August 2 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
According to CoinShare, Digital asset investment products saw inflows totalling US$81m last week, signifying the 5th consecutive week of inflows totalling US$0.53bn. Bitcoin is down 4% over the last 24 hours and fell to an intraday low of $22,850.00. The largest cryptocurrency could find support around the 20-day exponential moving average (EMA) ($22,492), and if the price bounces from this level, the bull will attempt to push the price above the $24,000. If they succeed, the BTC/USDT pair could pick up momentum and a rally to $28,000. However, if the bulls cannot hold the price above the 20-day EMA, the bears will attempt to pull the pair below the 50-day simple moving average (SMA) ($21,292).
Today’s Cryptocurrency Headline
Tiffany & Co. Announces CryptoPunk Pendants
Luxury jewelry brand Tiffany & Co. has announced the launch of the "NFTiffs" NFT series. “NFTiffs represent a collection of 250 digital passes, offered by Tiffany & Co., which may be minted when purchased and redeemed by CryptoPunks holders for the creation of a custom-designed pendant and an NFT digital artwork that resembles the final jewelry design”, according to the official blog. The pendant will go on sale Aug. 5, and each customer can buy up to 3 NFTiffs and the pendant costs 30 ETH.
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