Bitcoin (BTC) is in a downtrend as selling reacted to resistance at $48,000. The cryptocurrency might find support at $43,000 on the Asian trading day, which would help to calm the downward trend.

On the daily chart, the relative strength index (RSI) is declining from overbought levels, which usually precede price pullbacks. However, on the weekly chart, the RSI is neutral with positive momentum readings. As a result, buyers may continue to be active at lower levels of support.

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BTC is still seeking to break below a two-week-long uptrend, as it did in early February, which followed a temporary price dip. For the time being, buyers must keep the breakthrough above $46,000 in order to achieve an upside objective of $50,966.

Bitcoin fear and greed index on Monday, April 4, 2022, went from the neutral level of 48 to the level of 52 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 $46,083.26, down 0.33%. In the last 24 hours, the highest it touched was $47,313.48 and the lowest was $45,839.92. Bitcoin has a current market cap of $876,156,422,229. It has a circulating supply of 19,002,275.00 BTC coins and a maximum supply of 21,000,000 coins.

Australian convenience store giant OTR to accept crypto at 170 outlets

Convenience store and gas station giant On The Run (OTR) will soon accept crypto payments at its 170 outlets across South Australia and Victoria. The move will allow customers to pay for gas, snacks, and even a Subway foot long in over 30 cryptocurrencies. OTR’s parent company the Peregrine Corporation, one of the largest privately-owned companies in South Australia, will also be accepting crypto at its Subway, Oporto, and Smokemart stores. Once the system is finalized in July, it will become the largest business in the country to accept in-store crypto payments. The company is working with Singapore-based exchange Crypto.com to implement its Pay Merchant service as its payment settlement layer. Datamesh, a Sydney-based payment systems provider, will roll out point of sale terminals allowing shoppers to pay through the Crypto.com app with their cryptocurrency holdings.

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Indian gaming company ‘MPL’, seeks investment from FTX

Cryptocurrency exchange FTX is in talks to invest in Indian gaming firm Mobile Premier League (MPL), TechCrunch reported, citing sources familiar with the matter. MPL is in talks with several investors, including FTX, as it looks to push into Web 3 gaming, the report said. Earlier this year, FTX had created a gaming unit to boost crypto adoption in gaming, according to a previous report. The Indian gaming firm, which counts Sequoia Capital India and RTP Global among its investors, has several mobile video game titles under its umbrella in genres ranging from sports, and card games, to fantasy games. The firm had earmarked Rs 2,000 crore ($265 million) for its popular fantasy cricket league in which players can win up to Rs 1 crore. MPL has been looking to raise the investment as an extension to its Series E round, at a valuation of $2.5 billion, the report added, citing a source.