Doing better than the market
The total crypto market is −2.7% in 24 hours. IBMX is +1.9%, 4.6% better than the market, so part of the move is specific to International Business Machines xStock.
Why is the crypto market moving? →
why / ibmx
Why is International Business Machines xStock up today?
International Business Machines xStock (IBMX) is up 1.9% in the last 24 hours, trading at $256.06. That is 4.6% better than the whole crypto market (−2.7%), so part of the move is specific to International Business Machines xStock. It is now at its highest price this week.
IBMX 24h+1.90%
Whole market 24h−2.71%
Bitcoin 24h−3.08%
Link to BTC (30d)-0.40
Volume vs normal—
signals
What is moving International Business Machines xStock
Strongest signals first.
Highest price this week
IBMX pushed above its 7-day range (high $253.88).
Moving on its own, not with Bitcoin
Over the last 30 days, IBMX's daily moves had a -0.40 correlation with Bitcoin (1 means identical direction). That is low: IBMX has mostly moved on its own lately, while Bitcoin is −3.1% today.
Bitcoin price →Strong month
IBMX is +3.2% this week and +16% over 30 days, so today's move continues the monthly trend.
Market mood: Fear (30)
The Crypto Fear & Greed Index reads 30 out of 100, down from 51 yesterday. Sentiment is not extreme either way.
Fear & Greed Index →Liquidations, funding and open interest
See whether leveraged traders are being forced out of IBMX positions right now, on the chart, in the Blockdeck app.
See VIP layers →next
Keep exploring International Business Machines xStock
faq
Questions
Why is International Business Machines xStock up today?
International Business Machines xStock (IBMX) is up 1.9% in the last 24 hours, trading at $256.06. That is 4.6% better than the whole crypto market (−2.7%), so part of the move is specific to International Business Machines xStock. It is now at its highest price this week.
Will International Business Machines xStock go back down?
Nobody can know that in advance, and Blockdeck does not make price predictions. What the data shows: IBMX is +3.20% over 7 days and +15.52% over 30 days. Check the live chart and the signals above, and never trade more than you can afford to lose.
How is this explanation made?
From measured market data, refreshed every few minutes: the whole market's move, IBMX's link to Bitcoin over 30 days, its sector, trading volume against its 30-day average, recent news, where the price sits in its range, and market sentiment. Nothing here is guessed or written by hand.
Explanations are built from market data and are not financial advice.