Band Protocol Cryptocurrency is currently on bearish momentum by 16.84% in the last 24 hours. At 06:00 EST on Thursday, 13 May, Band Protocol is at $14.48.
Currently, Band Protocol has 90794 Twitter followers and 5139 Reddit subscribers.
As of now, on Github, there are 44 forks, 188 stars, and 18 subscribers.
Crypto Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Band Protocol’s crypto is considered to be overbought (>=80).
News about Bitcoin
Musk splits from cathie wood’s ark on Bitcoin environmental cost. According to Bloomberg Quint on Thursday, 13 May, "The massive electrical cost associated with Bitcoin mining has long been criticized by detractors and held up as a reason why mainstream institutions will ultimately reject the asset class. ", "While Musk offered few details about what prompted his rethink, the episode underscores the growing importance of environmental concerns for companies and investors as they weigh whether to increase exposure to Bitcoin and other cryptocurrencies. "
According to Business Insider on Tuesday, 11 May, "The Chicago Board Options Exchange has applied with the US Securities and Exchange Commission Monday to list Fidelity’s Wise Origin Bitcoin exchange-traded fund, according to a Form 19b-4.", "In Canada, the first publicly traded ETF, the Purpose Bitcoin ETF, has been approved, as well as ethereum ETFs. "
Musk’s Bitcoin concerns sink crypto-linked stocks. According to Bloomberg Quint on Thursday, 13 May, "Musk said in his post that Tesla wouldn’t be selling any Bitcoin and aimed to use it for transactions once mining shifted to a more sustainable energy. ", "That puts him at odds with ARK Investment Management LLC’s Cathie Wood, who last month shared research that she said would "debunk the myth that Bitcoin mining" is bad for the environment. "
Ark financial’s crypto expert sees dogecoin washout, Bitcoin rivaling gold. According to Bloomberg Quint on Wednesday, 12 May, "Ark invests in cryptocurrencies through vehicles such as the Grayscale Bitcoin Trust and via listed firms with exposure to the sector, like crypto exchange Coinbase Global Inc. Elmandjra said Ark also uses proprietary alternative strategies.", "Elmandjra’s outlook for Bitcoin and Ether is that they both have a lot of potential left. "
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