Bitcoin On Bearish Momentum: 2.23% Down In The Last 6 Hours

Bitcoin is currently on bearish momentum. At 12:03 EST on Sunday, 27 December, Bitcoin is at $26,993.62 and down by 2.23% in the last 6 hours.

Bitcoin Range

Over the last six hours, Bitcoin’s higher value was $27,596.91 and the lower value was $26,993.62.

Over the last twelve hours, Bitcoin’s higher value was $27,778.49 and the lower value was $26,889.51.

Concerning Bitcoin’s daily highs and lows, it’s 5.406% up from its trailing 24-hour low of $25,609.20 and 2.825% down from its trailing 24-hour high of $27,778.49.

In relation to Bitcoin’s yearly highs and lows, it’s 557.262% up from its 52-week low and 4.578% down from its 52-week high.

Volatility

Bitcoin’s last day and last week average volatility is a positive 7.19% and a positive 3.97%, respectively. Bitcoin’s high and low amplitude percentage in the last week was 6.01%.

Last news about Bitcoin

 michael saylor, the CEO who turned a software company into a Bitcoin company. According to Bloomberg Quint on Thu Dec 24, “Then, as Bitcoin ran up, it bought more, and the stock has now soared thanks to the bet. “, “We speak with MicroStrategy’s CEO, Michael Saylor, on why he thinks Bitcoin is the best reserve asset for any company.”

Bitcoin rally has already outlasted 2017 run. According to The Wall Street Journal on Thu Dec 24, “Bitcoin bulls say the money fueling this year’s rally is coming from more reliable sources than past rallies. “

Bitcoin crushes doubters as 224% rally proves it’s here to stay. According to Bloomberg Quint on Thu Dec 24, “Like Monty Python’s Black Knight, Bitcoin believers treat near-fatal volatility as mere flesh wounds. “, “Since Bitcoin’s market capitalization reached $1 billion in March 2013, there have been two cycles of spikes to record highs, followed by drawdowns of more than 80%. “

Luxxfolio to acquire 590 Bitcoin miners. According to Business Insider on Thu Dec 24,

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, “However, Bitcoin investors – known for their unquenchable optimism – think this is just the start.”, “Bitcoin has a current market cap of about $350 billion, while that of gold’s stands at roughly $10 trillion.”

Bitcoin miners in nordic region get a boost from cheap power. According to Bloomberg Quint on Sun Dec 27, “Having coin flowing from the Nordic region helps reduce the political risk profile of Bitcoin.”, “The current market dynamics give big miners alternatives to places where Bitcoin are usually created such as China, Kazakhstan and Canada.”

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. “, “But with Bitcoin capturing…