Bitcoin On Bearish Momentum: 2.46% Down In The Last 6 Hours – Via News Agency


Bitcoin is currently on bearish momentum. At 19:03 EST on Sunday, 27 December, Bitcoin is at $26,280.82 and down by 2.46% in the last 6 hours.

Bitcoin Range

Over the last six hours, Bitcoin’s higher value was $27,079.24 and the lower value was $26,280.82.

Over the last twelve hours, Bitcoin’s higher value was $27,501.46 and the lower value was $26,280.82.

Concerning Bitcoin’s daily highs, it’s 5.391% down from its trailing 24-hour high of $27,778.49

Regarding Bitcoin’s yearly highs and lows, it’s 0% down from its 52-week low and 0% down from its 52-week high.

Volatility

Bitcoin’s last day and last week average volatility is a positive 7.19% and a positive 3.97%, respectively. Bitcoin’s high and low amplitude percentage in the last week was 6.01%.

Last news about Bitcoin

Bitcoin surges to fresh record high and looks set to break the $25,000 level: ‘merry bitmas’. According to Business Insider on Fri Dec 25, “However, Bitcoin investors – known for their unquenchable optimism – think this is just the start.”, “Bitcoin’s market cap could reach $1 trillion sometime in 2021, according to Garrick Hileman, head of research at Blockchain.com, if investors take its reserve currency status more seriously.”

Bitcoin miners in nordic region get a boost from cheap power. According to Bloomberg Quint on Sun Dec 27, “”We have seen a notable up-tick in investor appetite for Bitcoin mining opportunities in Norway,” said Tyler Page, a business developer at Bitfury. “, “Having coin flowing from the Nordic region helps reduce the political risk profile of Bitcoin.”

Bitcoin faces regulatory scrutiny after record-breaking rally. According to Bloomberg Quint on Sun Dec 27, “Janet Yellen, who’s been nominated to serve as Treasury secretary in Biden’s administration, has in recent years cautioned investors over Bitcoin, saying it was a “highly speculative asset” and “not a stable store of value.” A representative didn’t immediately return a request seeking comment.”, “But for Bitcoin, 2020 has been a marvelous time.”

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