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Ripple On Bullish Momentum: 12.59% Up In The Last 6 Hours

ViaNews Editorial Team

December 16, 2020

Ripple On Bullish Momentum: 12.59% Up In The Last 6 Hours

Ripple is currently on bullish momentum. At 13:11 EST on Wed 16 Dec, Ripple is at $0.51 and up by 12.59% in the last 6 hours.

Ripple Range

Over the last six hours, Ripple's higher value was $0.53 and the lower value was $0.46.

Over the last twelve hours, Ripple's higher value was $0.53 and the lower value was $0.45.

In relation to Ripple's daily highs and lows, it's 16.886% up from its trailing 24-hour low of $0.44 and 2.962% down from its trailing 24-hour high of $0.53.

In relation to the Ripple's yearly highs and lows, it's 346.829% up from its 52-week low and 33.034% 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, "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. ", "Bitcoin has dipped after hitting a record at the start of December but remains in sight of the $20,000 level, which it has yet to reach. "

Fund managers see Bitcoin trade crowded as institutions jump in. According to Bloomberg Quint on Tue Dec 15, "Guggenheim Partners LLC, for instance, recently said it might invest up to 10% of its $5.3 billion Macro Opportunities Fund in a Bitcoin trust. ", "The largest have come from the region, with exchanges in North America getting net inflows of Bitcoin from other areas worldwide. "

Bitcoin surpasses $20,000 for first time amid dizzying rally. According to Bloomberg Quint on Wed Dec 16, "Bitcoin has almost tripled this year.", "Bitcoin has surged despite a severe crash in March that saw it lose 25% amid the coronavirus pandemic. "

Canada’s CI financial completes $72 million IPO of Bitcoin fund. According to Bloomberg Quint on Wed Dec 16, "Bitcoin has gained popularity as a hedge against U.S. dollar weakness and as investors seek to bolster returns amid rock-bottom interest rates. ", "Toronto-based CI Financial will manage the fund while investor Mike Novogratz's Galaxy Digital Capital Management will be Bitcoin sub-adviser. "

Bitcoin whale surfaces with $1 billion and alan howard’s backing. According to Bloomberg Quint on Wed Dec 16, "A hedge fund specializing in volatility bets has emerged as one of the largest investors in Bitcoin after quietly buying more than $600 million in cryptocurrencies and joining forces with Alan Howard, the co-founder of Brevan Howard Asset Management.", "Bitcoin surpassed $20,000 Wednesday to hit a record and has almost tripled in price this year."

Bitcoin tops $20,000 for first time. According to The Wall Street Journal on Wed Dec 16, "Bitcoin surged above $20,000 on Wednesday for the first time in its 11-year history, part of a furious rally that has seen the digital currency double since September."

Bitcoin price surges to fresh record above $20,000. According to MarketWatch on Wed Dec 16, "Bitcoin prices were trading at $20,339 according to CoinDesk data, up nearly 5% on the session, with gains for the digital asset supported by a flood of institutional investor attention on cryptos like bitcoin and other virtual currencies."

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.

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