IRISnet Cryptocurrency is currently on bearish momentum by 12.24% in the last 6 hours. At 17:02 EST on Monday, 12 April, IRISnet is at $0.25.
Concerning IRISnet’s daily highs and lows, it’s 0.99% up from its trailing 6 hours low of $0.25 and 9.83% down from its trailing 6 hours high of $0.28.
Currently, IRISnet has 21735 Twitter followers.
Crypto Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, IRISnet’s crypto is considered to be oversold (<=20).
News about Bitcoin
According to Business Insider on Friday, 9 April, "Since the Purpose Bitcoin ETF was approved as the first in Canada in February, it has taken in over a billion dollars.", "While funds like the Grayscale Bitcoin Trust (GBTC) exist, it is not traded on an exchange and therefore cannot be accessed through a traditional brokerage account."
Microstrategy pivots to Bitcoin payouts for board of directors. According to Bloomberg Quint on Monday, 12 April, "MicroStrategy Inc. is pivoting to payouts in Bitcoin for its four non-employee board of directors, marrying management closer to the software maker’s strategy of investing in the largest cryptocurrency.", "The move is the software-analytics developer’s "commitment to Bitcoin given its ability to serve as a store of value," the Tysons Corner, Virginia-based company said in a filing."
Bitcoin above $60,000 again on talk of reduced supply. According to FX Empire on Sunday, 11 April, "Justin d’Anethan, sales manager at digital asset company Diginex in Hong Kong, said investors had turned their attention to stock markets and other cryptocurrencies in the past couple of weeks, leaving Bitcoin idling in the upper 50-thousand dollar levels."
Whipsawed Bitcoin investors eye coinbase as steadier crypto bet. According to Bloomberg Quint on Friday, 9 April, "Elon Musk’s Tesla Inc. and Michael Saylor’s MicroStrategy Inc. have both notably added billions worth of Bitcoin to their treasuries. ", "For a crypto investor that also buys stocks, it has the ability to diversify risks as there is a very profitable exchange platform that trades on another venue (stock exchange) whose flows of buyers and sellers can be less correlated than many crypto prices," wrote Greg Foss, a veteran credit trader, Bitcoin investor and chief financial officer for Validus Power Corp., in an email reply to questions."
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