NEO is currently on bearish momentum. At 14:03 EST on Tuesday, 29 December, NEO is at $14.90 and down by 7.79% in the last 24 hours.

NEO Range

Over the last six hours, NEO’s higher value was $14.92 and the lower value was $14.52.

Over the last twelve hours, NEO’s higher value was $15.14 and the lower value was $14.52.

Regarding NEO’s daily highs and lows, it’s 2.617% up from its trailing 24-hour low of $14.52 and 7.223% down from its trailing 24-hour high of $16.06.

About NEO’s yearly highs and lows, it’s 252.246% up from its 52-week low and 42.56% down from its 52-week high.

Volatility

NEO’s last day, last week, and last month’s average volatility was a positive 3.38%, a negative 1.09%, and a negative 0.46%, respectively.

NEO’s last day, last week, and last month’s high and low average amplitude percentage was 7.56%, 13.68%, and 8.13%, respectively.

News about Bitcoin

Bitcoin miners in nordic region get a boost from cheap power. According to Bloomberg Quint on Sunday, 27 December, ""We have seen a notable up-tick in investor appetite for Bitcoin mining opportunities in Norway," said Tyler Page, a business developer at Bitfury. ", "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 Sunday, 27 December, "Janet Yellen, who’s been nominated to serve as Treasury secretary in Biden’s administration, has in recent years cautioned investors over Bitcoin, saying it was a "highly speculative asset" and "not a stable store of value." A representative didn’t immediately return a request seeking comment.", "Clayton’s exit from the regulator is welcome news for crypto fans who saw him take a hard line over the years, suing to halt initial coin offerings, rejecting applications for Bitcoin exchange-traded funds and launching a last-minute lawsuit against Ripple Labs Inc. Gensler, who served as a Commodity Futures Trading Commission chairman during the Obama administration, is a senior advisor to the MIT Media Lab Digital Currency Initiative and teaches about blockchain technology and digital currencies."

Bitcoin on longest winning run since 2019 after hitting record. According to Bloomberg Quint on Monday, 28 December, "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 has divided opinion as its price more than tripled in 2020 amid a worsening pandemic. "

Bitcoin on longest winning run since 2019 after topping $28,000. According to Bloomberg Quint on Monday, 28 December, "Read more: Bitcoin Crushes Doubters as 224% Rally Proves It’s Here to Stay", "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. "

Bitcoin mining stocks surge after the cryptocurrency passes $28,000 for the first time. According to Business Insider on Monday, 28 December, "On Sunday, bitcoin briefly jumped past $28,000, just one day after passing $27,000 for the first time. ", "Last week CleanSpark announced its adding 1,000 bitcoin miners to its mining fleet."

Bitcoin rally likely to peak out in coming weeks, says technical analyst. According to Business Insider on Tuesday, 29 December, "Grayscale Bitcoin Trust (OTC:GBTC) and Grayscale Ethereum Trust (OTC:ETHE) closed 11.33% and 4.32% higher at $30.45 and $16.90 on Monday, respectively.", "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 Tuesday, 29 December, "Companies like Robinhood Markets Inc. and PayPal Holdings Inc. allowed their customers to buy and sell bitcoin.", "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."

LEAVE A REPLY

Please enter your comment!
Please enter your name here