Buyers of Bitcoin (BTC) have been active in the last 24 hours, as the cryptocurrency has surpassed $44,000 for the first time in the last few weeks. After technical indicators reached their most oversold levels since March 2020, upward momentum is picking up. At press time, BTC was trading approximately $44,752.29, up 4.69% in the previous 24 hours.

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Buyers would need to make a significant move over $44,000 to reverse the price decline that has occurred from the November top of approximately $69,000. Brief rallies have been limited below resistance levels in recent months, indicating that sellers have been in charge.

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However, bitcoin may experience more gains in the short term, especially given the relative strength index (RSI) is not overbought on the daily chart. The next level of resistance is around $45,000, which may put a halt to the current advance.

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Bitcoin fear and greed index on Tuesday, February 8, 2022, went from the fear level of 45 to the neutral level of 48 as per the alternative. me. The Fear and Greed index is a technique for assessing investors’ emotions toward the market.

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Bitcoin is currently trading around $44,764.85, up 4.72%. In the last 24 hours, the highest it touched was $45,293.87 and the lowest was $42,327.23. Bitcoin has a current market cap of $848,375,242,961. It has a circulating supply of 18,951,818.00 BTC coins and a maximum supply of 21,000,000 coins.

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On February 8, the Nasdaq will list Valkyrie’s ETF connected to Bitcoin mining firms

Crypto asset manager Valkyrie will have an exchange-traded fund (ETF) with exposure to Bitcoin mining firms available for trading on the Nasdaq Stock Market starting Tuesday. According to a Jan. 26 filing with the Securities and Exchange Commission, the investment vehicle will not offer direct exposure to Bitcoin (BTC), but at least 80% of its net assets will be through securities of companies that “derive at least 50% of their revenue or profits” from BTC mining or providing the hardware or software related to mining. The filing added Valkyrie would invest up to 20% of the ETF’s net assets in companies holding “a significant portion of their net assets” in Bitcoin.

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Google Cloud now includes service for detecting crypto-mining malware threats

Google Cloud said it’s adding Virtual Machine Threat Detection (VMTD), which will help detect threats including malware that mines cryptocurrency on a compromised account. “VMTD is a first-to-market detection capability from a major cloud provider that provides agentless memory scanning to help detect threats like crypto-mining malware inside your virtual machines running in Google Cloud,” according to a blog post from Google. The move comes after the company said in November that compromised Google Cloud accounts were used by 86% of “malicious actors” to mine cryptocurrencies. VMTD will also be able to protect Google Cloud Platform customers against attacks such as data exfiltration and ransomware, the blog said. The measure is being rolled out as a “public preview,” and Google will integrate VMTD with other parts of its service over the next few months.