Ethereum On Bullish Momentum: 2.25% Up In The Last 6 Hours – Via News Agency


Ethereum is currently on bullish momentum. At 23:06 EST on Sunday, 27 December, Ethereum is at $701.66 and up by 2.25% in the last 6 hours.

Ethereum Range

Over the last six hours, Ethereum’s higher value was $706.59 and the lower value was $683.21.

Over the last twelve hours, Ethereum’s higher value was $706.59 and the lower value was $677.15.

About Ethereum’s daily highs and lows, it’s 10.52% up from its trailing 24-hour low of $634.87 and 0.698% down from its trailing 24-hour high of $706.59.

Regarding Ethereum’s yearly highs and lows, it’s 637.193% up from its 52-week low and 1.622% down from its 52-week high.

Volatility

Ethereum’s last day and last week average volatility is a positive 7.36% and a positive 4.97%, respectively. Ethereum’s high and low amplitude percentage in the last week was 8.97%.

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, “Known as the leading cryptocurrency, Bitcoin has been a surprise success during the pandemic, quickly becoming a competitor to gold in some portfolios.”, “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, “The current market dynamics give big miners alternatives to places where Bitcoin are usually created such as China, Kazakhstan and Canada.”, “”This year’s energy prices were particularly low as Bitcoin prices have increased.””

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Bitcoin faces regulatory scrutiny after record-breaking rally. According to Bloomberg Quint on Sun Dec 27, “While none of those reasons for buying Bitcoin comport with its origins as an alternative to fiat currencies, they do point to a growing acceptance of crypto as an asset class of its own. “, “Clayton’s exit from the regulator is welcome news for crypto fans who saw him take a hard line over the years, suing to halt initial coin offerings, rejecting applications for Bitcoin exchange-traded funds and launching a last-minute lawsuit against Ripple Labs Inc. Gensler, who served as a Commodity Futures Trading Commission chairman during the Obama administration, is a senior advisor to the MIT Media Lab Digital Currency Initiative and teaches about blockchain technology and digital currencies.”



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