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Immutable X to Launch ETH Offramp Feature in Q3

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Today’s Cryptocurrency Headline

Immutable X cooperated with MoonPay, a cryptocurrency payment service provider, to launch the ETH Offramp function. Developers can enable their users to sell L2 $ETH and have the proceeds deposited directly to their bank accounts. The feature is currently only available to users in the US, UK, and Europe, and will be available on the Immutable X Marketplace in the third quarter.

BingX’s Bitcoin Chart

Source: TradingView & BingX

Bitcoin is down -2.05% over the last 24 hours and fell to an intraday low of $19,275.47.  Over the last few days, the market traded between $19,000 and $21,000, suggesting the bulls are attempting to accumulate momentum to start a recovery. The relative strength index (RSI) has increased above the oversold level, indicating the selling pressure has been reduced. If the price sustains above $20,000, the BTC/USDT pair could rise toward the 20-day exponential moving average (EMA) (($21,072).

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