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Supply Chain Risk

Ripple On Bearish Momentum: 7.17% Down In The Last 6 Hours

Ripple is currently on bearish momentum. At 01:03 EST on Wednesday, 30 December, Ripple is at $0.21 and down by 7.17% in the last 6 hours.

Ripple Range

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 $0.24 and the lower value was $0.20.

About Ripple’s daily highs and lows, it’s 14.611% up from its trailing 24-hour low of $0.18 and 14.042% down from its trailing 24-hour high of $0.24.

In relation to Ripple’s yearly highs and lows, it’s 79.235% up from its 52-week low and 73.138% down from its 52-week high.

Volatility

Ripple’s last day, last week, and last month’s average volatility was a negative 12.22%, a negative 4.18%, and a negative 1.60%, respectively.

Ripple’s last day, last week, and last month’s high and low average amplitude percentage was 42.05%, 29.60%, and 15.11%, respectively.

News about Bitcoin

Bitcoin miners in nordic region get a boost from cheap power. According to Bloomberg Quint on Sunday, 27 December, “Having coin flowing from the Nordic region helps reduce the political risk profile of Bitcoin.”, “The resulting glut in the most important raw material for making the virtual coins coincided with a year when the price of Bitcoin tripled.”

Bitcoin faces regulatory scrutiny after record-breaking rally. According to Bloomberg Quint on Sunday, 27 December, “While none of those reasons for buying Bitcoin comport with its origins as an alternative to fiat currencies, they do point to a growing acceptance of crypto as an asset class of its own. “, “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 Monday, 28 December, “Bitcoin climbed as much as 3.6% on Monday and was trading at about $27,150 as of 1 p.m. in Tokyo. “, “Bitcoin has divided opinion as its price more than tripled in 2020 amid a worsening pandemic. “

Bitcoin on longest winning run since 2019 after topping $28,000. According to Bloomberg Quint on Monday, 28 December, “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.”, “Edward Moya, senior market analyst at Oanda, says demand for Bitcoin is “relentless.””

Bitcoin mining stocks surge after the cryptocurrency passes $28,000 for the first time. According to Business Insider on Monday, 28 December, “As bitcoin’s price increases, new bitcoin mining devices become more difficult and expensive to procure. “, “Shares of bitcoin mining companies Riot Blockchain and Marathon Patent Group soared on Monday morning following bitcoin’s record holiday weekend rally. “

Bitcoin rally likely to peak out in coming weeks, says technical analyst. According to Business Insider on Tuesday, 29 December, “Bitcoin(BTC) rally seems headed for abreather in early January, as per Newton Advisors President Mark Newton.”, “At press-time Bitcoin traded 1.26% lower at $26,845.73 and Ethereum traded 1.06% higher at $715.97.”

Bitcoin looks to gain traction in payments. According to The Wall Street Journal on Tuesday, 29 December, “Bitcoin, introduced in 2008, was designed to operate as a form of electronic cash, allowing users to exchange value as quickly and cheaply as sending an email. “, “Despite those inroads, industry watchers say bitcoin must gain traction as a form of payment to become more ubiquitous. “

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