Filecoin Cryptocurrency is currently on bearish momentum by 26.06% in the last 7 days. At 05:59 EST on Thursday, 13 May, Filecoin is at $112.86.
Concerning Filecoin’s daily highs and lows, it’s 3.17% up from its trailing 7 days low of $109.39 and 29.66% down from its trailing 7 days high of $160.45.
Currently, Filecoin has 84947 Twitter followers.
Crypto Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Filecoin’s crypto is considered to be overbought (>=80).
News about Bitcoin
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. "
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.", "As day traders and Wall Street pros strive to make sense of it all, Yassine Elmandjra, crypto analyst at Cathie Wood’s Ark Investment Management LLC, is focused on what the sector represents for him: a new paradigm for transferring and preserving wealth, with Bitcoin and Ether at the vanguard."
SEC warns of Bitcoin futures risks in mutual fund investments. According to Bloomberg Quint on Tuesday, 11 May, "His early comments have thrown cold water on speculation that the SEC would quickly approve a Bitcoin exchange-traded fund. ", "The U.S. Securities and Exchange Commission has a blunt message for investors in mutual funds that have holdings in Bitcoin futures: Beware of the risks."
Bitcoin (btc) plunges on Tesla Bitcoin suspension, aud/usd spars USD strength. According to DailyFX on Wednesday, 12 May, "Early Thursday - several hours after the New York closing bell - Bitcoin made a sudden and sharp drop. ", "Mr Musk noted the environmental impact, saying "We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel." Tesla’s stock was down just over 1% in after-hours."
Bitcoin isn’t behaving as an inflation hedge. its move still makes sense. According to Bloomberg Quint on Wednesday, 12 May, "In addition to Bitcoin selling off, we’re seeing tech get hammered (down 2%) and the real speculative stuff like the ARKK exchange-traded fund down over 3%. ", "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. "
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