Alchemix Cryptocurrency is currently on bearish momentum by 16.44% in the last 6 hours. At 16:55 EST on Thursday, 22 April, Alchemix is at $1,449.27.
Currently, Alchemix has 21971 Twitter followers.
Alchemix’s last week, last month’s, and last quarter’s current volatility was 1,081.16%, 1,081.16%, and 1,081.16%, respectively.
Alchemix’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 1,081.16% (last week), 1,081.16% (last month), and 1,081.16% (last quarter), respectively.
News about Bitcoin
Bitcoin volatility pushes Indian crypto users towards stablecoins. According to Bloomberg Quint on Thursday, 22 April, "One is to have a stable-priced counterweight in their portfolio to volatile assets like Bitcoin and altcoins. ", "The trading volumes for Tether, often dubbed as crypto-cash, have grown exponentially, claim exchanges WazirX, Unocoin, Bitex and ZebPay, even as growth in Bitcoin trading volumes has slowed."
JPMorgan warns of Bitcoin weakness as futures get liquidated. According to Bloomberg Quint on Wednesday, 21 April, "In those three previous instances, the overall flow impulse was strong enough to allow Bitcoin to quickly break out above the key thresholds, yielding further buildups in position by momentum traders, JPMorgan noted.", "It’s likely traders including Commodity Trading Advisers (CTAs) and crypto funds were at least partly behind the buildup of long Bitcoin futures in recent weeks, as well as the unwind in past days, they said."
Cathie wood’s ARK has Bitcoin and solar backwards. According to Bloomberg Quint on Thursday, 22 April, "There is theexistential question of what the actual utility of Bitcoin really is, beyond giving certain social media accounts something to focus on. ", "If anything, Bitcoin might be a useful adjunct for a dispatchable, low-carbon power source suffering from persistently high costs …nuclear Bitcoin, anyone?"
Asian stocks hit one-month highs, Bitcoin climbs. According to FX Empire on Monday, 19 April, "The retreat in Bitcoin also comes after Turkey’s central bank banned the use of cryptocurrencies for purchases on Friday."
Cathie wood’s ARK says Bitcoin mining is good for the planet. According to Bloomberg Quint on Thursday, 22 April, "We believe that the opposite is true: a world with Bitcoin is a world that, at equilibrium, generates more electricity from renewable carbon-free sources.", "All else equal, with Bitcoin mining, we believe renewable energy should be able to provision a large percentage of any locality’s power economically," the post said. "
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