ZKSwap Cryptocurrency is currently on bearish momentum by 29.92% in the last 7 days. At 22:29 EST on Wednesday, 12 May, ZKSwap is at $1.63.
About ZKSwap’s daily highs and lows, it’s 5.16% up from its trailing 7 days low of $1.55 and 35.06% down from its trailing 7 days high of $2.51.
Currently, ZKSwap has 18177 Twitter followers.
Crypto Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, ZKSwap’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, "Early Thursday - several hours after the New York closing bell - Bitcoin made a sudden and sharp drop. ", "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."
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. ", "The company’s website still had information about how to make payments via Bitcoin after Musk’s tweet."
SEC warns of Bitcoin futures risks in mutual fund investments. According to Bloomberg Quint on Tuesday, 11 May, "On Tuesday, the SEC said it would "consider whether, in light of the experience of mutual funds investing in the Bitcoin futures market, the Bitcoin futures market could accommodate ETFs." The agency also said staff would:", "His early comments have thrown cold water on speculation that the SEC would quickly approve a Bitcoin exchange-traded fund. "
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