Ripple On Bearish Momentum: 9.95% Down In The Last 6 Hours

Ripple is currently on bearish momentum. At 12:05 EST on Tuesday, 29 December, Ripple is at $0.18 and down by 9.95% in the last 6 hours.

Ripple Range

Over the last six hours, Ripple’s higher value was $0.20 and the lower value was $0.18.

Over the last twelve hours, Ripple’s higher value was $0.22 and the lower value was $0.18.

Concerning Ripple’s daily highs and lows, it’s 1.056% up from its trailing 24-hour low of $0.18 and 35.036% down from its trailing 24-hour high of $0.28.

Regarding Ripple’s yearly highs and lows, it’s 58.036% up from its 52-week low and 76.315% down from its 52-week high.

Volatility

Ripple’s last day, last week, and last month’s average volatility was a negative 14.11%, a negative 3.51%, and a negative 0.80%, respectively.

Ripple’s last day, last week, and last month’s high and low average amplitude percentage was 27.82%, 25.44%, and 14.33%, respectively.

News about Bitcoin

Bitcoin miners in nordic region get a boost from cheap power. According to Bloomberg Quint on Sunday, 27 December, “”There is a very important strategic shift away from mining in China to mining in western countries like Sweden as Bitcoin investors become more public and want more stability and critical safety,” said Salter at Genesis. “, “”We have seen a notable up-tick in investor appetite for Bitcoin mining opportunities in Norway,” said Tyler Page, a business developer at Bitfury. “

Bitcoin faces regulatory scrutiny after record-breaking rally. According to Bloomberg Quint on Sunday, 27 December, “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. “, “But for Bitcoin, 2020 has been a marvelous time.”

Bitcoin on longest winning run since 2019 after hitting record. According to Bloomberg Quint on Monday, 28 December, “Others question Bitcoin’s validity as an investment and point to the digital currency’s history of wild rallies followed by crashes.”, “Bitcoin climbed as much as 3.6% on Monday and was trading at about $27,150 as of 1 p.m. in Tokyo. “

Bitcoin on longest winning run since 2019 after topping $28,000. According to Bloomberg Quint on Monday, 28 December, “Bitcoin is on track for its longest monthly winning streak in more than a year after touching a record above $28,000 over the weekend.”, “Bitcoin climbed as much as 3.6% on Monday and was trading at about $27,260 as of 9:25 a.m. in New York. “

Bitcoin mining stocks surge after the cryptocurrency passes $28,000 for the first time. According to Business Insider on Monday, 28 December, “The company anticipates this addition will increase the cost efficiency of bitcoin mining, and keep the Riot competitive as the available supply of mining hardwire becomes increasingly scarce.”, “On Sunday, bitcoin briefly jumped past $28,000, just one day after passing $27,000 for the first time. “

Bitcoin rally likely to peak out in coming weeks, says technical analyst. According to Business Insider on Tuesday, 29 December, “Bitcoin(BTC) rally seems headed for abreather in early January, as per Newton Advisors President Mark Newton.”, “See Also: MicroStrategy Now Holds 70,470 Bitcoin After Spending $1.1B in 2020”

Bitcoin looks to gain traction in payments. According to The Wall Street Journal on Tuesday, 29 December, “Bitcoin, introduced in 2008, was designed to operate as a form of electronic cash, allowing users to exchange value as quickly and cheaply as sending an email. “, “Many of the companies that tried accepting bitcoin in 2014 and 2015, including Expedia Group Inc. and Dell Inc., later quietly dropped it.”