Top stories in today’s Crypto Roundup:
- Binance partners with Paxos to launch U.S. dollar-backed stablecoin.
- Paxos PAX Gold becomes first tokenized gold product to receive regulatory approval.
- Bitcoin network facilitates a transaction worth over $1 billion.
BTC/USD pushed higher by roughly $200 overnight (UTC). For the third time over the past two days, the 50 EMA on the hourly timeframe served as key support. The BTC/USD pair’s RSI (i.e., 68) is closing in on ‘overbought’ territory (i.e., 80 or higher) on the four-hour timeframe.
At the time of writing, bitcoin (BTC) is trading at $10,716.9 (+1.81%) with a daily trusted volume of $1.23 bn. As for ether (ETH) it is trading at $175.6 (+0.7%) with a daily trusted volume of $220.16 mn. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 3,207.60 (+1.41%).