April 22 BTCUSD BingX Chart Analysis and Today's Headline

Over the last 24 hours, Bitcoin has dropped by 3.03%, hitting an intraday low of 27 ,125.00. The downward trend of the leading cryptocurrency has continued into Friday, with prices dropping for the third consecutive session, indicating that market sentiment is turning bearish. Technical indicators, including the descending 20-day Exponential Moving Average (EMA) and the Relative Strength Index (RSI) in the negative zone, suggest that sellers may have the upper hand. If BTC/USDT drops below 27 ,000, it may slip to 26 ,500.

Today’s Cryptocurrency Headline

Ontario Teachers' Pension Plan Shifts Focus Away From Crypto Investments

The Ontario Teachers' Pension Plan (OTPP) of Canada has announced that it has ceased involvement in the cryptocurrency space following the complete write-down of its 95 million investment in FTX last year. The OTPP is currently focusing on new opportunities in the real estate sector and hopes to expand its exposure to private credit. Previously, in November of last year, the fund announced that it would write down its 95 million investment in FTX to zero by the end of the year. It is reported that the OTPP invested a total of 75 million in FTX and FTX US in October 2021 and made a subsequent investment of 20 million in FTX US in January 2022. This investment accounted for less than 0.05% of the pension plan's total net assets.

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.