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Today’s Cryptocurrency Headline
SushiSwap announced the launch of Sushi Studios, a decentralized incubator, to empower external product teams to leverage the Sushi brand and develop protocols without requiring Sushi DAO Treasury funding. Sushi Studios will help create an inclusive product ecosystem that brings value to all Sushi I takehold will also authorize independent token economies, allowing for the bootstrapping of liquidity, fundraising, & distribution of new product launches. Through licensing the Sushi brand IP, Sushi Studios will give builders access to Sushi to provide complimentary products that bring value to the Sushi brand, ecosystem & stakeholders.
BingX’s Bitcoin Chart
Source: TradingView & BingX
Bitcoin is up 11.5% over the last 24 hours and rose to an intraday high of $24,914.18. The largest cryptocurrency rose above the $24,263 price level with massive volume, suggesting the worse-than-expected CPI der data did not dent the enthusiasm cryp . The relative strength index (RSI) is in the overbought territory, indicating the market sentiment is very strong. The bulls will attempt to thrust the price above $25,000. If they succeed, the BTC/USDT pair could rise to $28,000.
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