Theta Network (THETA-USD) Cryptocurrency is currently on bearish momentum by 14.34% in the last 6 hours. At 02:26 EST on Wednesday, 19 May, Theta Network (THETA-USD) is at $8.65.
Social Status
Currently, Theta Network (THETA-USD) has 160101 Twitter followers and 17212 Reddit subscribers.
As of now, on Github, there are 44 forks, 216 stars, and 42 subscribers.
Volatility
Theta Network’s last week, last month’s, and last quarter’s current volatility was a negative 1.31%, a negative 0.31%, and a positive 6.05%, respectively.
Theta Network’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 6.02% (last week), 6.00% (last month), and 6.05% (last quarter), respectively.
News about Bitcoin
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. “, “The EV-maker’s retraction that it will accept Bitcoin as payment “was the catalyst that accelerated the spread consolidation. “
Bitcoin loses cachet in its challenge to gold . According to Bloomberg Quint on Monday, 17 May, “One Bitcoin is now equivalent to about 23 ounces of bullion, down from a record of 36 ounces in April. “
Fund managers say ‘long Bitcoin’ is the most crowded trade in the world. According to Bloomberg Quint on Tuesday, 18 May, “In case there were any doubt about how how hot Bitcoin or “crypto” is these days, look no further than the latest Bank of America fund manager survey.”
Bitcoin chartists see selloff intensifying with $40,000 in focus. According to Bloomberg Quint on Tuesday, 18 May, “If Bitcoin breaks through that level, more losses are ahead, but if prices can hold above the support, then it might be the beginning of a new rally, Purves predicted.”, “Purves says the next important level for Bitcoin is $42,000 because it roughly equates to where the rally topped out in January and a 50% retracement from December 2020 levels. “
Bitcoin erases all gains since Elon Musk’s initial big embrace. According to Bloomberg Quint on Wednesday, 19 May, “Fueling the volatility is Tesla CEO Musk himself, who surprised crypto advocates last week with an announcement that the company would no longer accept Bitcoin as payment. “, “The mood music grew darker over the weekend, with Bitcoin dropping about 15% as Musk doubled-down on his criticism of the cryptocurrency’s environmental load.”
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