Steem Cryptocurrency Drops By 16% In The Last 6 Hours

Steem Cryptocurrency is currently on bearish momentum by 16.72% in the last 6 hours. At 23:18 EST on Monday, 19 April, Steem is at $0.87.

Steem Range

About Steem’s daily highs and lows, it’s 0.54% down from its trailing 6 hours low of $0.87 and 14.33% down from its trailing 6 hours high of $1.01.

Social Status

Currently, Steem has 13494 Twitter followers and 3933 Reddit subscribers.

As of now, on Github, there are 782 forks, 1888 stars, and 236 subscribers.

Crypto Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Steem’s crypto is considered to be overbought (>=80).

News about Bitcoin

Crypto stock mania tested by sliding prices, Bitcoin slump. According to Bloomberg Quint on Monday, 19 April, "A global, Bloomberg-curated basket of equities linked to crypto trading or Bitcoin mining fell some 9% over the past week, paring 2021’s climb to about 130%. ", "Day traders have also pushed up stocks such as Bitcoin miner Marathon Digital Holdings Inc. and crypto broker Voyager Digital Ltd., which are up at least 8,900% in the past year. "

Bitcoin plunges by most since February, days after record high. According to Bloomberg Quint on Sunday, 18 April, "Dogecoin’s 100% Friday rally was ‘peak party,’ after the Bitcoin record and Coinbase listing earlier in the week. ", "Federal Reserve Chairman Jerome Powell last week said Bitcoin "is a little bit like gold" in that it’s more a vehicle for speculation than making payments. "

Asian stocks hit one-month highs, Bitcoin climbs. According to FX Empire on Monday, 19 April, "The retreat in Bitcoin also comes after Turkey’s central bank banned the use of cryptocurrencies for purchases on Friday."