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Avalanche Launches Spruce Testnet for Evergreen Subnet

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Today’s Cryptocurrency Headline

Avalanche announces the launch of the Spruce testnet for the Avalanche Evergreen subnet, with initial institutional partners including T. Rowe Price Associates, WisdomTree, Wellington Management, and Cumberland. Participating institutions will use Spruce as a testnet for various applications and assets to evaluate the benefits of on-chain transaction execution and settlement. The Spruce testnet aims to enable institutional trading parties to participate in public blockchain infrastructure in a low-risk, low-entry-barrier manner. The use of valueless tokens allows institutional participants to experience the full functionality of the Avalanche subnet architecture without exposing their funds to risk.

BingX’s Bitcoin Chart

Source: TradingView & BingX

Over the last 24 hours, Bitcoin has experienced a 2.68% increase, reaching an intraday high of $30,749.00. Bitcoin price maintained the $30,000 support as lower-than-expected U.S. Consumer Price Index (CPI) data was released on April 12. The gradually upsloping 20-day EMA and the RSI in the overbought territory indicate an advantage to the buyers. If the BTC/USDT pair sustains its position above $30,000, it could rise to $32,000.


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