GateToken Cryptocurrency is currently on bullish momentum by 102.61% in the last 30 days. At 10:52 EST on Saturday, 17 April, GateToken is at $3.71.
Concerning GateToken’s daily highs and lows, it’s 119.53% up from its trailing 30 days low of $1.69 and 17.92% down from its trailing 30 days high of $4.52.
Crypto Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, GateToken’s crypto is considered to be oversold (<=20).
News about Bitcoin
First inverse Bitcoin ETF to debut for betting on crypto plunge. According to Bloomberg Quint on Wednesday, 14 April, "Many investors have a view on Bitcoin and this new ETF will provide an opportunity for those that believe the current price is not justified and that Bitcoin is overdue for a correction," said Todd Rosenbluth, director of ETF research for CFRA Research.", "Horizon’s BetaPro Inverse Bitcoin ETF will provide up to 100% the inverse daily performance of an index that, according to the statement, "replicates the returns generated over time through exposure to long notional investments in Bitcoin futures." It will charge a 1.45% management fee, while a sister product called BetaPro Bitcoin ETF (HBIT), also debuting Thursday, will cost 1.00% and track Bitcoin futures."
Bitcoin trades near $64,000 as focus turns to coinbase debut. According to Bloomberg Quint on Wednesday, 14 April, "Growing mainstream acceptance of cryptocurrencies has spurred Bitcoin to a 120% rally this year, as well as lifting other tokens to record highs. "
Bitcoin ETF drumbeat gets louder as eight issuers file with SEC. According to Bloomberg Quint on Wednesday, 14 April, "As Bitcoin hits records and Coinbase Global Inc. goes public, ETF issuers are betting en masse that U.S. regulators will green-light a fund tracking the largest cryptocurrency at long last.", "Whether Gary Gensler, the nominee to be next SEC chairman, will prove more open-minded toward a Bitcoin ETF than his predecessor Jay Clayton remains unclear. "
More news about GateToken.