Avalanche Cryptocurrency is currently on bearish momentum by 34.87% in the last 7 days. At 22:58 EST on Friday, 23 April, Avalanche is at $22.96.
Regarding Avalanche’s daily highs and lows, it’s 11.51% up from its trailing 7 days low of $20.59 and 36.89% down from its trailing 7 days high of $36.38.
Currently, Avalanche has 66446 Twitter followers and 6407 Reddit subscribers.
As of now, on Github, there are 144 forks, 654 stars, and 78 subscribers.
Avalanche’s last week, last month’s, and last quarter’s current volatility was 31.37%, 31.37%, and 31.37%, respectively.
Avalanche’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 31.37% (last week), 31.37% (last month), and 31.37% (last quarter), respectively.
Crypto Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Avalanche’s crypto is considered to be overbought (>=80).
News about Bitcoin
According to Business Insider on Friday, 23 April, "Meanwhile, Bitcoin slid below $50,000 on Friday, and simultaneous drops in other digital currencies erased $260 billion off the total value of the cryptocurrency market.", "The survey found that 55% of Bitcoin traders across Coinbase, PayPal, and Cash App consider low transaction fees as the second most important quality of crypto trading app platforms, right behind security."
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 says Bitcoin mining is good for the planet. According to Bloomberg Quint on Thursday, 22 April, "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. ", "Square Inc., which Wood cited in a Twitter post as collaborating on the research, has been buying Bitcoin and says crypto is a growing part of its business through the use of its Cash App for Bitcoin transactions."
Bitcoin drops below $50,000 amid tax and momentum concerns. According to Bloomberg Quint on Thursday, 22 April, "The slide pushed Bitcoin down as much as 5.8% to about $48,596 as it continued to lose momentum. "
More news about Avalanche.