March 21 BTCUSD BingX Chart Analysis and Today's Headline

According to CoinShare, digital asset investment products saw outflows for the 6th consecutive week totalling US$95m, with the 5-week total being US$406m, representing 1.2% of total assets under management (AuM). Bitcoin is up 1.15% over the last 24 hours and rose to an intraday high of $28472.10. The largest cryptocurrency continues to trade around the $28,000 price level, suggesting strong demand from investors. The rising 20-day EMA ($24,463) and the relative strength index near the overbought territory, suggest that buyers have an edge in the market. If the price remains above $28,000, the BTC/USDT pair may have the potential to surge to $30,000.

Today’s Cryptocurrency Headline

Immutable Partners with Polygon Labs to Accelerate Web3 Game Development

Immutable X development company Immutable announced a strategic partnership with Polygon Labs to accelerate the development of Web3 games. Immutable will use Polygon's zero-knowledge technology to build a new EVM-compatible zk-rollup solution, Immutable zkEVM, to provide game developers with additional options, and does not replace their Starkware-based solution, Immutable X. In addition, ImmutableX has announced two upgrades for its platform on Twitter: 20% of fees must be paid in $IMX, and $IMX will be used as the core gas currency for Immutable zkEVM.

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