Bitcoin (BTC) is seeking to continue its recovery by breaking over the psychological level of $50,000, although numerous prominent analysts predict that BTC will stay range-bound for several weeks or even months.
On-chain analytics firm CryptoQuant said that Bitcoin “whales are still depositing BTC to exchanges.” This simply indicates that whales are setting themselves up to react at short notice depending on which path the price elects to take. Some believe the current fall looks similar to the March 2020 crash.
Also Read| Crypto Fear and Greed Index on December 14, 2021
Bitcoin fell below the uptrend line and psychological support level of $50,000, potentially resulting in panic selling by traders. Although bulls eagerly purchased the dip, they are finding it tough to drive the price over $50,000.
Bitcoin fear and greed index on Tuesday, December 14, 2021, went from the fear level of 28 to the level of 21 as per the alternative. me. The Fear and Greed index is a technique for assessing investors’ emotions toward the market.
Bitcoin is currently trading around $47,127.47, down 3.68%. In the last 24 hours, the highest it touched was $49,308.97 and the lowest was $45,894.85. Bitcoin has a current market cap of $892,031,861,192. It has a circulating supply of 18,900,368.00 BTC coins and a maximum supply of 21,000,000 coins.
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The Brazilian Stock Exchange B3 intends to enter the cryptocurrency market in 2022, according to a report
Brazil’s only stock exchange, B3, plans to enter the crypto market in 2022, InfoMoney reported, citing a Dec. 10 presentation from B3 President Gilson Finkelsztain. B3 is exploring opportunities in the asset tokenization, digital asset custody, and crypto-as-a-service (CaaS) segments, InfoMoney reported. The San Pablo-based stock exchange is also considering services to facilitate over-the-counter (OTC) trading and access to liquidity centers.
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The Russian Central Bank will prohibit mutual funds from investing in Bitcoin
The Russian central bank continues its strict policies regarding the cryptocurrency industry, now officially banning mutual funds from investing in cryptocurrencies like Bitcoin (BTC). On Monday, the Bank of Russia published an official statement on regulating investment opportunities by mutual investment funds. Despite expanding the number of assets available for investment by mutual funds, the document prohibits fund managers from buying cryptocurrencies as well as “financial instruments whose value depends on prices of digital assets.” The statement emphasizes that mutual funds are not allowed to provide crypto exposure both to either qualified or unqualified investors.
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Nike acquires NFT Fashion and Collectibles Startup RTFKT
Multinational footwear behemoth Nike just took a big step into the metaverse. On Friday, NFT collectibles and fashion startup RTFKT announced on Twitter that the company had been acquired by Nike. The terms of the deal were not disclosed. The acquisition appears to be a perfect fit. One of RTFKT’s flagship products is a hybrid NFT/physical shoe collectible inspired by the legendary CryptoPunks NFT collection, and the project attracted headlines in March when a digital footwear collaboration with prolific non-fungible token artist FEWOCiOUS sold $3.1 million in metaverse kicks.
