IOTA Cryptocurrency Is 18% Down In The Last 24 Hours

IOTA Cryptocurrency is currently on bearish momentum by 18.31% in the last 24 hours. At 23:07 EST on Thursday, 22 April, IOTA is at $1.70.

Social Status

Currently, IOTA has 173219 Twitter followers and 129536 Reddit subscribers.

Crypto Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, IOTA’s crypto is considered to be overbought (>=80).

News about Bitcoin

Cathie wood’s ARK says Bitcoin mining is good for the planet. According to Bloomberg Quint on Thursday, 22 April, “Square Inc., which Wood cited in a Twitter post as collaborating on the research, has been buying Bitcoin and says crypto is a growing part of its business through the use of its Cash App for Bitcoin transactions.”, “The argument is that Bitcoin mining could encourage investment in solar energy systems, enabling renewables to fulfill a higher percentage of demand from the energy grid at a constant cost of electricity, according to a post from ARK research director Brett Winton, who credited Yassine Elmandjra and Sam Korus as co-authors. “

Cathie wood’s ARK has Bitcoin and solar backwards. According to Bloomberg Quint on Thursday, 22 April, “There is theexistential question of what the actual utility of Bitcoin really is, beyond giving certain social media accounts something to focus on. “, “If anything, Bitcoin might be a useful adjunct for a dispatchable, low-carbon power source suffering from persistently high costs …nuclear Bitcoin, anyone?”

What Elon Musk and jack dorsey are missing about Bitcoin and green energy. According to Bloomberg Quint on Thursday, 22 April, “On Twitter, Dorsey said Bitcoin “incentivizes renewable energy.” Musk responded with one word: “True.”, “In their research, ARK and Square proposed that a renewable power project could be built without a grid connection, just to power a Bitcoin operation. “

‘crypto dad’ giancarlo joins board of Bitcoin lender blockfi. According to Bloomberg Quint on Tuesday, 20 April, “While Cboe dropped its Bitcoin contract, CME Group’s has been a success, and the exchange recently added Ether futures.”, “It was not without its controversy,” he said, adding that Thomas Peterffy, chairman of Interactive Brokers, placed a full-page ad in the Wall Street Journal decrying the move and saying words to the effect of, “Don’t let Bitcoin futures come about or the western world will end.” Even Wall Street’s futures group, the Futures Industry Association, was against the idea, he said.”

More news about IOTA.

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