Bitcoin On Bullish Momentum: 4.55% Up In Last 6 Hours

Bitcoin is currently on bullish momentum. At 13:03 EST on Wed December 16, Bitcoin is at $ 20,639.60 and up 4.55% in the last 6 hours.

Bitcoin range

Over the last six hours, the higher value of Bitcoin was $ 20,820.10 and the lower value was $ 19,742.20.

Over the last twelve hours, the higher value of Bitcoin was $ 20,820.10 and the lower value was $ 19,407.20.

In relation to Bitcoin daily highs and lows, it is 6.765% up from its 24-hour low of $ 19,331.80 and 0.867% down from its 24-hour high of $ 20,820.10.

In relation to Bitcoin annual highs and lows, it is 402.549% up from its 52-week low and 0.867% down from its 52-week high.

Recent days news about Bitcoin

What is the value of Bitcoin? little consensus in the fragmented market. According to The Wall Street Journal on Sun Dec 13, “Bitcoin enthusiasts agree that the digital currency has recently hit a record.”, “Bitcoin and hundreds of other cryptocurrencies are trading on independent exchanges around the world.”

JPMorgan says Bitcoin massmutual signals are expanding demand. According to Bloomberg Quint on Monday, December 14, “Recent investment in Bitcoin by Massachusetts Mutual Life Insurance Co. highlights the potential for additional institutional demand for the cryptocurrency in the coming years, according to JPMorgan Chase & Co.”, “Bitcoin has dipped after hitting a record at the beginning of December but remains in the spotlight at the $ 20,000 level, which has yet to be reached.”

Fund managers see Bitcoin trade overflowing as institutions jump in. According to Bloomberg Quint on Tuesday December 15, “Bitcoin rose as much as 1.9% on Tuesday to trade around $ 19,562.”, “The largest has come from the region, with North American exchanges having net inflows of Bitcoin from other areas around the world. “

Bitcoin surpasses $ 20,000 for the first time amid a dizzying rally. According to Bloomberg Quint on Wed Dec 16, “This” is the start of a new chapter for Bitcoin. “,” “People tend to pile into momentum trades, so Bitcoin could get more upside down from here,” said Ed Campbell, portfolio manager and managing director at QMA. “

Canadian financial CI completes $ 72 million IPO of Bitcoin fund. According to Bloomberg Quint on Wed December 16, “” Having a product that can be purchased directly – which can be purchased through their financial adviser on their behalf – makes their life much simpler than having to deal with Their desire for Bitcoin through various structures and wallets, “MacAlpine said in an interview.”, “The New York-based company will also carry out all Bitcoin trading on behalf of the fund.”

Bitcoin whale surfaces with $ 1 billion support and alan howard. According to Bloomberg Quint on Wed December 16, “Read more: Paul Tudor Jones buys Bitcoin, quoting Echo of Gold in the 1970s”, “While gold also stands to appreciate in a world of deflationary currency and fears of inflation, Peters believes that Bitcoin and Ether prices can far outweigh rising rises. “

Bitcoin is at the top of $ 20,000 for the first time. According to The Wall Street Journal on Wed Dec 16, “Bitcoin rose above $ 20,000 on Wednesday for the first time in its 11-year history, part of a furious rally that has seen digital currency double since September.”

Bitcoin prices are plunging to a fresh record above $ 20,000. According to MarketWatch on Wed December 16, “Bitcoin prices were trading at $ 20,339 according to CoinDesk data, up nearly 5% on the session, with earnings for the digital asset complemented by a flood of institutional investor coverage on cryptos like bitcoin and other virtual currencies. “