IOTA (MIOTA-USD) Cryptocurrency Slides By 12% In The Last 6 Hours

IOTA (MIOTA-USD) Cryptocurrency is currently on bearish momentum by 12.79% in the last 6 hours. At 03:08 EST on Saturday, 22 May, IOTA (MIOTA-USD) is at $0.98.

IOTA (MIOTA-USD) Range

Regarding IOTA’s daily highs and lows, it’s 0.42% up from its trailing 6 hours low of $0.98 and 11.34% down from its trailing 6 hours high of $1.11.

Social Status

Currently, IOTA (MIOTA-USD) has 188356 Twitter followers and 134405 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.

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 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. “, “The mood music grew darker over the weekend, with Bitcoin dropping about 15% as Musk doubled-down on his criticism of the cryptocurrency’s environmental load.”

Wharton reveals record Bitcoin gift amid crypto market rout. According to Bloomberg Quint on Thursday, 20 May, “In this case, the structure of the donation, which was received a few weeks ago, allows Penn to capture any gains if the price of Bitcoin rises and protects it from losses if the value of the currency drops below that of the initial gift, Zeller said.”, “The capitulation occurred as the University of Pennsylvania was preparing to announce it received its largest ever donation in a cryptocurrency — $5 million in Bitcoin to support the activities of a research center at its Wharton school of business. “

More news about IOTA (MIOTA-USD).

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