THORChain Cryptocurrency is currently on bullish momentum by 12.16% in the last 6 hours. At 18:16 EST on Monday, 12 April, THORChain is at $12.08.

Social Status

Currently, THORChain has 389 Twitter followers and 3318 Reddit subscribers.

Volatility

THORChain’s last week, last month’s, and last quarter’s current volatility was 5.84%, 5.84%, and 5.84%, respectively.

THORChain’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 5.84% (last week), 5.84% (last month), and 5.84% (last quarter), respectively.

Crypto Price Classification

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

News about Bitcoin

Bitcoin above $60,000 again on talk of reduced supply. According to FX Empire on Sunday, 11 April, "Justin d’Anethan, sales manager at digital asset company Diginex in Hong Kong, said investors had turned their attention to stock markets and other cryptocurrencies in the past couple of weeks, leaving Bitcoin idling in the upper 50-thousand dollar levels."

Etfs could rock the Bitcoin world. According to The Wall Street Journal on Monday, 12 April, "Meanwhile, the Grayscale Bitcoin Trust last week reiterated its longstanding intention to seek to convert its publicly traded bitcoin fund to an ETF."

Whipsawed Bitcoin investors eye coinbase as steadier crypto bet. According to Bloomberg Quint on Friday, 9 April, "Elon Musk’s Tesla Inc. and Michael Saylor’s MicroStrategy Inc. have both notably added billions worth of Bitcoin to their treasuries. ", "For a crypto investor that also buys stocks, it has the ability to diversify risks as there is a very profitable exchange platform that trades on another venue (stock exchange) whose flows of buyers and sellers can be less correlated than many crypto prices," wrote Greg Foss, a veteran credit trader, Bitcoin investor and chief financial officer for Validus Power Corp., in an email reply to questions."

According to Business Insider on Friday, 9 April, "Since the Purpose Bitcoin ETF was approved as the first in Canada in February, it has taken in over a billion dollars.", "While funds like the Grayscale Bitcoin Trust (GBTC) exist, it is not traded on an exchange and therefore cannot be accessed through a traditional brokerage account."

More news about THORChain.

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