Litecoin is currently on bullish momentum. At 21:05 EST on Wed 16 Dec, Litecoin is at $92.63 and up by 3.25% in the last 6 hours.

Litecoin Range

Over the last six hours, Litecoin’s higher value was $92.83 and the lower value was $89.71.

Over the last twelve hours, Litecoin’s higher value was $92.83 and the lower value was $86.98.

In relation to Litecoin’s daily highs and lows, it’s 16.107% up from its trailing 24-hour low of $79.78 and 0.215% down from its trailing 24-hour high of $92.83.

In relation to the Litecoin’s yearly highs and lows, it’s 262.26% up from its 52-week low and 1.216% 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. “, “If pension funds and insurance companies in the U.S., euro area, U.K. and Japan allocate 1% of assets to Bitcoin, that would result in additional Bitcoin demand of $600 billion, the strategists said. “

Fund managers see Bitcoin trade crowded as institutions jump in. According to Bloomberg Quint on Tue Dec 15, “Bitcoin’s dizzying rally in 2020 has captivated the professional investing class.”, “Bitcoin rose as much as 1.9% on Tuesday to trade around $19,562. “

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 surpassed $20,000 for the first time, another milestone in what’s been an eye-popping rally for the controversial digital asset this year.”

Canada’s CI financial completes $72 million IPO of Bitcoin fund. According to Bloomberg Quint on Wed Dec 16, “Canadian mutual fund manager CI Financial Corp. completed a $72 million initial public offering of a Bitcoin fund to help clients access the cryptocurrency in the midst of an eye-catching rally.”, “The New York-based firm will also execute all Bitcoin trading on behalf of the fund. “

Bitcoin whale surfaces with $1 billion and alan howard’s backing. According to Bloomberg Quint on Wed Dec 16, “While gold also stands to appreciate in a world of debased currencies and inflationary fears, Peters thinks Bitcoin and Ether prices can far outpace that rise.”, “Peters was wary of triggering a spike in the prices of Bitcoin or Ether. “

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? “, “None of this bothers the champions of “digital gold,”who push the narrative that Bitcoin serves as some kind of metaphorical mattress under which everyone should stuff rapidly depreciating dollars or euros.”

Crypto observers debate what’s next after Bitcoin hits record. According to Bloomberg Quint on Wed Dec 16, “These people are holding for the long term, and their faith helps to prevent Bitcoin falling to zero in its frequent crashes. “, “If central banks tighten monetary policy and/or governments take action to reduce deficits, the attractiveness of Bitcoin as an inflation hedge and source of scarce yield could decline rapidly.”

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.”, “So you know, Bitcoin actually has a lot of the attributes of gold and at the same time has an unusual value in terms of transactions.””

(Excerpt) Read more Here | 2020-12-16 19:05:00
Image credit: source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.