September 29 BTCUSD BingX Chart Analysis and Today's Headline

BingX’s Bitcoin Chart


Bitcoin is up 1.71% over the last 24 hours and fell to an intraday high of $19,777.00. The largest cryptocurrency rebounded alongside the traditional equity market after the Bank of England launched a bond-buying program to prevent 'material risk' to UK financial stability. But this does not necessarily mean that the central banks across the world would change their tight monetary policy against inflation. For now, the BTC/USDT pair is trading slightly below the 20-day exponential moving average (EMA)($19,518), and the bulls are likely to push the price above the 20-day EMA. If the price is maintained above the 20-day EMA($19,518), the pair could then rise to the 50-day simple moving average (SMA) ($20,706).

Today’s Cryptocurrency Headline

Circle to Launch Cross-Chain Transfer Protocol for USDC

Circle, crypto payments company and USDC issuer, has announced the upcoming launch of a cross-chain transfer protocol to support USDC interoperability. The company is expected to launch on the Ethereum and Avalanche mainnet later this year. The new product is permissionless and allows for USDC to be sent natively across ecosystems, which improves liquidity and reduces fragmentation of bridging assets. At the same time, Circle also announced that it plans to offer USDC on five blockchain ecosystems including Arbitrum, Cosmos, NEAR, optimistic and Polkadot in the coming months.

Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.