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Ripple On Bearish Momentum: 0% Down In The Last 6 Hours

Via News Editorial Team

December 28, 2020

Ripple On Bearish Momentum: 0% Down In The Last 6 Hours

Ripple is currently on bearish momentum. At 19:08 EST on Sunday, 27 December, Ripple is at $0.28 and down by 0% in the last 6 hours.

Ripple Range

Over the last six hours, Ripple's higher value was $0.30 and the lower value was $0.28.

Over the last twelve hours, Ripple's higher value was $0.30 and the lower value was $0.28.

Concerning Ripple's daily highs, it's 6.667% down from its trailing 24-hour high of $0.30

Concerning Ripple's yearly highs and lows, it's 0% down from its 52-week low and 0% down from its 52-week high.

Volatility

Ripple's last day and last week average volatility is a negative 7.94% and a positive 13.52%, respectively. Ripple's high and low amplitude percentage in the last week was 27.29%.

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 has a current market cap of about $350 billion, while that of gold's stands at roughly $10 trillion.", "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."

Bitcoin miners in nordic region get a boost from cheap power. According to Bloomberg Quint on Sun Dec 27, ""We have seen a notable up-tick in investor appetite for Bitcoin mining opportunities in Norway," said Tyler Page, a business developer at Bitfury. ", ""It is one of the biggest developments in Bitcoin mining to look out for.""

Bitcoin faces regulatory scrutiny after record-breaking rally. According to Bloomberg Quint on Sun Dec 27, "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."