WAX Cryptocurrency is currently on bullish momentum by 22.03% in the last 24 hours. At 22:31 EST on Friday, 23 April, WAX is at $0.16.
Regarding WAX’s daily highs and lows, it’s 15.9% up from its trailing 24 hours low of $0.14 and 4.56% down from its trailing 24 hours high of $0.17.
Currently, WAX has 76062 Twitter followers and 4032 Reddit subscribers.
Crypto Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, WAX’s crypto is considered to be overbought (>=80).
News about Bitcoin
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."
What Elon Musk and jack dorsey are missing about Bitcoin and green energy. According to Bloomberg Quint on Thursday, 22 April, "Research from the Centre for Alternative Finance shows that Bitcoin mining is dominated by China, a country currently driving a boom in new coal plants. ", "Iceland’s biggest utility said that no one would build more power capacity just to feed Bitcoin mining."
According to Business Insider on Friday, 23 April, "Meanwhile, Bitcoin slid below $50,000 on Friday, and simultaneous drops in other digital currencies erased $260 billion off the total value of the cryptocurrency market.", "The survey found that 55% of Bitcoin traders across Coinbase, PayPal, and Cash App consider low transaction fees as the second most important quality of crypto trading app platforms, right behind security."
Bitcoin drops below $50,000 amid tax and momentum concerns. According to Bloomberg Quint on Thursday, 22 April, "The slide pushed Bitcoin down as much as 5.8% to about $48,596 as it continued to lose momentum. "
First mideast Bitcoin ETF aims to raise more than $200 million. According to Bloomberg Quint on Thursday, 22 April, "Right now, we’ve seen Bitcoin consolidate in the $50,000-$60,000 range, we expect that to continue," he said.", "Canada’s largest digital-asset investment fund manager 3iQ Corp. is hoping to raise more than $200 million by listing its Bitcoin exchange-traded fund in Dubai, according to its chief executive officer."
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