Metadium (meta-usd) Cryptocurrency is currently on bearish momentum by 14.94% in the last 6 hours. At 05:05 EST on Saturday, 15 May, Metadium (meta-usd) is at $0.13.
Metadium (meta-usd) Range
Regarding Metadium’s daily highs and lows, it’s 0.25% up from its trailing 6 hours low of $0.13 and 13.11% down from its trailing 6 hours high of $0.15.
Currently, Metadium (meta-usd) has 972 Twitter followers and 215 Reddit subscribers.
As of now, on Github, there are 8 forks, 6 stars, and 1 subscribers.
Crypto Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Metadium’s crypto is considered to be overbought (>=80).
News about Bitcoin
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. ", "Bitcoin plunged as much as 15%, sinking to as low as $46,045 after Musk said he was worried over the "rapidly increasing use of fossil fuels for Bitcoin mining and transactions," and suspended Tesla purchases with the asset, indicating he might favor other cryptocurrencies with much lower energy usage."
Musk says Tesla suspending Bitcoin purchases, citing energy use. According to Bloomberg Quint on Wednesday, 12 May, "Optimism grew after Mastercard Inc., Bank of New York Mellon Corp. and other firms moved to make it easier for customers to use cryptocurrencies, fueling the mainstream resurgence that took Bitcoin from about $29,000 at the end of last year to as high as almost $65,000 on April 14. ", "In a post on Twitter Wednesday, Musk cited concerns about "rapidly increasing use of fossil fuels for Bitcoin mining and transactions." The move comes after Tesla disclosed in February that it had purchased $1.5 billion in Bitcoin and planned to accept it as a payment."
Bitcoin recoups some losses after musk-triggered tumble. According to FX Empire on Thursday, 13 May, "We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel," Musk wrote."
Musk splits from cathie wood’s ark on Bitcoin environmental cost. According to Bloomberg Quint on Thursday, 13 May, "The massive electrical cost associated with Bitcoin mining has long been criticized by detractors and held up as a reason why mainstream institutions will ultimately reject the asset class. ", "While Musk offered few details about what prompted his rethink, the episode underscores the growing importance of environmental concerns for companies and investors as they weigh whether to increase exposure to Bitcoin and other cryptocurrencies. "
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