Ethereum On Bullish Momentum: 6.97% Up In The Last 6 Hours

Ethereum is currently on bullish momentum. At 02:04 EST on Wednesday, 6 January, Ethereum is at $1,149.01 and up by 6.97% in the last 6 hours.

Ethereum Range

Over the last six hours, Ethereum’s higher value was $1,149.01 and the lower value was $1,074.14.

Over the last twelve hours, Ethereum’s higher value was $1,149.01 and the lower value was $1,074.14.

Concerning Ethereum’s daily lows, it’s 13.922% up from its trailing 24-hour low of $1,008.59

About Ethereum’s yearly highs and lows, it’s 1107.197% up from its 52-week low and 0.362% down from its 52-week high.

Volatility

Ethereum’s last day, last week, and last month’s average volatility was 5.75%, 6.32%, and 2.14%, respectively.

Ethereum’s last day, last week, and last month’s high and low average amplitude percentage was 14.45%, 13.35%, and 8.09%, respectively.

Last news about Ethereum

A crypto CEO breaks down why he would not be surprised to see Bitcoin and ethereum rise at least 100% in 2021 – and says the current sell-offs are a ‘very natural and healthy thing’. According to Business Insider on Tuesday, 5 January, “That would put bitcoin’s price at more than $58,000, and Ethereum at roughly $1,486 before 2022.”, “During that interview, King said bitcoin still had “a long way to go,” and that Ethereum is “here to stay” and is the cryptocurrency he’s most bullish on outside of bitcoin.”

News about Bitcoin

BQ big decisions: Bitcoin is crying out for A place in your portfolio. beware of the risks. According to Bloomberg Quint on Sunday, 3 January, “On this BQ Big Decisions podcast, BloombergQuint speaks to author, angel investor and expert on Bitcoin Ajeet Khurana about what to keep in mind when deciding whether to invest in Bitcoin.”

Ether follows Bitcoin to record high amid dizzying crypto rally. According to Bloomberg Quint on Monday, 4 January, “The digital currency Ether reached a record on Monday a day after Bitcoin breached $34,000 for the first time as the surge in cryptocurrencies continues.”, “Proponents of Bitcoin argue that it’s muscling in on gold as a hedge against U.S. dollar weakness and inflation risk, citing evidence of growing interest among institutional investors. “

Bitcoin falls most since March as volatility grips trading. According to Bloomberg Quint on Monday, 4 January, “Still, Bitcoin is up more than 300% over the past year, driven by a speculative fever from retail and institutional investors on the belief that cryptocurrencies are emerging as a mainstream asset class and can act as a store of value.”, “Believers in Bitcoin have pointed to the market’s supply constraints and supposedly rampant money printing by central banks as key drivers of bullish narrative. “

JPMorgan sees $146,000-plus Bitcoin price as long-term target. According to Bloomberg Quint on Tuesday, 5 January, “The valuation and position backdrop has become a lot more challenging for Bitcoin at the beginning of the New Year,” the strategists wrote. “, “For now, JPMorgan sees headwinds for the largest cryptocurrency, with indicators like a buildup of speculative long positions and an increase in investment wallets holding small amounts of Bitcoin showing potential froth.”

According to CNBC on Tuesday, 5 January, “Many institutional investors are using investment vehicles like Grayscale’s Bitcoin Trust as a means of buying into bitcoin. “, “According to JPMorgan, more than $3 billion has flowed into the Grayscale Bitcoin Trust since mid-October while gold ETFs have bled $7 billion.”

Coindesk buys tradeblock, joining rush for Bitcoin analytics. According to The Wall Street Journal on Tuesday, 5 January, “Its most notable product is a bitcoin price index called the XBX that is used as the reference rate, or benchmark price, for investment funds such as the Grayscale Bitcoin Trust .”

Bitcoin could soon be worth $146,000. here’s how it would get there. According to MarketWatch on Tuesday, 5 January, “JPMorgan says that by one measure, bitcoincurrently consumes 3.4 times more risk capital than gold and over 5 times more, if comparing the Grayscale Bitcoin Trust versus the SPDR Gold Shares , the largest gold ETF by asset.”

Gamblers could use Bitcoin at slot machines with new patent. According to Bloomberg Quint on Tuesday, 5 January, “That means players could move Bitcoin into their virtual wallets on a slot machine using their phones.”, “While Bitcoin isn’t widely used in transactions, some users have been known to buy expensive cars, houses and boats with the cryptocurrency. “

Scaramucci sees massive gains for Bitcoin in comparison to gold. According to Bloomberg Quint on Tuesday, 5 January, “Strategists at JPMorgan Chase & Co. made a similar projection this week, arguing that Bitcoin has the potential to reach $146,000 in the long term as it competes with gold as an asset class.”, “SkyBridge announced a Bitcoin fund for affluent investors, with the SkyBridge Bitcoin Fund LP debuting Monday. “

According to Business Insider on Tuesday, 5 January, “While a few options exist, like the aforementioned Grayscale Bitcoin Trust, bitcoin ETFs remain scarce: In the US, the SEC has refused (as of early 2021) to allow them, due to the difficulty of accurately assessing the currency’s value and liquidity.”

Bitcoin tops $35,000 to set another record as wild swings resume. According to Bloomberg Quint on Wednesday, 6 January, “More institutions and noted investors, from Paul Tudor Jones to Scott Minerd and Stan Druckenmiller, have either started allocating funds into Bitcoin or have said they’re open to doing so.”

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