Ethereum is currently on bullish momentum. At 02:05 EST on Thu 17 Dec, Ethereum is at $643.33 and up by 9.88% in the last 24 hours.
Over the last six hours, Ethereum’s higher value was $645.36 and the lower value was $635.70.
Over the last twelve hours, Ethereum’s higher value was $645.36 and the lower value was $622.68.
In relation to Ethereum’s daily highs and lows, it’s 9.885% up from its trailing 24-hour low of $585.46 and 0.315% down from its trailing 24-hour high of $645.36.
In relation to the Ethereum’s yearly highs and lows, it’s 575.909% up from its 52-week low and 0.961% 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, “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. “, “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. “
Fund managers see Bitcoin trade crowded as institutions jump in. According to Bloomberg Quint on Tue Dec 15, “And the investors have been large — exchanges are sending 19% more transfers worth $1 million or more this year while Bitcoin’s price has been above $10,000 compared with 2017 when it was trading above those levels, he said.”, “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 surpasses $20,000 for first time amid dizzying rally. According to Bloomberg Quint on Wed Dec 16, “”People tend to pile into momentum trades, so Bitcoin could have more upside from here,” said Ed Campbell, portfolio manager and managing director at QMA.”, “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.”
Canada’s CI financial completes $72 million IPO of Bitcoin fund. According to Bloomberg Quint on Wed Dec 16, “Read more: Fund Managers See Bitcoin Trade Crowded as Institutions Jump In”, “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, “He described executing his trades as inconspicuously as possible and finishing all the buying in November before Bitcoin hit $16,000.”, “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 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, “Even as payments companies like PayPal Holdings Inc. or Square Inc. strive to bring Bitcoin trading to the masses, very few merchants directly touch the stuff. “, “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, “Coppola: I’m not convinced that there is all that much of a relationship between Bitcoin and gold. “, “Unlike 2017, the Google searches for Bitcoin have been unremarkable, and the speculation levels (as seen by leveraged foreign retail markets) have been quite low. “
Guggenheim’s scott minerd says Bitcoin should be worth $400,000. According to Bloomberg Quint on Wed Dec 16, “His comments came on the same day Bitcoin breached $20,000 for the first time, bringing its 2020 gain to 190%.”, “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.””
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, “Bitcoin’s scarcity combined with “rampant money printing” by the Federal Reserve mean the digital token should eventually climb to about $400,000, Scott Minerd, the chief investment officer at Guggenheim, said on Bloomberg TV on Wednesday.”, “The rally in digital assets is polarizing opinion, given Bitcoin’s history of boom and bust. “