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Ripple On Bearish Momentum: 11.9% Down In The Last 6 Hours

ViaNews Editorial Team

December 29, 2020

Ripple On Bearish Momentum: 11.9% Down In The Last 6 Hours

Ripple is currently on bearish momentum. At 10:03 EST on Tuesday, 29 December, Ripple is at $0.20 and down by 11.9% in the last 6 hours.

Ripple Range

Over the last six hours, Ripple's higher value was $0.22 and the lower value was $0.20.

Over the last twelve hours, Ripple's higher value was $0.23 and the lower value was $0.20.

Regarding Ripple's daily highs and lows, it's 1.7% down from its trailing 24-hour low of $0.20 and 29.786% down from its trailing 24-hour high of $0.28.

In relation to Ripple's yearly highs and lows, it's 70.808% up from its 52-week low and 74.401% down from its 52-week high.

Volatility

Ripple's last day, last week, and last month's average volatility was a negative 14.11%, a negative 3.51%, and a negative 0.80%, respectively.

Ripple's last day, last week, and last month's high and low average amplitude percentage was 27.82%, 25.44%, and 14.33%, respectively.

News about Bitcoin

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.", ""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, "While none of those reasons for buying Bitcoin comport with its origins as an alternative to fiat currencies, they do point to a growing acceptance of crypto as an asset class of its own. ", "But for Bitcoin, 2020 has been a marvelous time."

Bitcoin on longest winning run since 2019 after hitting record. According to Bloomberg Quint on Mon Dec 28, "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.", "Read more: Bitcoin Crushes Doubters as 224% Rally Proves It's Here to Stay"

Bitcoin on longest winning run since 2019 after topping $28,000. According to Bloomberg Quint on Mon Dec 28, "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.", "Ayyar said investors are shifting to Bitcoin and other digital coins in the wake of the XRP development."

Bitcoin mining stocks surge after the cryptocurrency passes $28,000 for the first time. According to Business Insider on Mon Dec 28, "As bitcoin's price increases, new bitcoin mining devices become more difficult and expensive to procure. ", "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 Tue Dec 29, "See Also: MicroStrategy Now Holds 70,470 Bitcoin After Spending $1.1B in 2020", "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."

Bitcoin looks to gain traction in payments. According to The Wall Street Journal on Tue Dec 29, "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.", "Many of the companies that tried accepting bitcoin in 2014 and 2015, including Expedia Group Inc. and Dell Inc., later quietly dropped it."

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.