UTRUST (utk-usd) Cryptocurrency is currently on bearish momentum by 26.13% in the last 7 days. At 04:20 EST on Saturday, 15 May, UTRUST (utk-usd) is at $0.57.
UTRUST (utk-usd) Range
Concerning UTRUST’s daily highs and lows, it’s 1.93% up from its trailing 7 days low of $0.56 and 30.39% down from its trailing 7 days high of $0.82.
Currently, UTRUST (utk-usd) has 74895 Twitter followers and 3884 Reddit subscribers.
Crypto Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, UTRUST’s crypto is considered to be overbought (>=80).
News about Bitcoin
Scaramucci calls Bitcoin crypto’s ‘apex predator,’ defends drop. According to Bloomberg Quint on Saturday, 15 May, "Even with growing prominence of altcoins, Bitcoin has been able to "maintain its supremacy as the apex predator in digital currency," he said.", "Dorsey was responding to a tweet from Square’s Chief Financial Officer Amrita Ahuja, who said the financial payments company’s Bitcoin strategy hasn’t changed and "we’re deeply committed to this community, including working towards a greener future through our Bitcoin Clean Energy Initiative."
Musk says Tesla suspending Bitcoin purchases, citing energy use. According to Bloomberg Quint on Wednesday, 12 May, "Tesla’s addition of Bitcoin to its balance sheet was the most visible catalyst during this year’s rally in the digital currency. ", "Optimism grew after Mastercard Inc., Bank of New York Mellon Corp. and other firms moved to make it easier for customers to use cryptocurrencies, fueling the mainstream resurgence that took Bitcoin from about $29,000 at the end of last year to as high as almost $65,000 on April 14. "
Crypto stocks rebound after $6.1 billion swoon as Bitcoin churns. According to Bloomberg Quint on Friday, 14 May, "The gains comes as Bitcoin climbs back from a slide of more than 15% on Thursday. ", "Elon Musk’s stunning tweet late Wednesday triggered the free-fall for Bitcoin as the billionaire brought concerns surrounding the energy usage of the mining required for the currency to light and forced Wall Street to grapple with an uncertain outlook. "
Musk splits from cathie wood’s ark on Bitcoin environmental cost. According to Bloomberg Quint on Thursday, 13 May, "That view was endorsed by prominent figures such as Twitter co-founder and Bitcoin proponent Jack Dorsey — and seemingly by Musk himself.", "The billionaire’s about-face came just three weeks after he appeared to endorse research from Cathie Wood’s Ark Investment Management LLC asserting that Bitcoin mining could end up being good for the planet by incentivizing renewable power."
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