Ripple is currently on bullish momentum. At 02:09 EST on Thu 17 Dec, Ripple is at $0.56 and up by 8.08% in the last 12 hours.
Ripple Range
Over the last six hours, Ripple’s higher value was $0.57 and the lower value was $0.55.
Over the last twelve hours, Ripple’s higher value was $0.57 and the lower value was $0.52.
In relation to Ripple’s daily highs and lows, it’s 24.022% up from its trailing 24-hour low of $0.45 and 2.088% down from its trailing 24-hour high of $0.57.
In relation to the Ripple’s yearly highs and lows, it’s 384.883% up from its 52-week low and 27.331% down from its 52-week high.
News about Bitcoin
What is Bitcoin worth? little consensus in fragmented market. According to The Wall Street Journal on Sun Dec 13, “Bitcoin enthusiasts agree the digital currency hit a record recently. “, “Bitcoin and hundreds of other cryptocurrencies trade on independent exchanges around the world. “
JPMorgan says massmutual’s Bitcoin foray signals widening demand. According to Bloomberg Quint on Mon Dec 14, “The $100 million purchase suggests adoption of Bitcoin is spreading from family offices and wealthy investors to insurance firms and pension funds, strategists including Nikolaos Panigirtzoglou said in a note Friday. “, “A recent investment in Bitcoin by Massachusetts Mutual Life Insurance Co. highlights the potential for additional institutional demand for the cryptocurrency in coming years, according to JPMorgan Chase & Co.”
Fund managers see Bitcoin trade crowded as institutions jump in. According to Bloomberg Quint on Tue Dec 15, “Recent forays into the cryptocurrencies space by Square Inc., MicroStrategy Inc. and Massachusetts Mutual Life Insurance Co. are “laying out the groundwork for how you add Bitcoin to your balance sheet, how you should think about Bitcoin as a substitute for cash,” Ginns said on a webinar hosted by Evercore ISI Tuesday. “, “Bitcoin Cash gained more than 9%, while the Bloomberg Galaxy Crypto Index advanced as much as 2%.”
Bitcoin surpasses $20,000 for first time amid dizzying rally. According to Bloomberg Quint on Wed Dec 16, “This “is the start of a new chapter for Bitcoin. “, “Bitcoin’s cross above $20,000 is its second major milestone in recent weeks — the coin at the end of November reached a new high three years after setting a prior peak. “
Canada’s CI financial completes $72 million IPO of Bitcoin fund. According to Bloomberg Quint on Wed Dec 16, “Toronto-based CI Financial will manage the fund while investor Mike Novogratz’s Galaxy Digital Capital Management will be Bitcoin sub-adviser. “, “”Having a product that can be bought directly — it can be bought through their financial adviser on behalf of them — it just makes their life a lot simpler than having to address their desire for Bitcoin via different structures and wallets,” MacAlpine said in an interview.”
Bitcoin whale surfaces with $1 billion and alan howard’s backing. According to Bloomberg Quint on Wed Dec 16, “Ruffer on Tuesday disclosed a 2.5% position in Bitcoin in one of its funds, describing it as “a small but potent insurance policy against the continuing devaluation of the world’s major currencies.””, “He described executing his trades as inconspicuously as possible and finishing all the buying in November before Bitcoin hit $16,000.”
Bitcoin tops $20,000 for first time. According to The Wall Street Journal on Wed Dec 16, “Bitcoin surged above $20,000 on Wednesday for the first time in its 11-year history, part of a furious rally that has seen the digital currency double since September.”
Bitcoin price surges to fresh record above $20,000. According to MarketWatch on Wed Dec 16, “Bitcoin prices were trading at $20,339 according to CoinDesk data, up nearly 5% on the session, with gains for the digital asset supported by a flood of institutional investor attention on cryptos like bitcoin and other virtual currencies.”
All aboard the billionaires’ Bitcoin bandwagon?. According to Bloomberg Quint on Wed Dec 16, “Now that Bitcoin has topped $20,000 for the first time, should you shift your hard-earned cash into digital currencies? “, “News on Wednesday that One River Asset Management has set up a fund company that will have about $1 billion in Bitcoin and fellow digital coin Ether by early next year suggests that institutional investors are starting to take cryptocurrencies more seriously.”
Crypto observers debate what’s next after Bitcoin hits record. According to Bloomberg Quint on Wed Dec 16, “Coppola: Many investors think all this monetary and fiscal stimulus will debase fiat currencies, so cryptocurrencies — especially coins like Bitcoin that have limited supply — are attractive as inflation hedges. “, “Bitcoin’s strength relies very much on fiat money being copious and unrewarding. “
Guggenheim’s scott minerd says Bitcoin should be worth $400,000. According to Bloomberg Quint on Wed Dec 16, “Last month, the firm filed to reserve the right to invest as much as 10% of its $5.3 billion Macro Opportunities Fund in the Grayscale Bitcoin Trust, which invests solely in Bitcoin.”, “His comments came on the same day Bitcoin breached $20,000 for the first time, bringing its 2020 gain to 190%.”
Bitcoin extends record-setting rally, surpassing $21,800. According to Bloomberg Quint on Thu Dec 17, “Bitcoin extended a record-breaking rally, taking the world’s largest cryptocurrency past $21,800 for the first time.”, “Bitcoin has more than tripled this year, a surge that’s polarized opinion. “
Bitcoin tops $22,000 and strategists say rally has further to go. According to Bloomberg Quint on Thu Dec 17, “If Bitcoin sustains its momentum, then “testing $36,000 will be the next real objective,” said Dan Gunsberg, CEO of Hxro, a crypto trading platform. “, “Bitcoin’s scarcity combined with “rampant money printing” by the Federal Reserve mean the digital token should eventually climb to about $400,000, Scott Minerd, the chief investment officer at Guggenheim, said on Bloomberg TV on Wednesday.”
