IoTeX Cryptocurrency is currently on bullish momentum by 41.27% in the last 14 days. At 22:04 EST on Friday, 30 April, IoTeX is at $0.07.
IoTeX Range
About IoTeX’s daily highs and lows, it’s 131.22% up from its trailing 14 days low of $0.03 and 13.29% down from its trailing 14 days high of $0.08.
Social Status
Currently, IoTeX has 48650 Twitter followers and 2793 Reddit subscribers.
Crypto Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, IoTeX’s crypto is considered to be oversold (<=20).
News about Bitcoin
SEC punts long-awaited Bitcoin ETF decision to at least June. According to Bloomberg Quint on Wednesday, 28 April, "Optimism has been building that after nearly a decade of efforts, the SEC may finally approve a Bitcoin ETF launch this year. ", "Crypto advocates will have to wait a while longer for the U.S. regulator’s verdict on Bitcoin exchange-traded fund approval as applications pile up."
Bitcoin at inflection point amid recent selloff, technicals show. According to Bloomberg Quint on Wednesday, 28 April, "Inflation and central bank policies have been the biggest drivers of Bitcoin during the past 12 months, according to Quant Insight, a London-based analytics research firm that studies the relationship between assets and macro factors.", "No question about it — what drives a big chunk of the interest in Bitcoin has been just the tremendous amount of money that has been printed and will be printed and really the fundamental thought that you cannot have that much money in the system and not have it be inflationary," said Chuck Cumello, president and chief executive officer of Essex Financial Services."
Bitcoin rises to two-week high after breaking technical barrier. According to Bloomberg Quint on Friday, 30 April, "Mike McGlone of Bloomberg Intelligence agrees that adoption is in its early days and says Bitcoin appears to be the right fit for today’s rapidly changing digital world. ", "Diminishing supply juxtaposed with historically low interest rates and the substantial amount of money being pumped into the system is a solid foundation for Bitcoin price appreciation, if the rules of economics apply," he wrote in a note."
More news about IoTeX.
