Steem Cryptocurrency is currently on bullish momentum by 13.30% in the last 6 hours. At 04:15 EST on Saturday, 24 April, Steem is at $0.76.
Concerning Steem’s daily highs and lows, it’s 13.46% up from its trailing 6 hours low of $0.67 and 0.03% up from its trailing 6 hours high of $0.76.
Currently, Steem has 13470 Twitter followers and 3933 Reddit subscribers.
As of now, on Github, there are 782 forks, 1889 stars, and 236 subscribers.
Crypto Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Steem’s crypto is considered to be overbought (>=80).
News about Bitcoin
Bitcoin retreats to weekend’s flash crash lows amid tax anxiety. According to Bloomberg Quint on Thursday, 22 April, "The slide pushed Bitcoin down as much as 5.7% to about $51,837, just above the low of $51,707 reached Sunday. "
JPMorgan warns of Bitcoin weakness as futures get liquidated. According to Bloomberg Quint on Wednesday, 21 April, "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. ", "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."
Largest Bitcoin fund dives to record discount amid crypto swoon. According to Bloomberg Quint on Friday, 23 April, "The $35 billion fund (ticker GBTC) has lost roughly a fifth of its value since last Friday while Bitcoin tumbled from record highs. ", "That’s helped to widen the difference between the share price and the underlying value of the Bitcoin holdings to roughly negative 19% as of Thursday’s closing prices, according to data compiled by Bloomberg."
Bitcoin volatility pushes Indian crypto users towards stablecoins. According to Bloomberg Quint on Thursday, 22 April, "One is to have a stable-priced counterweight in their portfolio to volatile assets like Bitcoin and altcoins. ", "Given, Bitcoin prices have been extremely volatile after reaching peak-levels, it makes sense to convert part of holdings in stablecoins so that the returns don’t fluctuate too much," he said."
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