Ripple is currently on bearish momentum. At 22:03 EST on Tue 15 Dec, Ripple is at $0.45 and down by 4.45% in the last 6 hours.
Over the last six hours, Ripple’s higher value was $0.47 and the lower value was $0.44.
Over the last twelve hours, Ripple’s higher value was $0.48 and the lower value was $0.44.
In relation to Ripple’s daily highs and lows, it’s 3.25% up from its trailing 24-hour low of $0.44 and 9.14% down from its trailing 24-hour high of $0.50.
In relation to the Ripple’s yearly highs and lows, it’s 294.7% up from its 52-week low and 40.846% down from its 52-week high.
News about Bitcoin
What is Bitcoin worth? little consensus in fragmented market. According to The Wall Street Journal on Sun Dec 13, "Bitcoin enthusiasts agree the digital currency hit a record recently. ", "Bitcoin and hundreds of other cryptocurrencies trade on independent exchanges around the world. "
JPMorgan says massmutual’s Bitcoin foray signals widening demand. According to Bloomberg Quint on Mon Dec 14, "A recent investment in Bitcoin by Massachusetts Mutual Life Insurance Co. highlights the potential for additional institutional demand for the cryptocurrency in coming years, according to JPMorgan Chase & Co.", "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. "
Fund managers see Bitcoin trade crowded as institutions jump in. According to Bloomberg Quint on Tue Dec 15, "Bitcoin rose as much as 1.9% on Tuesday to trade around $19,562. ", "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. "