Binance Coin (BNB-USD) Cryptocurrency Went Down By Over 48% In The Last 14 Days

Binance Coin (BNB-USD) Cryptocurrency is currently on bearish momentum by 48.20% in the last 14 days. At 16:40 EST on Tuesday, 25 May, Binance Coin (BNB-USD) is at $328.73.

Binance Coin (BNB-USD) Range

Concerning Binance Coin’s daily highs and lows, it’s 51.25% up from its trailing 14 days low of $217.34 and 51.65% down from its trailing 14 days high of $679.92.

Social Status

Currently, Binance Coin (BNB-USD) has 3978260 Twitter followers and 429505 Reddit subscribers.

As of now, on Github, there are 2015 forks, 3393 stars, and 496 subscribers.

Volatility

Binance Coin’s last week, last month’s, and last quarter’s current volatility was a negative 6.34%, a negative 0.61%, and a positive 5.15%, respectively.


Binance Coin’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 8.82% (last week), 4.90% (last month), and 5.15% (last quarter), respectively.

News about Bitcoin

Elon Musk met with Bitcoin miners to discuss making the cryptocurrency more environmentally friendly. According to Business Insider on Monday, 24 May, “Bitcoin mining consumes over 113 terawatt hours per year, slightly more than the country of the Netherlands at 110 terawatt hours, according to a real-time estimate from the University of Cambridge’s Bitcoin Electricity Consumption Index.”, “The miners have agreed to form the Bitcoin Mining Council to promote energy usage transparency & accelerate sustainability initiatives worldwide,” Saylor said in a tweet.”

Bitcoin ETF backers see Canada fund’s slump as reason to believe. According to Bloomberg Quint on Tuesday, 25 May, “As the price of the largest digital asset cratered, the $660 million Purpose Bitcoin ETF (ticker BTCC) in Canada — North America’s first such fund — moved in lockstep.”, “I don’t think the volatility for Bitcoin impacts the decision-making process, but the fact that demand remains high could add data to support their concerns about the impact of the fund’s potential size and inability to close to new investors.”

Bitcoin slips below $38,000 in a retreat from Monday’s rally. According to Bloomberg Quint on Monday, 24 May, “The Tesla Inc. billionaire has roiled the token’s price this month, triggering a selloff by criticizing its energy profile and suspending Bitcoin payments. “, “Miners use hundreds of computers that run around the clock to verify Bitcoin transactions in exchange for new coins.”

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