March 6 BTCUSD BingX Chart Analysis and Today's Headline

BingX’s Bitcoin Chart


Bitcoin is up 0.15% over the last 24 hours and rose to an intraday high of $22,570.52. The largest cryptocurrency plummeted below the $23,000 support on March 3 due to concerns about the solvency of crypto bank Silvergate. The 20-day exponential moving average ($23,085) has started to turn down and the relative strength index (RSI) is below 44, indicating an advantage to the bear. The sellers will try to pull the price below the February 13 low of $21,351. If it happens, the BTC/USDT pair may drop to the vital support at $20,000.

Today’s Cryptocurrency Headline

ConsenSys' zkEVM Testnet Will Live on March 28

Ethereum infrastructure development firm ConsenSys will launch a public testnet for its zero-knowledge Ethereum Virtual Machine (zkEVM) on March 28. Its private testnet has processed over 350,000 transactions. ConsenSys has not set a date for when their zkEVM will move out of the testnet phase, but Nicolas Liochon, ConsenSys R&D director and head of the ZK business group, said it should happen by the end of 2023. In January, ConsenSys’ zkEVM testnet opened a private beta version to 100 selected users, and now it's open for anyone to join.