Pundi X [OLD] Cryptocurrency is currently on bearish momentum by 44.49% in the last 14 days. At 20:15 EST on Thursday, 22 April, Pundi X [OLD] is at $0.00.
Pundi X [OLD] Range
Regarding Pundi X [OLD]’s daily highs, it’s 66.62% down from its trailing 14 days high of $0.01
Currently, Pundi X [OLD] has 138713 Twitter followers and 20420 Reddit subscribers.
Crypto Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Pundi X [OLD]’s crypto is considered to be overbought (>=80).
News about Bitcoin
JPMorgan warns of Bitcoin weakness as futures get liquidated. According to Bloomberg Quint on Wednesday, 21 April, "It’s likely traders including Commodity Trading Advisers (CTAs) and crypto funds were at least partly behind the buildup of long Bitcoin futures in recent weeks, as well as the unwind in past days, they said.", "Over the past few days Bitcoin futures markets experienced a steep liquidation in a similar fashion to the middle of last February, middle of last January or the end of last November," the strategists said. "
‘crypto dad’ giancarlo joins board of Bitcoin lender blockfi. According to Bloomberg Quint on Tuesday, 20 April, "It was not without its controversy," he said, adding that Thomas Peterffy, chairman of Interactive Brokers, placed a full-page ad in the Wall Street Journal decrying the move and saying words to the effect of, "Don’t let Bitcoin futures come about or the western world will end." Even Wall Street’s futures group, the Futures Industry Association, was against the idea, he said.", "While Cboe dropped its Bitcoin contract, CME Group’s has been a success, and the exchange recently added Ether futures."
Cathie wood’s ARK has Bitcoin and solar backwards. According to Bloomberg Quint on Thursday, 22 April, "There is theexistential question of what the actual utility of Bitcoin really is, beyond giving certain social media accounts something to focus on. ", "If anything, Bitcoin might be a useful adjunct for a dispatchable, low-carbon power source suffering from persistently high costs …nuclear Bitcoin, anyone?"
Cathie wood’s ARK says Bitcoin mining is good for the planet. According to Bloomberg Quint on Thursday, 22 April, "The argument is that Bitcoin mining could encourage investment in solar energy systems, enabling renewables to fulfill a higher percentage of demand from the energy grid at a constant cost of electricity, according to a post from ARK research director Brett Winton, who credited Yassine Elmandjra and Sam Korus as co-authors. ", "We believe that the opposite is true: a world with Bitcoin is a world that, at equilibrium, generates more electricity from renewable carbon-free sources."
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