IOTA Cryptocurrency Over 13% Down In The Last 6 Hours

IOTA Cryptocurrency is currently on bearish momentum by 13.29% in the last 6 hours. At 18:06 EST on Sunday, 25 April, IOTA is at $1.58.

Social Status

Currently, IOTA has 174437 Twitter followers and 129785 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, “With the largest cryptocurrency in the mix, energy providers could play the arbitrage between electricity prices and Bitcoin prices, as well as sell surplus solar — and supply almost all grid power demands without lowering profitability, they said.”, “All else equal, with Bitcoin mining, we believe renewable energy should be able to provision a large percentage of any locality’s power economically,” the post said. “

Power transaction: Bitcoin whales move over $6b worth of crypto in A day. According to Business Insider on Saturday, 24 April, “Given the recent corrections, market participants are speculating about where Bitcoin may be headed next. “, “Scott Minerd,the chief investment officer at Guggenheim Partners, a financial services firm managingover $310 billion,believesthat Bitcoin could go as low as $20,000.”

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?”

More news about IOTA.

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