Band Protocol Cryptocurrency is currently on bearish momentum by 25.34% in the last 7 days. At 06:02 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
According to Business Insider on Tuesday, 11 May, "On the other side of that, in terms of accepting Bitcoin from our customers, we do accept it," the CFO added."
Cboe files to list fidelity Bitcoin ETF amid regulatory test. According to Bloomberg Quint on Tuesday, 11 May, "Cboe proposed Monday in a filing with the U.S. Securities and Exchange Commission to list Fidelity’s Wise Origin Bitcoin Trust, saying concerns about potential manipulation of a Bitcoin exchange-traded product have been "sufficiently mitigated.", "Crypto proponents argue the sector is evolving and that other jurisdictions like Canada allow Bitcoin ETFs, leaving U.S. investors at a disadvantage."
Bitcoin isn’t behaving as an inflation hedge. its move still makes sense. According to Bloomberg Quint on Wednesday, 12 May, "So from that perspective it looks like Bitcoin is simply behaving as a risky,speculative asset, which both explains its action today and also over the last year. ", "Of course, gold, highly speculative tech, and Bitcoin all have something in common, which is that they don’t generate cash flow in the here and now. "
Musk splits from cathie wood’s ark on Bitcoin environmental cost. According to Bloomberg Quint on Thursday, 13 May, "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. ", "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. "
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