Monero (XMR-USD) Cryptocurrency Bearish By 17% In The Last 24 Hours

Monero (XMR-USD) Cryptocurrency is currently on bearish momentum by 17.72% in the last 24 hours. At 04:26 EST on Wednesday, 19 May, Monero (XMR-USD) is at $290.82.

Monero (XMR-USD) Range

About Monero’s daily highs and lows, it’s 0.59% up from its trailing 24 hours low of $289.10 and 17.73% down from its trailing 24 hours high of $353.48.

Social Status

Currently, Monero (XMR-USD) has 413015 Twitter followers and 219667 Reddit subscribers.

As of now, on Github, there are 3037 forks, 5838 stars, and 489 subscribers.

Volatility

Monero’s last week, last month’s, and last quarter’s current volatility was a negative 3.48%, a positive 0.42%, and a positive 4.01%, respectively.

Monero’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 6.37% (last week), 5.63% (last month), and 4.01% (last quarter), respectively.

Crypto Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Monero’s crypto is considered to be overbought (>=80).

News about Bitcoin

Microstrategy builds up Bitcoin cache by $10 million. According to Bloomberg Quint on Tuesday, 18 May, “MicroStrategy’s disclosure comes amid a swoon in crypto prices largely brought on by Twitter posts from Elon Musk, whose electric-vehicle firm Tesla Inc. purchased Bitcoin earlier this year. “, “The enterprise-software company known for its bullish bets on cryptocurrencies disclosed in a Tuesday filing that it bought 229 Bitcoin at an average price of roughly $43,663 each. “

Bitcoin loses cachet in its challenge to gold . According to Bloomberg Quint on Monday, 17 May, “One Bitcoin is now equivalent to about 23 ounces of bullion, down from a record of 36 ounces in April. “

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.”

Elon Musk just reopened an old wound in the Bitcoin world. According to Bloomberg Quint on Sunday, 16 May, “Earlier this year, when Tesla added Bitcoin to its balance sheet, CEO Elon Musk became an instant hero in the cryptocurrency’s community. “, “Jihan Wu, the former CEO of the Bitcoin chip mining company Bitmain, who at the time was one of the leading Big Block advocates and a forcebehind Bitcoin Cash,sprang into action with a series of tweets on the subject.”

More news about Monero (XMR-USD).

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