Huobi Token Cryptocurrency is currently on bullish momentum by 91.23% in the last 14 days. At 03:51 EST on Thursday, 13 May, Huobi Token is at $35.44.
Huobi Token Range
Regarding Huobi Token’s daily highs and lows, it’s 93.24% up from its trailing 14 days low of $18.34 and 9.5% down from its trailing 14 days high of $39.16.
Currently, Huobi Token has 376379 Twitter followers and 1348 Reddit subscribers.
News about Bitcoin
Cboe files to list fidelity Bitcoin ETF amid regulatory test. According to Bloomberg Quint on Tuesday, 11 May, "Cboe has already petitioned for the approval of vehicles such as a VanEck Bitcoin fund, one of a number of Bitcoin ETFs seeking the green light from officials. ", "Cboe Global Markets Inc. is seeking to list a Fidelity Bitcoin exchange-traded fund in the U.S. despite the prospect of an icy regulatory reception."
Bitcoin ETF approval odds grow longer after gensler critique. According to Bloomberg Quint on Monday, 10 May, "If Gensler isn’t yet fully comfortable with crypto exchanges, it’s highly unlikely he would bless a Bitcoin ETF.", "Given that the SEC has bigger fish to fry, and taking Gensler’s recent remarks regarding crypto ETFs into account, I think the odds we’ll see a Bitcoin ETF approved in 2021 are very low."
Musk’s Bitcoin concerns sink crypto-linked stocks. According to Bloomberg Quint on Thursday, 13 May, "Musk said in his post that Tesla wouldn’t be selling any Bitcoin and aimed to use it for transactions once mining shifted to a more sustainable energy. ", "Tesla’s disclosure in February that it had purchased $1.5 billion in Bitcoin and would accept it as a payment, added legitimacy to the cryptocurrency. "
Bitcoin isn’t behaving as an inflation hedge. its move still makes sense. According to Bloomberg Quint on Wednesday, 12 May, "So from that perspective it looks like Bitcoin is simply behaving as a risky,speculative asset, which both explains its action today and also over the last year. ", "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%. "
Musk splits from cathie wood’s ark on Bitcoin environmental cost. According to Bloomberg Quint on Thursday, 13 May, "While Musk expressed concern about the "rapidly increasing" use of fossil fuels for cryptocurrency mining, he said Tesla won’t be selling any of its Bitcoin holdings and the company will resume accepting it for payments as soon as mining becomes more sustainable. ", "That view was endorsed by prominent figures such as Twitter co-founder and Bitcoin proponent Jack Dorsey — and seemingly by Musk himself."
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