BTC/USD oscillates around $43,00 in mid-Thursday trade, after falling for a few weeks. The 50-day moving average was impulsively broken to the upside on the daily time frame. The price is currently struggling with the 100-day moving average and amid the $45K area, and if it can break through these levels, the next significant resistance would be the $50K area.

Also Read| Dogecoin and Elon Musk: Ukraine’s newest attempt to tackle Russia

On the other hand, if the price gets rejected at the current level, the 50-day moving average could act as the first and most probable support level. There have been $94 million in short position liquidations in the previous two days after the break of $39K, and the price follows up the higher trading zone ($40.8K – $44.4K). Aggressive bears were liquidated on the previous breakthrough of $37.1K, and the market is presently trading around $44K – $45K.

Also Read| Top 5 cryptocurrencies of the day: BTC up by 2%, GCME trends at no. 1

Bitcoin fear and greed index on Thursday, March 3, 2022, went from the neutral level of 52 to the fear level of 39 as per the alternative. me. The Fear and Greed index is a technique for assessing investors’ emotions toward the market.

Also Read| Crypto Fear and Greed Index on Thursday, March 3, 2022

Bitcoin is currently trading around $43,468.99, down 0.99%. In the last 24 hours, the highest it touched was $45,077.58 and the lowest was $43,054.24. Bitcoin has a current market cap of $824,643,051,803. It has a circulating supply of 18,973,062.00 BTC coins and a maximum supply of 21,000,000 coins.

Also Read| Gold, silver and other metal prices on Thursday, March 3, 2022

Dogecoin and Elon Musk: Ukraine’s newest attempt to tackle Russia

Dogecoin, the popular meme cryptocurrency, may be able to aid Ukraine in tackling the Russian forces that have gained momentum in their invasion, according to Ukraine’s Vice Prime Minister Mykhailo Fedorov. Elon Musk, who is considered to be a flagbearer of the digital currency, has also been personally asked to help. Vice PM Mykhailo Fedorov announced in the social media post that Ukraine has officially started accepting donations in Dogecoin, noting that it has surpassed the Russian Ruble in value. The tweet read, “@dogecoin exceeded Russian ruble in value. We start to accept donations in meme coins. Now even memes can support our army and save lives from Russian invaders. $DOGE owners of the world, @elonmusk, @BillyM2k, let’s do it.” Alongside Musk, Fedorov also mentioned Billy Markus — Dogecoin’s co-creator, to pitch in efforts to help Ukraine counter the Russian forces. The social media post also carried a link to Ukraine’s official Dogecoin wallet. Markus promptly responded to Vice PM Federov’s tweet saying that “dogecoin folks aren’t usually rich” but are a “caring and passionate bunch those who want to help will offer what they can.”

Also Read| Sensex surges 350 points while Nifty trades above 16,700 in early trade

The SEC is investigating the NFT market, according to a report

The Securities and Exchange Commission (SEC) is investigating whether certain non-fungible tokens qualify as securities and thus should be regulated, according to a report from Bloomberg, citing sources familiar with the matter. Over the last few months, SEC attorneys have sent subpoenas to NFT creators and various crypto exchanges requesting more information, according to the report. A particular focus of the probe is fractional NFTs, in which a token is broken down into many units that are sold separately, according to the sources. SEC chief Gary Gensler has previously said that he believes many crypto tokens are likely securities that should fall under the purview of the SEC. The SEC’s Howey test considers something security if it involves investors putting money into an asset with the intention of making a profit.