Monero (XMR-USD) Cryptocurrency is currently on bearish momentum by 13.93% in the last 6 hours. At 01:27 EST on Wednesday, 19 May, Monero (XMR-USD) is at $296.67.
Currently, Monero (XMR-USD) has 413015 Twitter followers and 219633 Reddit subscribers.
As of now, on Github, there are 3037 forks, 5838 stars, and 489 subscribers.
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
Bitcoin chartists see selloff intensifying with $40,000 in focus. According to Bloomberg Quint on Tuesday, 18 May, “The momentum has now quite decisively shifted to the bears,” said Tallbacken Capital Advisors LLC Chief Executive Officer Michael Purves, who correctly predicted last month that Bitcoin would decline.”, “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. “
Musk implies Tesla May sell or has sold Bitcoin holdings. According to Bloomberg Quint on Sunday, 16 May, “Elon Musk implied in a Twitter exchange on Sunday that Tesla Inc. may sell or has sold its Bitcoin holdings.”, “On May 12, Musk tweeted that while the company was suspending Bitcoin for car purchases, it wouldn’t be selling any 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 keeps trolling the Bitcoin purists. According to Bloomberg Quint on Monday, 17 May, “Musk has split his Bitcoin allegiance with satirical spinoff Dogecoin, giving it a more serious sheen by talking about improvements that would let a token win “hands down” – such as faster transaction capacity and lower fees – and hinting that “maximalists” who swear by Bitcoin have it wrong.”, “The original cryptocurrency’s recent 20% drop over five days began with a Musk tweet announcing Tesla was suspending Bitcoin payments because of inefficient, environmentally unfriendly mining algorithms that suck up large quantities of energy. “
More news about Monero (XMR-USD).
This news is republished from another source. You can check the original article here