October 26 BTCUSD BingX Chart Analysis and Today's Headline

BingX’s Bitcoin Chart


According to The Block's data dashboard, annualized bitcoin volatility is currently 27.06% — its lowest level since July 2020. Bitcoin is up 4.56% over the last 24 hours and rose to an intraday high of $20,421.37. The cryptocurrency market is experiencing a strong rally today. Bitcoin has finally broken the $20K price level, and ETH has surged 10% in the last 24 hours. The relative strength index is above 50, and the Crypto Fear & Greed Index is out of extreme fear territory, suggesting the market sentiment is changing.

Today’s Cryptocurrency Headline

Ethereum Foundation Launches L2 Community Grants Program

The Ethereum Foundation Announces the Layer 2 Community Grants 2022, with a total of up to $750,000 in this round to fund and encourage research and development around Layer 2 applications and education, including researching L2 metrics, multi-layer block explorer, compression for rollups, and educating more users on L2. The grant application window begins on October 24, 2022, for 6 weeks and closes on December 5, 2022.

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