Loopring Cryptocurrency is currently on bearish momentum by 12.42% in the last 6 hours. At 17:01 EST on Wednesday, 12 May, Loopring is at $0.71.

Loopring Range

About Loopring’s daily highs and lows, it’s 0.4% up from its trailing 6 hours low of $0.71 and 10.9% down from its trailing 6 hours high of $0.80.

Social Status

Currently, Loopring has 74865 Twitter followers and 10466 Reddit subscribers.

As of now, on Github, there are 90 forks, 273 stars, and 39 subscribers.

Crypto Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Loopring’s crypto is considered to be oversold (<=20).

News about Bitcoin

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%. "

According to Business Insider on Tuesday, 11 May, "The Chicago Board Options Exchange has applied with the US Securities and Exchange Commission Monday to list Fidelity’s Wise Origin Bitcoin exchange-traded fund, according to a Form 19b-4.", "In Canada, the first publicly traded ETF, the Purpose Bitcoin ETF, has been approved, as well as ethereum ETFs. "

SEC warns of Bitcoin futures risks in mutual fund investments. According to Bloomberg Quint on Tuesday, 11 May, "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.", "His early comments have thrown cold water on speculation that the SEC would quickly approve a Bitcoin exchange-traded fund. "

Canadian issuer is making its Bitcoin ETF carbon-neutral. According to Bloomberg Quint on Monday, 10 May, "For some investors who are concerned about the carbon footprint of mining, they may be wary of investing in a Bitcoin ETF," said Alex Tapscott, managing director of digital assets at the Toronto-based firm, referring to the vast array of computers worldwide that compete to confirm Bitcoin transactions. ", "This is something that is, in my view, very important — it’s going to be with us for a long time — and so we need to figure out a way to ensure that Bitcoin can scale and reach its potential in a sustainable way," Tapscott said by phone."

More news about Loopring.

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