Fetch.ai Cryptocurrency is currently on bearish momentum by 13.42% in the last 6 hours. At 17:54 EST on Thursday, 22 April, Fetch.ai is at $0.42.
Regarding Fetch.ai’s daily highs and lows, it’s 1% up from its trailing 6 hours low of $0.42 and 11.63% down from its trailing 6 hours high of $0.48.
Currently, Fetch.ai has 50145 Twitter followers and 2210 Reddit subscribers.
Crypto Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Fetch.ai’s crypto is considered to be overbought (>=80).
News about Bitcoin
Crypto stock mania tested by sliding prices, Bitcoin slump. According to Bloomberg Quint on Monday, 19 April, "The public market validation of Bitcoin and the entire space from Coinbase’s listing will encourage people who can invest in the markets to do so," said Jehan Chu, managing partner at crypto adviser Kenetic Capital in Hong Kong. ", "A global, Bloomberg-curated basket of equities linked to crypto trading or Bitcoin mining fell some 9% over the past week, paring 2021’s climb to about 130%. "
JPMorgan warns of Bitcoin weakness as futures get liquidated. According to Bloomberg Quint on Wednesday, 21 April, "Over the past few days Bitcoin futures markets experienced a steep liquidation in a similar fashion to the middle of last February, middle of last January or the end of last November," the strategists said. ", "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."
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?"
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. ", "Given, Bitcoin prices have been extremely volatile after reaching peak-levels, it makes sense to convert part of holdings in stablecoins so that the returns don’t fluctuate too much," he said."
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