BTC/USD oscillates around $39,00 in mid-Monday trade, after falling for a few weeks. The pair was in the process of testing $38,000 support at the time of writing. Despite the “out of hours” trading environment, the trend was clearly down for the largest cryptocurrency, as the mood on global equities wobbled among analysts. 

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As the consolidation between $36K and $45K levels continues, Bitcoin’s price has been able to establish support in the $36-37K zone yet again. Given the present bullish momentum, a retest of the 100-day moving average and finally, the $45K resistance zone appears to be near.

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The latter has proven to be a strong supply zone, rejecting the price many times in recent weeks. If this level is ultimately broken, the next objective is expected to be the 200-day moving average ($49K), which is one of the most important indications for determining whether the market is bullish or bearish.

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Bitcoin fear and greed index on Monday, March 14, 2022, went from the extreme fear level of 21 to the level of 23 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 $38,987.59, down 0.44%. In the last 24 hours, the highest it touched was $39,170.34 and the lowest was $37,680.73. Bitcoin has a current market cap of $740,455,533,679. It has a circulating supply of 18,982,900.00 BTC coins and a maximum supply of 21,000,000 coins.

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Dogecoin surges briefly after Musk tweets he won’t sell his crypto holdings

Dogecoin (DOGE) briefly jumped as much as 10% during Asian trading hours on Monday after Tesla CEO Elon Musk said in a tweet that he is not selling his crypto holdings, which includes DOGE. DOGE exchanged hands at $0.111 on 4:10 UTC amid a largely flat crypto market. It surged following Musk’s tweet at 4:11 UTC, where he said he will continue to hold DOGE, ether, and bitcoin, and reached as high as $0.122 at 4:17 UTC. The spike was likely driven by automated trading bots that track token mentions from popular accounts on social media sites like Twitter. Musk’s Twitter account, for instance, has a following of over 77.6 million. Musk has previously tweeted about DOGE on several occasions. In Feb. 2021, he posted a picture of a rocket next to the moon and followed that tweet with a one-word tweet that stated “Doge” – a play on the saying of “going to the moon,” a term for an asset-price surge.

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Ukraine asks Tether to suspend all transactions with Russians; Tether resists

Appealing directly to both stablecoin issuer Tether and Chief Technology Officer Paolo Ardoino via Twitter, Ukraine Vice Prime Minister Mykhailo Fedorov urged the company on Friday to stop all dealings with Russians. While not responding directly to Fedorov, the company in a statement to CoinDesk said, “Tether conducts constant market monitoring to ensure that there are no irregular movements or measures that might be in contravention of international sanctions.” The policy appears to be in line with that of crypto exchanges including Coinbase (COIN) and Kraken, both of which also declined requests to cut off all Russian accounts, but promised not to allow any skirting of sanctions imposed by the West. Since the Russian invasion in late February, Ukrainians have been paying a steep premium over the value of the U.S. dollar for Tether’s USDT stablecoin, to which it is supposed to be pegged 1:1, on the local cryptocurrency exchange Kuna.