Bitcoin sees "Golden Cross" and Dell Partners with Hedera
Crypto and traditional markets began to recover from their pullback yesterday. BTC and ETH are up 0.97% and 1.52%, respectively, while SPX and NDQ are up 0.15% and 0.57%. Outperformers today include INJ, up 12.67%, and LDO, up 14.0%. Lido’s rise comes after the protocol unveiled its upgrade plans for v2 ahead of Ethereum’s Shanghai upgrade. There are two major focuses of this upgrade: an introduction of a new staking router and enabling withdrawals for ETH stakers. Enabling liquid staking reward withdrawals will allow Lido Staked ETH (stETH) holders to withdraw funds from Lido at a 1:1 ratio in ETH. An interesting development today is that Bitcoin had its “Golden Cross” of the 50-day SMA crossing the 200-day SMA as seen in the chart below. Golden Crosses have historically been a bullish signal and preceded moves to the upside.
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