September 7 BTCUSD BingX Chart Analysis and Today's Headline

BingX’s Bitcoin Chart


According to OKLink, the current Ethereum merger progress has been completed 98.86% and is expected to be carried out on September 15. Bitcoin is down 5.99% over the last 24 hours and fell to an intraday low of $18,652.91. The largest cryptocurrency suddenly fell more than $900 in less than three hours on September 6. The relative strength index (RSI) is below the oversold level, indicating that the bears are currently dictating price movement. If the bears managed to push the price below June 18 intraday low of $17,588, we could see more decline.

Today’s Cryptocurrency Headline

Franklin Templeton Launches Metaverse ETF

Fund manager Franklin Templeton, which manages more than $1.4 trillion in assets, has launched a new Metaverse exchange-traded fund (ETF) for European investors. The fund, called the Franklin Metaverse UCITS ETF, will track Solactive Global Metaverse Innovation Net Total Return Index, which includes companies that have significant exposure to the metaverse, including blockchain applications, like payments firm Block, crypto investing firm Galaxy Digital and gaming company Electronic Arts. The new ETF will list on Deutsche Börse Xetra (XETRA) on Sept. 7, and Borsa Italiana as well as London Stock Exchange (LSE) on Sept. 9.

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