Monero Cryptocurrency Jumps By 41% In The Last 14 Days

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Monero Cryptocurrency is currently on bullish momentum by 41.68% in the last 14 days. At 02:36 EST on Friday, 7 May, Monero is at $495.69.

Social Status

Currently, Monero has 401749 Twitter followers and 216269 Reddit subscribers.

As of now, on Github, there are 2872 forks, 5770 stars, and 489 subscribers.

Volatility

Monero’s last week, last month’s, and last quarter’s current volatility was 291.17%, 291.17%, and 291.17%, 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 291.17% (last week), 291.17% (last month), and 291.17% (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 oversold (<=20).

News about Bitcoin

Bitcoin traders in U.S. lack investor protections, gensler says. According to Bloomberg Quint on Thursday, 6 May, “Gensler didn’t weigh in on whether the SEC intends to approve a Bitcoin exchange-traded fund, something the cryptocurrency market is desperate for and is one of the most consequential issues for the industry.”, “U.S. investors lack protections when they trade Bitcoin on cryptocurrency exchanges, Securities and Exchange Commission Chairman Gary Gensler told lawmakers.”

Goldman offers new Bitcoin derivatives to wall street investors. According to Bloomberg Quint on Thursday, 6 May, “Goldman Sachs may next offer hedge fund clients exchange-traded notes based on Bitcoin or access to the Grayscale Bitcoin Trust, one of the people said.”, “Goldman Sachs Group Inc. is wading deeper into the $1 trillion Bitcoin market, offering Wall Street investors a way to place big bets.”

Square revenue more than triples, driven by Bitcoin purchases. According to Bloomberg Quint on Thursday, 6 May, “Still, gross profit from those Bitcoin transactions was just $75 million, reflecting the fees that Square collects.”, “Revenue from Bitcoin sales — which includes the total value of Bitcoin purchases on its Cash App — climbed more than elevenfold to $3.51 billion, up from $306 million a year earlier, the company said Thursday in a shareholder letter. “

More news about Monero.

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