IOST Cryptocurrency is currently on bearish momentum by 18.38% in the last 24 hours. At 06:02 EST on Thursday, 13 May, IOST is at $0.05.
Concerning IOST’s daily highs and lows, it’s 3.49% down from its trailing 24 hours low of $0.05 and 19.58% down from its trailing 24 hours high of $0.06.
Currently, IOST has 245727 Twitter followers and 53295 Reddit subscribers.
As of now, on Github, there are 103 forks, 538 stars, and 95 subscribers.
Crypto Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, IOST’s crypto is considered to be overbought (>=80).
News about Bitcoin
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.", "Elmandjra’s outlook for Bitcoin and Ether is that they both have a lot of potential left. "
Musk’s Bitcoin concerns sink crypto-linked stocks. According to Bloomberg Quint on Thursday, 13 May, "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. ", "That puts him at odds with ARK Investment Management LLC’s Cathie Wood, who last month shared research that she said would "debunk the myth that Bitcoin mining" is bad for the environment. "
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.", "SEC concerns over fraud and manipulation in the Bitcoin spot market have been the primary roadblock for a Bitcoin ETF approval," said Nate Geraci, president of the ETF Store, an advisory firm. "
SEC warns of Bitcoin futures risks in mutual fund investments. According to Bloomberg Quint on Tuesday, 11 May, "On Tuesday, the SEC said it would "consider whether, in light of the experience of mutual funds investing in the Bitcoin futures market, the Bitcoin futures market could accommodate ETFs." The agency also said staff would:", "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."
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