February 21 BTCUSD BingX Chart Analysis and Today's Headline

BingX’s Bitcoin Chart



According to CoinShare, digital asset investment products saw outflows totalling US$32m last week, the largest since late December 2022. Bitcoin is up 2.45% over the last 24 hours and rose to an intraday high of $25,123.11. The largest cryptocurrency has been trading near the strong resistance at $25,211 for the past few days, suggesting the bear is defending. The rising moving averages and the RSI above 65 also indicate that bulls are in control. If the BTC/USDT pair sustains above $25,000, the BTC/USDT pair could rise to $28,000.

Today’s Cryptocurrency Headline

Klaytn Foundation Announces New Governance and Tokenomics

The Klayth Foundation, one of the main developers and code maintainers of the blockchain platform Klaytn, plans to cooperate with the Klaytn Governance Council to make changes to the Klaytn network governance system and the economic model of the native KLAY token. The Foundation will submit a revised tokenomics proposal to the Klaytn Governance Council earlier this week, with the final agenda and proposal to be announced on February 28th along with the technology roadmap for 2023.