IOTA (MIOTA-USD) Cryptocurrency Is 17% Down In The Last 6 Hours

IOTA (MIOTA-USD) Cryptocurrency is currently on bearish momentum by 17.70% in the last 6 hours. At 12:10 EST on Friday, 21 May, IOTA (MIOTA-USD) is at $1.13.

Social Status

Currently, IOTA (MIOTA-USD) has 188356 Twitter followers and 134356 Reddit subscribers.

Volatility

IOTA’s last week, last month’s, and last quarter’s current volatility was a negative 5.32%, a negative 1.47%, and a positive 5.04%, respectively.

IOTA’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 6.23% (last week), 5.80% (last month), and 5.04% (last quarter), respectively.

News about Bitcoin

Whatever Bitcoin is, it isn’t acting like money. According to Bloomberg Quint on Friday, 21 May, “Traders and hedge-fund managers thrive on the volatility; banks can offer custody services; creators of exchange-traded funds are eager to offer Bitcoin versions. “, “Anyone who still thinks Bitcoin is a viable form of money should have learned otherwise this week. “

Cathie wood, still a Bitcoin believer, sees it going to $500,000. According to Bloomberg Quint on Wednesday, 19 May, “In the interview, Wood also addressed the prospects for a Bitcoin exchange-traded fund to be approved in the U.S. this year, which appears to some less likely after a string of comments from regulators. “, “She noted that as highly volatile sectors in the stock market are selling off amid inflation fears, Bitcoin is dropping as well. “

According to Business Insider on Wednesday, 19 May, “Elliptic found that there were 47 bitcoin wallets – that is, digital cryptocurrency accounts belonging to distinct entities – that paid Bitcoin ransoms to the group of hackers. “

Bitcoin erases all gains since Elon Musk’s initial big embrace. According to Bloomberg Quint on Wednesday, 19 May, “He announced that Tesla would suspend car purchases using the token and called recent energy consumption trends “insane.” Over the weekend, after insinuating his EV company might have sold its Bitcoin holdings, he sent out tweets clarifying that it hadn’t. “, “Fueling the volatility is Tesla CEO Musk himself, who surprised crypto advocates last week with an announcement that the company would no longer accept Bitcoin as payment. “

More news about IOTA (MIOTA-USD).

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