Monero (XMR-USD) Cryptocurrency is currently on bearish momentum by 47.84% in the last 14 days. At 18:25 EST on Monday, 24 May, Monero (XMR-USD) is at $250.16.
Monero (XMR-USD) Range
Concerning Monero’s daily highs and lows, it’s 36.48% up from its trailing 14 days low of $183.29 and 46.91% down from its trailing 14 days high of $471.22.
Currently, Monero (XMR-USD) has 416914 Twitter followers and 221166 Reddit subscribers.
As of now, on Github, there are 3061 forks, 5870 stars, and 490 subscribers.
Monero’s last week, last month’s, and last quarter’s current volatility was a negative 7.65%, a negative 0.88%, and a positive 4.32%, 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 10.54% (last week), 6.41% (last month), and 4.32% (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 prices keep falling to approach $30,000. According to The Wall Street Journal on Sunday, 23 May, “After starting the year under $30,000, Bitcoin prices peaked at $64,829.14 on April 14-the same day Coinbase Global Inc., the largest U.S. bitcoin exchange, went public in a highly anticipated direct listing.”
Bitcoin punctuates wild week with a fresh bout of volatility. According to Bloomberg Quint on Sunday, 23 May, “A day earlier, Bitcoin had climbed back above $38,000 following a tweet from Elon Musk in which the Tesla Inc. CEO said he supported crypto in the battle against fiat currencies.”, “Investors in Bitcoin are experiencing one of its rockiest weeks ever after a string of negative headlines, with prices swinging as much as 30% during the day. “
Bridgewater’s ray dalio says he prefers Bitcoin to bonds. According to Bloomberg Quint on Monday, 24 May, “Ray Dalio, founder of Bridgewater Associates, said he would rather own Bitcoin than a bond.”, “The hedge fund manager has previously called Bitcoin “one hell of an invention” and that he found it challenging to put a value on digital assets since investing in Bitcoin means recognizing the potential to lose about 80%.”
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