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Today’s Cryptocurrency Headline
Singapore-based financial services group DBS has widened access to crypto trading services at its members-only digital exchange DBS Digital Exchange (DDEx). The launch of the crypto trading feature comes at a time when DBS wealth clients are increasingly choosing self-directed options. Accredited wealth clients will now be able to trade BTC, BCH, ETH and XRP on DDEx with a minimum investment of $500.
BingX’s Bitcoin Chart
The Dollar Index (DXY) has increased to 113.02, a 20-year high, which imposed strong pressure on risky assets. The S&P 500 index has declined about 1.72% today, while the Nasdaq Composite is down 1.8%. Bitcoin is down 0.84% over the last 24 hours and fell to an intraday low of $18,530.81. The relative strength index (RSI) is just below the midpoint, indicating a minor advantage to bears. The largest cryptocurrency has been trading between $18,126 to $19,966 since Sept. 19, showing that the bulls are defending $18,000, but they are unable to push the price above $20,000. For now, buyers need to push the price above the 20-day exponential moving average (EMA) ($19,904) to establish a relief rally.
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