IOTA (MIOTA-USD) Cryptocurrency Went Up By Over 31% In The Last 6 Hours

IOTA (MIOTA-USD) Cryptocurrency is currently on bullish momentum by 31.97% in the last 6 hours. At 15:08 EST on Wednesday, 19 May, IOTA (MIOTA-USD) is at $1.27.

IOTA (MIOTA-USD) Range

Regarding IOTA’s daily highs and lows, it’s 32.29% up from its trailing 6 hours low of $0.96 and 11.19% down from its trailing 6 hours high of $1.43.

Social Status

Currently, IOTA (MIOTA-USD) has 187548 Twitter followers and 132698 Reddit subscribers.

Volatility

IOTA’s last week, last month’s, and last quarter’s current volatility was a negative 1.62%, a negative 0.31%, and a positive 4.74%, 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 2.53% (last week), 4.91% (last month), and 4.74% (last quarter), respectively.

News about Bitcoin

Fund managers say ‘long Bitcoin’ is the most crowded trade in the world. According to Bloomberg Quint on Tuesday, 18 May, “In case there were any doubt about how how hot Bitcoin or “crypto” is these days, look no further than the latest Bank of America fund manager survey.”

Elon Musk just reopened an old wound in the Bitcoin world. According to Bloomberg Quint on Sunday, 16 May, “But it actually struck right to the heart of an old fight within the Bitcoin world about how the currency would scale. “, “The small block contingent argued that there were better ways to scale Bitcoin for payments (using so-called Layer 2 solutions) and that by adding more payments directly to the chain itself, it would become cost prohibitive for individuals to run a full node to monitor the network, thus sacrificing decentralization. “

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. “

Bitcoin rally was so huge it was worth the risk-adjusted twists. According to Bloomberg Quint on Wednesday, 19 May, “As scary as the sudden wipeout is, the gains have been so enormous that — even adjusted for risk — Bitcoin has done way better than other major assets.”, “When you compare it to commodities, when you compare it to stocks, you have more than a century of data for the others and for Bitcoin you don’t,” said Grisanti. “

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