March13 BTCUSD BingX Chart Analysis and Today's Headline
BingX’s Bitcoin Chart
Bitcoin is up 9.55% over the last 24 hours and rose to an intraday high of $22,600.00. The largest cryptocurrency has rebounded above $22,000 after stablecoin issuer Circle announced the company will stand behind USDC and cover any shortfall using corporate resources, involving external capital if necessary. The rebound witnessed today has resulted in the relative strength index (RSI) returning to a neutral position, indicating a substantial decline in the short-term selling pressure. If the price maintains above $22,000, the BTC/USDT pair may reach $22,800.
Today’s Cryptocurrency Headline
SVB Draws Support From More Than 100 Investors and Venture Firms
According to Bloomberg, more than 100 venture capital and investing firms have signed a statement supporting Silicon Valley Bank, part of mounting industry calls to limit the fallout of the bank’s collapse and avoid a possible “extinction-level event” for tech companies. As of Saturday afternoon in San Francisco, about 125 venture firms including Sequoia Capital had signed on to the statement, spearheaded by venture firm General Catalyst, according to a person familiar with the matter. First released Friday by a smaller group of signatories, the statement called the events of the last two days “deeply disappointing and concerning,” and said that the investors would continue relationships with the institution if it were bought by another entity.
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.
Bitcoin is up 9.55% over the last 24 hours and rose to an intraday high of $22,600.00. The largest cryptocurrency has rebounded above $22,000 after stablecoin issuer Circle announced the company will stand behind USDC and cover any shortfall using corporate resources, involving external capital if necessary. The rebound witnessed today has resulted in the relative strength index (RSI) returning to a neutral position, indicating a substantial decline in the short-term selling pressure. If the price maintains above $22,000, the BTC/USDT pair may reach $22,800.
Today’s Cryptocurrency Headline
SVB Draws Support From More Than 100 Investors and Venture Firms
According to Bloomberg, more than 100 venture capital and investing firms have signed a statement supporting Silicon Valley Bank, part of mounting industry calls to limit the fallout of the bank’s collapse and avoid a possible “extinction-level event” for tech companies. As of Saturday afternoon in San Francisco, about 125 venture firms including Sequoia Capital had signed on to the statement, spearheaded by venture firm General Catalyst, according to a person familiar with the matter. First released Friday by a smaller group of signatories, the statement called the events of the last two days “deeply disappointing and concerning,” and said that the investors would continue relationships with the institution if it were bought by another entity.
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.
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