Ripple is currently on bearish momentum. At 07:03 EST on Tuesday, 29 December, Ripple is at $0.20 and down by 15% in the last 12 hours.
Over the last six hours, Ripple’s higher value was $0.22 and the lower value was $0.20.
Over the last twelve hours, Ripple’s higher value was $0.23 and the lower value was $0.20.
In relation to Ripple’s daily highs, it’s 33.333% down from its trailing 24-hour high of $0.30
In relation to Ripple’s yearly highs and lows, it’s 73.762% up from its 52-week low and 73.958% down from its 52-week high.
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 Sun Dec 27, “The resulting glut in the most important raw material for making the virtual coins coincided with a year when the price of Bitcoin tripled.”, “”This year’s energy prices were particularly low as Bitcoin prices have increased.””
Bitcoin faces regulatory scrutiny after record-breaking rally. According to Bloomberg Quint on Sun Dec 27, “”What’s happening now — and it’s happening faster than anyone could ever imagine — is that Bitcoin is moving from a fringe esoteric asset to the mainstream,” said Matt Hougan, chief investment officer of Bitwise Asset Management. “, “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.”
Bitcoin on longest winning run since 2019 after hitting record. According to Bloomberg Quint on Mon Dec 28, “Bitcoin climbed as much as 3.6% on Monday and was trading at about $27,150 as of 1 p.m. in Tokyo. “, “Others question Bitcoin’s validity as an investment and point to the digital currency’s history of wild rallies followed by crashes.”
Bitcoin on longest winning run since 2019 after topping $28,000. According to Bloomberg Quint on Mon Dec 28, “”Bitcoin is still the trendy trade on Wall Street and that might not go away,” Moya wrote in a note Monday. “, “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 mining stocks surge after the cryptocurrency passes $28,000 for the first time. According to Business Insider on Mon Dec 28, “Last week CleanSpark announced its adding 1,000 bitcoin miners to its mining fleet.”, “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.”
Bitcoin rally likely to peak out in coming weeks, says technical analyst. According to Business Insider on Tue Dec 29, “See Also: MicroStrategy Now Holds 70,470 Bitcoin After Spending $1.1B in 2020”, “Basing his analysis on another chart, which uses three disparate Bitcoin cycles, Newton said, “All those years where we had a stellar Q4 we reversed course in trend back in late December, early January, and actually went lower.””
Bitcoin looks to gain traction in payments. According to The Wall Street Journal on Tue Dec 29, “Despite those inroads, industry watchers say bitcoin must gain traction as a form of payment to become more ubiquitous. “, “The dealership recently sold two high-end sports cars-a 2017 Pagani Huayra Roadster and a2019 Bugatti Chiron-to a customer who paid more than $6 million in bitcoin, according to owner Nick Dossa, who says about 3% to 5% of the dealership’s revenue comes from bitcoin transactions.”