Monero (XMR-USD) Cryptocurrency is currently on bearish momentum by 15.89% in the last 6 hours. At 14:26 EST on Wednesday, 19 May, Monero (XMR-USD) is at $226.64.
Monero (XMR-USD) Range
Concerning Monero’s daily highs and lows, it’s 23.65% up from its trailing 6 hours low of $183.29 and 13.71% down from its trailing 6 hours high of $262.65.
Social Status
Currently, Monero (XMR-USD) has 413421 Twitter followers and 219756 Reddit subscribers.
As of now, on Github, there are 3039 forks, 5842 stars, and 489 subscribers.
Volatility
Monero’s last week, last month’s, and last quarter’s current volatility was a negative 3.48%, a positive 0.42%, and a positive 4.01%, respectively.
Monero’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 6.37% (last week), 5.63% (last month), and 4.01% (last quarter), respectively.
Crypto Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Monero’s crypto is considered to be overbought (>=80).
News about Bitcoin
Bitcoin crash pits wall street against `shrooms. According to Bloomberg Quint on Wednesday, 19 May, “As Wall Street trader Trey Griggs told Bloomberg News’s Justina Lee,”All the fun that used to be had 30 years ago in the commodity markets … is now in crypto.”The obvious direct route to profit from a dropis to short Bitcoin itself, which has always felt like picking up pennies in front of asteamroller. “, “The “Musk premium” has evaporated from Bitcoin markets, leading to theumpteenth wake-up call for anyone not on magic mushrooms: This is not the future of money.”
Bitcoin rally was so huge it was worth the risk-adjusted twists. According to Bloomberg Quint on Wednesday, 19 May, “Consider its trajectory since the end of last September, when Bitcoin embarked on a meteoric rise. “, “Still, Chris Grisanti, chief equity strategist at MAI Capital Management, said that it’s difficult to determine whether Bitcoin is truly a superior investment.”
Bitcoin dips to lowest since February amid China crypto warning. According to Bloomberg Quint on Tuesday, 18 May, “A fall to that level would mark the first time since September that Bitcoin would test its average price over the past 200 days. “, “When you combine this with the news out of China, it’s not a surprise that Bitcoin is seeing some more weakness.”
Elon Musk just reopened an old wound in the Bitcoin world. According to Bloomberg Quint on Sunday, 16 May, “Another group, which had more corporate backing at the time,wanted Bitcoin to evolve intoa platform for fast and cheap payments. “, “One group -the small blockers -argued that Bitcoin must be a decentralized store of value, even if that meant high fees and slow transaction times. “
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