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Today’s Cryptocurrency Headline

Amazon Web Services (AWS) has partnered with Avalanche parent company Ava Labs to help scale blockchain adoption across enterprises, institutions, and governments. The partnership intends to make it easier for individuals to launch and manage nodes on Avalanche while also aiming to give the network more strength and flexibility for developers. AWS will support Avalanche’s infrastructure and DApp ecosystem through its marketplace, as well as one-click node deployment. Ava Labs plans to add its subnet deployments to the AWS marketplace as a managed service.

BingX’s Bitcoin Chart

Source: TradingView & BingX

Bitcoin is up 4.95% over the last 24 hours and rose to an intraday high of $18,377.00. The largest cryptocurrency has experienced the largest gains since the FTX bankruptcy crisis, suggesting bulls are returning to the market. The 20-day exponential moving average ($16,982) has turned up and the relative strength index (RSI) is above the overbought territory, indicating that bulls are in control. The latest U.S. CPI report will be released today and if the data is better-than-expected, the BTC/USDT pair could rise to a higher level. 

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