Ripple is currently on bearish momentum. At 05:03 EST on Wed 16 Dec, Ripple is at $0.45 and down by 7.6% in the last 24 hours.
Over the last six hours, Ripple’s higher value was $0.46 and the lower value was $0.45.
Over the last twelve hours, Ripple’s higher value was $0.47 and the lower value was $0.44.
In relation to Ripple’s daily highs and lows, it’s 2.614% up from its trailing 24-hour low of $0.44 and 7.857% down from its trailing 24-hour high of $0.49.
In relation to the Ripple’s yearly highs and lows, it’s 292.268% up from its 52-week low and 41.211% 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, "The $100 million purchase suggests adoption of Bitcoin is spreading from family offices and wealthy investors to insurance firms and pension funds, strategists including Nikolaos Panigirtzoglou said in a note Friday. ", "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."
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’s dizzying rally in 2020 has captivated the professional investing class."