BTC/USD oscillates around $39,00 in mid-Friday 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 (around $43.7K) 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 Friday, March 11, 2022, went from the fear level of 28 to the extreme fear level of 22 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 $39,178.43, down 0.38%. In the last 24 hours, the highest it touched was $39,893.57 and the lowest was $38,347.43. Bitcoin has a current market cap of $743,200,117,676. It has a circulating supply of 18,980,068.00 BTC coins and a maximum supply of 21,000,000 coins.

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OnlyFans made a donation of 500 ETH to DAO that supports Ukraine

The popular video subscription platform OnlyFans says it donated 500 ETH (roughly $1.3 million) to UkraineDAO, a decentralized autonomous organization raising funds to support Ukraine during its war against Russia. A representative of OnlyFans told CoinDesk the donation is a part of the company’s larger charitable effort to support Ukraine, led by OnlyFans’ Ukrainian-American owner Leonid Radvinsky. The company says it has now sent over $5 million to various humanitarian efforts supporting the country, with an additional $1 million donation planned to be sent on March 15. “These tragic events have had a terrible impact on individuals including members of our creator community,” Ami Gan, CEO of OnlyFans, said in a statement. “Given our strong personal ties to Ukraine, we wanted to support in a way which felt true to who we are at OnlyFans and which focused on getting aid and support to the Ukrainian people.” UkraineDAO has been a leading crypto contributor to Ukraine’s government in recent weeks, which has now received over $50 million in crypto donations since tweeting out its ether (ETH) and bitcoin (BTC) addresses in February.

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Russia overestimates its ability to bypass US sanctions using crypto, says FBI director

Christopher Wray, the director of the Federal Bureau of Investigation, said that fiat was a more likely avenue for Russia to explore in circumventing sanctions, given the United States’ ability to block efforts using crypto. In a Thursday hearing of the Senate Select Committee on Intelligence, New Mexico Senator Martin Heinrich asked the FBI director if Russia might respond to the economic impact of the United States banning imports of the country’s oil and gas by using reserves of gold, China’s currency or cryptocurrency. Director Wray said the FBI and its partners had “built up significant expertise” on digital assets, citing the department’s recent work in seizing large amounts of tokens as evidence there were vulnerabilities in using crypto to get around sanctions. “The Russians’ ability to circumvent the sanctions with cryptocurrency is probably highly overestimated on the part of maybe them and others,” said Wray. “We are, as a community and with our partners overseas, far more effective on that than I think that sometimes they appreciate and there’s a lot of expertise in terms of tools and strategies to help block that kind of effort. Ultimately, what they really need to do is get access to some form of fiat currency, which becomes more challenging.”