March 8 BTCUSD BingX Chart Analysis and Today's Headline

Bitcoin is down 1.45% over the last 24 hours and fell to an intraday low of $21,928.02. The largest cryptocurrency is struggling to climb back above $23,000, suggesting the bears are controlling the market. The 20-day exponential moving average has started to turn down, and the relative strength index (RSI) is below 42, indicating an advantage to the bear. The sellers will try to pull the price further down, and if the price drops below $22,000, the BTC/USDT pair may drop to the critical support at $21,480.

Today’s Cryptocurrency Headline

Fantom Releases Its go-opera 1.1.2-rc.5 Mainnet Update

According to the official blog, the Fantom Foundation announced the release of a new version of the Fantom mainnet (go-opera version 1.1.2-rc.5). Improvements in this release include batched genesis blocks processing, configurable DBs management, parallel EVM logs search, and optimizations in P2P protocol.
Based on internal testing, this upgrade brings the following benefits:
P2P and events/blocks processing is significantly improved, resulting in an approximately 30% improvement for events/blocks processing time.
Genesis file processing is up to 3 times faster (except for archive genesis files).
Searching logs is now 5 times faster, and each log search should take only 1/5 of the time it took before.
In addition, the new version has made some adjustments to the database layer, which can integrate multiple data storage types (LevelDB and PebbleDB), and also support DBs batching for genesis processing and desynchronizing data flushing.

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