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Stellar On Bearish Momentum: 5.03% Down In The Last 6 Hours

Via News Editorial Team

December 18, 2020

Stellar On Bearish Momentum: 5.03% Down In The Last 6 Hours

Stellar is currently on bearish momentum. At 20:08 EST on Thu 17 Dec, Stellar is at $0.18 and down by 5.03% in the last 6 hours.

Stellar Range

Over the last six hours, Stellar's higher value was $0.19 and the lower value was $0.18.

Over the last twelve hours, Stellar's higher value was $0.20 and the lower value was $0.18.

Regarding Stellar's daily highs and lows, it's 1.667% up from its trailing 24-hour low of $0.18 and 8.5% down from its trailing 24-hour high of $0.20.

Concerning Stellar's yearly highs and lows, it's 542.105% up from its 52-week low and 20.366% down from its 52-week high.

News about Bitcoin

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 rose as much as 1.9% on Tuesday to trade around $19,562. "

Bitcoin surpasses $20,000 for first time amid dizzying rally. According to Bloomberg Quint on Wed Dec 16, "Bitcoin surpassed $20,000 for the first time, another milestone in what's been an eye-popping rally for the controversial digital asset 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, ""Having a product that can be bought directly -- it can be bought through their financial adviser on behalf of them -- it just makes their life a lot simpler than having to address their desire for Bitcoin via different structures and wallets," MacAlpine said in an interview.", "The CI Galaxy Bitcoin Fund's shares will start trading in U.S. and Canadian dollars on the Toronto Stock Exchange."

Bitcoin whale surfaces with $1 billion and alan howard’s backing. According to Bloomberg Quint on Wed Dec 16, "Assets in the Grayscale Bitcoin Trust, the largest player, have swelled to more than $10 billion.", "Peters was wary of triggering a spike in the prices of Bitcoin or Ether. "

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."

All aboard the billionaires’ Bitcoin bandwagon?. According to Bloomberg Quint on Wed Dec 16, "While Bitcoin is great as a billionaire's speculative plaything, it's hardly auseful digital currency or safe haven investment for the average punter. ", "News on Wednesday that One River Asset Management has set up a fund company that will have about $1 billion in Bitcoin and fellow digital coin Ether by early next year suggests that institutional investors are starting to take cryptocurrencies more seriously."

Crypto observers debate what’s next after Bitcoin hits record. According to Bloomberg Quint on Wed Dec 16, "That, coupled with the demonstrable success of Bitcoin's non-inflationary monetary policy, has been and will continue to be the main driver of the rally.", "Coppola: Many investors think all this monetary and fiscal stimulus will debase fiat currencies, so cryptocurrencies -- especially coins like Bitcoin that have limited supply -- are attractive as inflation hedges. "

Guggenheim’s scott minerd says Bitcoin should be worth $400,000. According to Bloomberg Quint on Wed Dec 16, "So you know, Bitcoin actually has a lot of the attributes of gold and at the same time has an unusual value in terms of transactions."", "As Bitcoin surges to record highs, Scott Minerd of Guggenheim Investments believes the world's largest cryptocurrency's fair value still has a ways to go."

Bitcoin extends record-setting rally, surpassing $21,800. According to Bloomberg Quint on Thu Dec 17, "Bitcoin extended a record-breaking rally, taking the world's largest cryptocurrency past $21,800 for the first time.", "Bitcoin has more than tripled this year, a surge that's polarized opinion. "

Bitcoin tops $22,000 and strategists say rally has further to go. According to Bloomberg Quint on Thu Dec 17, "Others see speculative fervor that will inevitably lead to a bust akin to the meltdown three years ago after a furious Bitcoin rally.", ""The lowest-ever Bitcoin annual volatility measure versus gold and the stock market near the end of 2020 may sustain the crypto's performance advantage in 2021," said Bloomberg Intelligence strategist Mike McGlone in a report. "

Bitcoin hits new all-time high above $23,000, extending its wild 2020 rally. According to CNBC on Thu Dec 17, "Bitcoin later pared back its gains slightly, trading over 8% higher at about 22,600 by 6 a.m. ET.", "Bitcoin hit a fresh record high above $23,000 on Thursday, extending a wild rally for the cryptocurrency that has seen it more than triple in value this year."

Quants ride into crypto wild west in the 500% Bitcoin comeback. According to Bloomberg Quint on Thu Dec 17, ""We saw the impact of massive printing of cash by governments around the world and so we made the decision that mostly likely Bitcoin will benefit," he said from Miami.", "When he went all-in on Bitcoin this year, it was based on a judgment call rather than any systematic signals."

Bitcoin is up 200% this year. investment pros say the price could reach $400,000. According to MarketWatch on Thu Dec 17,

Bitcoin exchange coinbase files for initial public offering. According to The Wall Street Journal on Thu Dec 17,

Popular crypto exchange coinbase files confidentially to take itself public as Bitcoin price soars to record above $23,000. According to MarketWatch on Thu Dec 17,

Largest U.S. cryptocurrency exchange coinbase files for IPO as Bitcoin soars past $23,000. According to CNBC on Thu Dec 17, "Bitcoin has garnered much attention from investors lately, and Paul Tudor Jones and Stanley Druckenmiller are among those who have come out in favor of the cryptocurrency. "