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Bingbon Chart

Source: TradingView & Bingbon

The market has been in a state of adjustment at any time. BTC tested the drop again and returned to the vicinity of $33,000. It is still between the $33,000-35,000 box. At present, it just returned to the bottom of the box. The optimism surrounding the cryptocurrency market improved. The daily trend of BTC is testing the pressure of the 30-day moving average. This is not something that can be ended in the short term, so stay patient.

Today’s Headlines

The Reserve Financial institution of New Zealand announces a central financial institution digital forex is likely to be a solution to the continued discount in using cash and that it’s going to look extra intently at using cryptocurrencies. The central bank aims to consult the public on the “issues key to the future of how New Zealanders pay and save,” Christian Hawkesby, assistant governor of the Reserve Bank of New Zealand, the country’s central bank, said Wednesday.

Now New Zealand’s central bank joins its counterparts in the world’s major economies in exploring the potential for a CBDC, with China leading the way. South Korea and Sweden both appear to have moved from research to testing in recent months.