A “death cross” pattern has appeared on the Ethereum$ETH chart, while Binance has urged users to convert BUSD into other stablecoins — these and other important cryptocurrency market news in our roundup.
Although Ethereum (ETH) has risen 3.5% this week, a pattern known in technical analysis as a “death cross” is forming on its chart, reports CoinDesk. In technical analysis, a “death cross” forms when the 50-day moving average crosses below the 200-day moving average. This pattern points to a possible decline in the asset’s value.
Crypto exchange Binance urged users to convert the Binance USD (BUSD) stablecoin into other “stablecoins” available on the trading platform after Paxos stopped issuing new BUSD. “Binance will continue to support several stablecoins and digital assets on its platform. Users are advised to convert their BUSD assets into other assets available on Binance by February 2024,” the exchange said.#ПротоколFOMC $ETH
