August 31 BTCUSD BingX Chart Analysis and Today's Headline

BingX’s Bitcoin Chart


Bitcoin is down 1.98% over the last 24 hours and fell to an intraday low of $19,538.00. The cryptocurrency market dropped alongside the traditional equity market as investors still absorbing a stern Fed monetary-policy outlook. The relative strength index (RSI) on the daily chart is moving away from the oversold level but is still in negative territory, indicating the market sentiment is weak. For now, the buyers must push the price above the psychological level of $20,000 in order to avoid further decline.

Today’s Cryptocurrency Headline

Fireblocks Launches Support for Solana

Crypto custody and services firm Fireblocks has added support for Solana applications. Users will be able to interact with applications directly on Fireblocks' platform and access a suite of building tools optimized for security. Fireblocks CEO Michael Shaulov said Fireblocks’ Web3 Engine offers Solana builders the highest level of security when it comes to accessing the blockchain and its ecosystem of applications for their customers.

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