Hifi Finance Cryptocurrency is currently on bullish momentum by 12.94% in the last 6 hours. At 20:05 EST on Friday, 23 April, Hifi Finance is at $0.01.
Hifi Finance Range
Regarding Hifi Finance’s daily highs and lows, it’s 40.41% up from its trailing 6 hours low of $0.01 and 40.41% up from its trailing 6 hours high of $0.01.
Currently, Hifi Finance has 32801 Twitter followers and 3416 Reddit subscribers.
Crypto Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Hifi Finance’s crypto is considered to be overbought (>=80).
News about Bitcoin
Bitcoin drops below $50,000 amid tax and momentum concerns. According to Bloomberg Quint on Thursday, 22 April, "The slide pushed Bitcoin down as much as 5.8% to about $48,596 as it continued to lose momentum. "
Largest Bitcoin fund dives to record discount amid crypto swoon. According to Bloomberg Quint on Friday, 23 April, "That’s helped to widen the difference between the share price and the underlying value of the Bitcoin holdings to roughly negative 19% as of Thursday’s closing prices, according to data compiled by Bloomberg.", "Still, that’s likely of little comfort to many of the other GBTC investors who bought the trust at a premium during the height of the Bitcoin mania."
Cathie wood’s ARK says Bitcoin mining is good for the planet. According to Bloomberg Quint on Thursday, 22 April, "Square Inc., which Wood cited in a Twitter post as collaborating on the research, has been buying Bitcoin and says crypto is a growing part of its business through the use of its Cash App for Bitcoin transactions.", "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. "
According to Business Insider on Friday, 23 April, "Meanwhile, Bitcoin slid below $50,000 on Friday, and simultaneous drops in other digital currencies erased $260 billion off the total value of the cryptocurrency market.", "The survey found that 55% of Bitcoin traders across Coinbase, PayPal, and Cash App consider low transaction fees as the second most important quality of crypto trading app platforms, right behind security."
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