ECOMI Cryptocurrency is currently on bearish momentum by 27.08% in the last 6 hours. At 04:11 EST on Friday, 23 April, ECOMI is at $0.00.
About ECOMI’s daily highs, it’s 50.31% down from its trailing 6 hours high of $0.01
Currently, ECOMI has 74946 Twitter followers.
Crypto Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, ECOMI’s crypto is considered to be overbought (>=80).
News about Bitcoin
Bitcoin retreats to weekend’s flash crash lows amid tax anxiety. According to Bloomberg Quint on Thursday, 22 April, "The slide pushed Bitcoin down as much as 5.7% to about $51,837, just above the low of $51,707 reached Sunday. "
38-year-old exchange founder launches Bitcoin, ether funds. According to Bloomberg Quint on Wednesday, 21 April, "Huobi Tech is rolling out four funds including ones that will virtually track Bitcoin and Ether prices, allowing investors to bet on the coins without actually holding any currency. "
First mideast Bitcoin ETF aims to raise more than $200 million. According to Bloomberg Quint on Thursday, 22 April, "Right now, we’ve seen Bitcoin consolidate in the $50,000-$60,000 range, we expect that to continue," he said.", "Canada’s largest digital-asset investment fund manager 3iQ Corp. is hoping to raise more than $200 million by listing its Bitcoin exchange-traded fund in Dubai, according to its chief executive officer."
Cathie wood’s ARK says Bitcoin mining is good for the planet. According to Bloomberg Quint on Thursday, 22 April, "With the largest cryptocurrency in the mix, energy providers could play the arbitrage between electricity prices and Bitcoin prices, as well as sell surplus solar — and supply almost all grid power demands without lowering profitability, they said.", "The argument is that Bitcoin mining could encourage investment in solar energy systems, enabling renewables to fulfill a higher percentage of demand from the energy grid at a constant cost of electricity, according to a post from ARK research director Brett Winton, who credited Yassine Elmandjra and Sam Korus as co-authors. "
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