Litecoin is currently on bullish momentum. At 08:07 EST on Thu 17 Dec, Litecoin is at $101.14 and up by 8.95% in the last 6 hours.
Over the last six hours, Litecoin’s higher value was $101.14 and the lower value was $92.83.
Over the last twelve hours, Litecoin’s higher value was $101.14 and the lower value was $91.16.
Regarding Litecoin’s daily lows, it’s 18.182% up from its trailing 24-hour low of $85.58
In relation to Litecoin’s yearly highs and lows, it’s 295.542% up from its 52-week low and 0.804% 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, "If pension funds and insurance companies in the U.S., euro area, U.K. and Japan allocate 1% of assets to Bitcoin, that would result in additional Bitcoin demand of $600 billion, the strategists said. ", "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."
Fund managers see Bitcoin trade crowded as institutions jump in. According to Bloomberg Quint on Tue Dec 15, "About 15% of fund managers, with $534 billion under management, surveyed by Bank of America Corp. said Bitcoin is the third-most crowded trade behind being long technology shares and shorting the U.S. dollar. ", "Bitcoin Cash gained more than 9%, while the Bloomberg Galaxy Crypto Index advanced as much as 2%."
Bitcoin surpasses $20,000 for first time amid dizzying rally. According to Bloomberg Quint on Wed Dec 16, "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.", "Bitcoin has surged despite a severe crash in March that saw it lose 25% amid the coronavirus pandemic. "
Canada’s CI financial completes $72 million IPO of Bitcoin fund. According to Bloomberg Quint on Wed Dec 16, "Canadian mutual fund manager CI Financial Corp. completed a $72 million initial public offering of a Bitcoin fund to help clients access the cryptocurrency in the midst of an eye-catching rally.", "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 whale surfaces with $1 billion and alan howard’s backing. According to Bloomberg Quint on Wed Dec 16, "A hedge fund specializing in volatility bets has emerged as one of the largest investors in Bitcoin after quietly buying more than $600 million in cryptocurrencies and joining forces with Alan Howard, the co-founder of Brevan Howard Asset Management.", "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."", "While Bitcoin is great as a billionaire’s speculative plaything, it’s hardly auseful digital currency or safe haven investment for the average punter. "
Crypto observers debate what’s next after Bitcoin hits record. According to Bloomberg Quint on Wed Dec 16, "Bitcoin’s strength relies very much on fiat money being copious and unrewarding. ", "Coppola: Many investors think all this monetary and fiscal stimulus will debase fiat currencies, so cryptocurrencies — especially coins like Bitcoin that have limited supply — are attractive as inflation hedges. "
Guggenheim’s scott minerd says Bitcoin should be worth $400,000. According to Bloomberg Quint on Wed Dec 16, "So you know, Bitcoin actually has a lot of the attributes of gold and at the same time has an unusual value in terms of transactions."", "It’s a similar argument to what’s often offered by some of Bitcoin’s most prominent backers, including famed investor Paul Tudor Jones, who said earlier this year he’s been buying Bitcoin as a hedge against what he expects will be faster inflation after years of muted consumer-price increases. "
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 only just smashed the $20,000 mark on Wednesday.", "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."