Bitcoin’s Daily RSI at its Most Oversold Since 2020 Crash

In the dynamic world of cryptocurrency trading, the Relative Strength Index (RSI) serves as a crucial tool for assessing asset momentum. A recent development signals a significant market event, with Bitcoin’s daily RSI dropping to levels unseen since the March 2020 COVID-19 crash. RSI, ranging from 0 to 100, measures price movement speed and change, with readings above 70 indicating overbought conditions and below 30 indicating oversold conditions. Bitcoin’s RSI below 20 has caught attention, resembling the pandemic-induced crash of March 2020.

Binance’s Investment in New Cryptocurrency Project

The world’s largest crypto exchange, Binance, continues to invest in various crypto money projects.

At this point, Binance Labs, the venture capital and incubator arm of Binance, announced that it had invested in Delphinus La

Vitalik Buterin Sells $1M+ ETH Ahead of Expected $1K Dip

Renowned crypto analyst Ali Martinez recently warned that Ethereum (ETH) must hold the $1,600–$1,550 range to avoid substantial downside risks. A breach might lead to a major correction of 37% to 45%, potentially dropping the price to $1,000. On August 21, Ethereum co-founder Vitalik Buterin moved 600 ETH worth over $1 million to Coinbase, suggesting a cautionary move before an expected ETH dip to $1,000

Mysterious Bitcoin Whale Rises to Third-Largest Wallet, Ties to BlackRock & Gemini

In the last three months, a new Bitcoin whale surfaced, accumulating 118,300 Bitcoin worth $3 billion, as per BitInfoCharts data. The owner’s identity is unknown, sparking theories linking Gemini and BlackRock. This wallet quickly climbed to become the third-largest Bitcoin holder, trailing Binance and Bitfinex. Some suggest it might be a centralized exchange like Gemini

Rising European Interest in Crypto Investments Post BlackRock’s ETF Application

Crypto ETP entries surged in Europe following BlackRock’s application for Bitcoin. The trend is following the flow of money, similar to crypto ETPs globally.

Growing European Interest in Crypto Investments

Following BlackRock’s US Bitcoin fund application, European crypto-related exchange-traded products saw a surge. In June, Euro-based ETPs had their strongest month since March 2022, with €150 million in inflows. After €100 million in exits in May, another €60 million followed in July.

BNB Drops 14% Following Binance’s Russian Money Transfer Support

The Wall Street Journal (WSJ) claimed that the leading crypto exchange Binance is helping Russians “move money.” According to the report, Binance still handles transactions for a minimum of five Russian financial institutions that have been sanctioned by Western countries. Binance was already in the limelight since July due to accusations of supporting money laundering in Russia.

Bitcoin Rebounds to $26,500, Reflecting Wall Street Gains

Bitcoin rose in Asia to $26,500, its biggest one-day gain in six weeks, recovering from last week’s dip. Ether also surged near $1,700, alongside other top 10 coins. This mirrored a U.S. equity market rally as S&P’s August index indicated economic slowdown, curbing inflation concerns. Solana’s SOL excelled after announcing USDC payments partnership with Shopify. OpenSea’s royalty change affected the Forkast 500 NFT index. Nvidia’s strong earnings boosted its shares and U.S. equities.