IOTA (MIOTA-USD) Cryptocurrency is currently on bearish momentum by 40.84% in the last 14 days. At 20:05 EST on Thursday, 20 May, IOTA (MIOTA-USD) is at $1.31.
IOTA (MIOTA-USD) Range
About IOTA’s daily highs and lows, it’s 36.46% up from its trailing 14 days low of $0.96 and 44.96% down from its trailing 14 days high of $2.38.
Currently, IOTA (MIOTA-USD) has 188011 Twitter followers and 134278 Reddit subscribers.
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.
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
Bitcoin plunges below $33,000 and a key level, chart shows. According to Bloomberg Quint on Wednesday, 19 May, “The rout for the largest cryptocurrency continued on Wednesday, with Bitcoin erasing all of its gains since Tesla Inc.’s Feb. 8 announcement that it would use corporate cash to buy the asset and accept it as a form of payment for its vehicles — only for founder Elon Musk to reverse course. “
Crypto’s nouveau riche lament sudden losses as Bitcoin tumbles. According to Bloomberg Quint on Wednesday, 19 May, “In a display of angst, users posted memes and GIFs on Twitter and other social media platforms as Bitcoin plunged 31% at one point to around $30,000, its worst one-day decline since it traded under $1,000 in December 2013.”, “A Bitcoin investor who seemingly bought some right before the crash shared a picture of a sad-looking SpongeBob SquarePants cartoon:”
Crypto ‘recipe for disaster’ keeps Bitcoin, ether under pressure. According to Bloomberg Quint on Thursday, 20 May, “If Bitcoin closes under $40,000 this evening, we will see another leg lower and a probable retest of $30,000 again.”, “The caution from China and potential regulation by the U.S. are leading to uncertainty that “could cap digital assets in the near term, even resulting in a retest or a modest undercut of the lows in Bitcoin and Ether,” said Julian Emanuel a strategist at BTIG LLC.”
Bitcoin chartists see selloff intensifying with $40,000 in focus. According to Bloomberg Quint on Tuesday, 18 May, “Purves says the next important level for Bitcoin is $42,000 because it roughly equates to where the rally topped out in January and a 50% retracement from December 2020 levels. “, “Evercore ISI’s Rich Ross reckons prices are destined to fall back to the 200-day moving average, following a path of other speculative assets, which would put Bitcoin back at $40,000 compared with just under $45,000 currently.”
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