WAX Cryptocurrency is currently on bearish momentum by 15.27% in the last 6 hours. At 06:26 EST on Thursday, 13 May, WAX is at $0.18.
Regarding WAX’s daily highs and lows, it’s 2.51% up from its trailing 6 hours low of $0.18 and 16.13% down from its trailing 6 hours high of $0.22.
Currently, WAX has 85317 Twitter followers and 4323 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
Bitcoin (btc) plunges on Tesla Bitcoin suspension, aud/usd spars USD strength. According to DailyFX on Wednesday, 12 May, "Tesla’s CEO Elon Musk tweeted a statement announcing the suspension of Bitcoin payments for Tesla vehicle purchases. ", "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."
Canadian issuer is making its Bitcoin ETF carbon-neutral. According to Bloomberg Quint on Monday, 10 May, "For some investors who are concerned about the carbon footprint of mining, they may be wary of investing in a Bitcoin ETF," said Alex Tapscott, managing director of digital assets at the Toronto-based firm, referring to the vast array of computers worldwide that compete to confirm Bitcoin transactions. ", "The company said it’s building carbon neutrality into its existing Bitcoin and Ether funds and is also planning to seek regulatory approval for an ETF with the same features."
Musk says Tesla suspending Bitcoin purchases, citing energy use. According to Bloomberg Quint on Wednesday, 12 May, "In a post on Twitter Wednesday, Musk cited concerns about "rapidly increasing use of fossil fuels for Bitcoin mining and transactions." The move comes after Tesla disclosed in February that it had purchased $1.5 billion in Bitcoin and planned to accept it as a payment.", "The company’s website still had information about how to make payments via Bitcoin after Musk’s tweet."
Bitcoin ETF approval odds grow longer after gensler critique. According to Bloomberg Quint on Monday, 10 May, "Efforts have been underway for nearly a decade to get a Bitcoin ETF launched stateside. ", "Three Bitcoin ETF filings have been acknowledged by the SEC, meaning it has a limited amount of time to either approve or reject the proposals. "
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