Synthetix Network Token Cryptocurrency is currently on bearish momentum by 34.97% in the last 7 days. At 22:18 EST on Thursday, 22 April, Synthetix Network Token is at $14.39.
Currently, Synthetix Network Token has 114929 Twitter followers and 6074 Reddit subscribers.
As of now, on Github, there are 231 forks, 441 stars, and 50 subscribers.
Synthetix Network Token’s last week, last month’s, and last quarter’s current volatility was 22.32%, 22.32%, and 22.32%, respectively.
Synthetix Network Token’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 22.32% (last week), 22.32% (last month), and 22.32% (last quarter), respectively.
Crypto Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Synthetix Network Token’s crypto is considered to be overbought (>=80).
News about Bitcoin
Cathie wood’s ARK says Bitcoin mining is good for the planet. According to Bloomberg Quint on Thursday, 22 April, "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.", "With the largest cryptocurrency in the mix, energy providers could play the arbitrage between electricity prices and Bitcoin prices, as well as sell surplus solar — and supply almost all grid power demands without lowering profitability, they said."
38-year-old exchange founder launches Bitcoin, ether funds. According to Bloomberg Quint on Wednesday, 21 April, "Huobi Tech is rolling out four funds including ones that will virtually track Bitcoin and Ether prices, allowing investors to bet on the coins without actually holding any currency. "
Bitcoin volatility pushes Indian crypto users towards stablecoins. According to Bloomberg Quint on Thursday, 22 April, "Even for us, the USDT volumes grew nearly five-fold to $3 million in April compared to last year, as many of our traders liquidated their Bitcoin holdings and converted them into stablecoins," said Sathvik Vishwanath, founder and chief executive of Unocoin, one of the oldest crypto exchanges in India.", "One is to have a stable-priced counterweight in their portfolio to volatile assets like Bitcoin and altcoins. "
JPMorgan warns of Bitcoin weakness as futures get liquidated. According to Bloomberg Quint on Wednesday, 21 April, "In those three previous instances, the overall flow impulse was strong enough to allow Bitcoin to quickly break out above the key thresholds, yielding further buildups in position by momentum traders, JPMorgan noted.", "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."
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