, gold did so "occasionally" and Bitcoin got a "never."", "None of this bothers the champions of "digital gold,"who push the narrative that Bitcoin serves as some kind of metaphorical mattress under which everyone should stuff rapidly depreciating dollars or euros."
Crypto observers debate what’s next after Bitcoin hits record. According to Bloomberg Quint on Wed Dec 16, "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.", "This time is different has been a recurring theme during the boom and bust periods of Bitcoin’s little more than a decade long existence. "
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, "Here’s what people in markets are saying about Bitcoin’s move:", "Bitcoin and the wider Bloomberg Galaxy Crypto Index have both more than tripled this year. "
Bitcoin hits new all-time high above $23,000, extending its wild 2020 rally. According to CNBC on Thu Dec 17, "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.", "Bitcoin later pared back its gains slightly, trading over 8% higher at about 22,600 by 6 a.m. ET."
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.", "Trend-following, for example, is built on the notion that humans have a tendency to follow the herd in everything, from single stocks and oil to Bitcoin futures."
Bitcoin is up 200% this year. investment pros say the price could reach $400,000. According to MarketWatch on Thu Dec 17,