October 18 BTCUSD BingX Chart Analysis and Today's Headline

BingX’s Bitcoin Chart


According to CoinShare, digital asset investment products saw inflows totalling US$12m last week. Bitcoin is up 1.81% over the last 24 hours and rose to an intraday high of $19,677.65. The United States equities markets and the cryptocurrency market have made a positive start to the new week after Britain reversed course on an economic plan, while Bank of America was the latest financial company to post solid quarterly results, suggesting the investors are optimistic about the corporate earnings season. Bitcoin is trading above the 20-day exponential moving average ($19,450), and the bulls are trying to extend the recovery above the 50-day simple moving average ($19,677). If they succeed, Bitcoin could rise to the $20,000 price level.

Today’s Cryptocurrency Headline

Ripple Begins Testing XRP Ledger Sidechain

Ripple is testing an EVM-compatible XRP Ledger (XRPL) sidechain, which is currently live on Ripple’s developer network (devnet) and developers can test implementations before they go live on the main network. Ripple said the sidechain will be permissionless in early 2023, allowing anyone to join. Full deployment of the sidechain is planned for the second quarter of 2023. Ripple CTO David Schwartz said the goal in 2023 is to have the EVM sidechain connected to the XRPL mainnet.

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