July 26 BTCUSD BingX Chart Analysis and Today's Headline

BingX’s Bitcoin Chart

Yesterday, BTC traded sideways around $29,000 for the entire day. Looking at the daily technical indicators, the KDJ formed a death cross, with all three lines turning downwards. The MACD indicator showed continued bearish movement with increased volume in the decline. BTC's rebound strength suggests the presence of significant resistance from the 7-day moving average (MA7). Additionally, the Bollinger Bands (BOLL) indicator operated within the mid-lower range without any significant opening downward.

Flashbots Raises $60 Million at $1 Billion Valuation

According to The Block, Ethereum infrastructure service provider Flashbots has successfully raised around $60 million in funding, valuing the company at $1 billion. The raised funds will be directed towards the development of their Suave platform, which aims to enable users to conduct transactions on the blockchain in a "cheaper and more private" manner. Flashbots confirmed that they have secured full subscription for their Series B funding round, with participation from leading venture capital firms, Layer-2 networks, angel investors, decentralized exchanges, applications, and MEV supply chain participants.

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