The waiting game continues for crypto traders after Bitcoin (BTC) is once again pinned below resistance at $40,00 and awaiting some spark in momentum that can sustain a rally back to the $45,000 range. The price of Bitcoin has traded in a range between $39,000 and $43,000 over the past couple of days and with tensions between Ukraine and Russia escalating, many traders are less than optimistic about Bitcoin’s short-term prospects.

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Buyers would need to make a significant move over $40,000 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 Monday, February 21, 2022, went from the fear level of 27 to the extreme fear level of 25 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 $39,175.74, up 1.01%. In the last 24 hours, the highest it touched was $39,394.44 and the lowest was $38,112.81. Bitcoin has a current market cap of $742,855,861,913. It has a circulating supply of 18,964,218.00 BTC coins and a maximum supply of 21,000,000 coins.

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KB Bank to introduce South Korea’s first crypto investment fund

Kookmin Bank is preparing to become the first bank in South Korea to offer crypto investment products to retail investors. KB announced on Feb. 21 that it had formed a Digital Asset Management Preparatory Committee to determine product and strategy capabilities regarding digital assets and artificial intelligence investment funds. The bank expects to launch crypto exchange-traded funds (ETFs) and futures products. The committee will also assess risk and compliance issues for the investment funds. The plans were confirmed by KB’s Head of Index Quant Management Honggun Kim in the official release from the bank. He said, “We will launch a virtual asset-themed equity fund, etc. We plan to publish periodicals as well.” KB Financial Group, the country’s largest by net profit, had about $520 billion in total assets as of September 2021 according to the research platform MacroTrends.

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OpenSea investigates exploit rumours after users complain of missing NFTs

OpenSea, a leading marketplace for NFTs, is investigating the “rumours of an exploit” involving smart contracts connected to its platform following an outbreak of panicked tweets from traders who lost valuable tokens. On Saturday night US hours, OpenSea tweeted that “We are actively investigating rumours of an exploit associated with OpenSea related smart contracts. This appears to be a phishing attack originating outside of OpenSea’s website. Do not click links outside of opensea.io.” A hacker swiped millions of dollars worth of non-fungible tokens on OpenSea Saturday evening, sending a tizzy over the nascent market for these tokens. It is not yet clear if the assets were stolen via break stemming from a deficiency in OpenSea’s platform or a phishing attack.