Buyers of Bitcoin (BTC) have been active in the last 24 hours, as the cryptocurrency has surpassed $42,000 for the first time in two weeks. After technical indicators reached their most oversold levels since March 2020, upward momentum is picking up. At press time, BTC was trading approximately $42,733.06, up 2.67% in the previous 24 hours.

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Buyers would need to make a significant move over $42,000 to reverse the price decline that has occurred from the November top of approximately $69,000. Brief rallies have been limited below resistance levels in recent months, indicating that sellers have been in charge.

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However, bitcoin may experience more gains in the short term, especially given the relative strength index (RSI) is not overbought on the daily chart. The next level of resistance is around $45,000, which may put a halt to the current advance.

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Bitcoin fear and greed index on Monday, February 7, 2022, went from the fear level of 37 to the level of 45 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 $42,748.01, up 2.70%. In the last 24 hours, the highest it touched was $42,873.86 and the lowest was $41,244.91. Bitcoin has a current market cap of $810,080,562,826. It has a circulating supply of 18,951,006.00 BTC coins and a maximum supply of 21,000,000 coins.

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Following the ban on GoFundMe, protesters have migrated to a crypto fundraising platform

Truckers protesting the COVID-19 vaccine mandate in Canada have turned to Bitcoin-based crowdfunding platform Tallycoin, following a barrage of mounting political pressure from all sides that culminated in GoFundMe axing their “Freedom Convoy Campaign.” GoFundMe pulled the campaign and $9 million in donations on Friday in response to reports of violence, which it claimed broke its terms of service. Initially, donors needed to apply to have their funds refunded. However, following a flurry of criticism, the platform backtracked on Saturday, deciding it would automatically refund donors instead. Shortly after GoFundMe axed the campaign, a group of the organizers moved their efforts to Tallycoin, a crowdfunding platform built on the Bitcoin (BTC) blockchain. “Legacy financial infrastructure can sometimes be politicized and clamped down upon, whereas Bitcoin is a truly censorship resistant method of communicating value,” stated the new fundraising page.

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AssangeDAO raises $38 million in donations to aid Wikileaks founder

A decentralized autonomous organization (DAO) set up to support the liberation of WikiLeaks founder Julian Assange from prison has raised 12,569 ETH or around $38.8 million at current prices. Assange is currently fighting extradition to the United States following a court ruling in December that overruled a British court ruling barring extradition. He is currently locked up in a London prison where he has been since 2019. Donations started rolling in on Feb. 4 according to JuiceBox, the community funding platform hosting the campaign. Funding accelerated over the weekend, doubling over the past 24 hours to the current level. According to the AssangeDAO Twitter feed, it is now the largest JuiceBox Ethereum raise in history, exceeding that of ConstitutionDAO which raised funds in November to purchase an original copy of the United States Constitution.