Trustswap (swap-usd) Cryptocurrency is currently on bullish momentum by 18.83% in the last 24 hours. At 07:22 EST on Friday, 14 May, Trustswap (swap-usd) is at $3.18.
Currently, Trustswap (swap-usd) has 50431 Twitter followers.
Crypto Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Trustswap’s crypto is considered to be overbought (>=80).
News about Bitcoin
Bitcoin isn’t behaving as an inflation hedge. its move still makes sense. According to Bloomberg Quint on Wednesday, 12 May, "Of course, gold, highly speculative tech, and Bitcoin all have something in common, which is that they don’t generate cash flow in the here and now. ", "In addition to Bitcoin selling off, we’re seeing tech get hammered (down 2%) and the real speculative stuff like the ARKK exchange-traded fund down over 3%. "
Crypto fund pantera says Bitcoin energy concern to impact market. According to Bloomberg Quint on Thursday, 13 May, "There’s a point to think about how renewable the resources are that are used to process transactions on the Bitcoin brand blockchain, but it’s important to remember Bitcoin is only one of the many blockchains," he said.", "The head of crypto hedge fund Pantera Capital Management is still bullish on Bitcoin even if some of Elon Musk’s concerns about the token’s energy footprint are valid."
Bitcoin (btc) plunges on Tesla Bitcoin suspension, aud/usd spars USD strength. According to DailyFX on Wednesday, 12 May, "Mr Musk noted the environmental impact, saying "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." Tesla’s stock was down just over 1% in after-hours.", "Early Thursday - several hours after the New York closing bell - Bitcoin made a sudden and sharp drop. "
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. ", "That view was endorsed by prominent figures such as Twitter co-founder and Bitcoin proponent Jack Dorsey — and seemingly by Musk himself."
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