Filecoin (FIL-USD) Cryptocurrency is currently on bearish momentum by 25.47% in the last 7 days. At 12:50 EST on Saturday, 15 May, Filecoin (FIL-USD) is at $112.34.
Filecoin (FIL-USD) Range
About Filecoin’s daily highs and lows, it’s 2.7% up from its trailing 7 days low of $109.39 and 24.74% down from its trailing 7 days high of $149.27.
Currently, Filecoin (FIL-USD) has 85805 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
Bitcoin falls below $50,000 as musk calls energy use ‘insane’. According to Bloomberg Quint on Thursday, 13 May, "Musk’s decision in February to buy $1.5 billion in Bitcoin and plan to accept it as a form of payment has been a major catalyst in the crypto bull market. "
Bitcoin (btc) plunges on Tesla Bitcoin suspension, aud/usd spars USD strength. According to DailyFX on Wednesday, 12 May, "Tesla’s CEO Elon Musk tweeted a statement announcing the suspension of Bitcoin payments for Tesla vehicle purchases. ", "Early Thursday - several hours after the New York closing bell - Bitcoin made a sudden and sharp drop. "
Billionaire’s Bitcoin dream shapes his business empire in Norway. According to Bloomberg Quint on Saturday, 15 May, "In an interview earlier this year, Governor Oystein Olsen called it "far too resource-intensive, far too costly and most importantly, it doesn’t preserve stability." Concerns over the carbon footprint of Bitcoin mining this week prompted Tesla Inc. CEO Elon Musk — a former fan of the cryptocurrency — to turn his back on it.", "Kjell Inge Rokke, who started out as a fisherman to build a roughly $5 billion fortune in Norway’s offshore industry, has already revealed his belief that Bitcoin will be "on the right side of history." Now Aker ASA, Rokke’s industrial investment company, says it’s open to the idea of accepting payment in the cryptocurrency."
What crypto insiders think about Elon Musk’s Bitcoin u-turn. According to Bloomberg Quint on Thursday, 13 May, "We think the news is overblown and wouldn’t be surprised if Tesla is signaling plans to make crypto ‘greener.’" In a note Wednesday, Grider said Bitcoin has been consolidating for months as its market dominance has waned, but he’s still bullish, with a target of $100,000.", "This may be the selloff that sets Bitcoin up for new all-time highs," said David Grider of Fundstrat Global Advisors LLC. "
Bitcoin recoups some losses after musk-triggered tumble. According to FX Empire on Thursday, 13 May, "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," Musk wrote."
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