In cryptocurrencies, Bitcoin price today plunged below the $39,000 level after remaining volatile in the past few sessions. The world's most popular and largest cryptocurrency was trading over 3% lower at $38,315. The digital token is down about 17% in 2022 (year-to-date or YTD) so far. However, it is about 30% far away from its record high of near $69,000 it had hit in November last year.

📍#Bitcoin Update (Continue)

Bitcoin price started another major decline after it was rejected multiple times from the $39,400 resistance as we already updated you in our previous post if BTC is not able to give candle closing above $39,400 there will be more correction in the market and the same thing happened. It even declined below the $38,200 support level.

Bitcoin local support is 37,000 and the major Support is 36,300. Rsi showing oversold If there is an upside correction, bitcoin price might face resistance near $38,200 level.

Bitcoin needs to give a day candle Closing above $39,400 to continue uptrend otherwise it could continue to move down.

The global market also not looking good. FED meeting on 15th of march will impact the market we need to be very careful we may see volatility this week. ✅

Cryptocurrencies traded in the green early on March 9. The global cryptocurrency market cap stood at $1.76 trillion, a 2.54 percent increase over the last day. The total crypto market volume over the last 24 hours is $78.92 billion, a 7.85 percent decrease.
#cryptocurrency #bitcoin #bitcointrading

Cryptocurrency exchange Okcoin today announced it is teaming up with the Stacks Accelerator and Stacks Foundation to launch Bitcoin Odyssey, a grant program with $165 million in funding. The venture capital-backed project aims to propel Bitcoin past Ethereum as the go-to blockchain for decentralized applications.

Bitcoin Jumps to $40K as Putin Sees Positive Shift in Ukraine Talks
European equity benchmarks and U.S. index futures extended gains while major cryptocurrencies jumped as much as 7.6%.

At the outset of the conflict, Ukrainian officials posted addresses for two crypto wallets on their Twitter account, giving donors a direct and clear address to which to send contributions.
The wallets attracted more than $10.2 million (9.2 million euros) just four days after the start of the invasion.

Crypto Rally ? Bitcoin Futures point to potential gains.
Bitcoin futures are hinting at upside potential if the positive mood from equities spills over into cryptocurrencies.

#bitcoin #cryptorally

Hey, AltSignals Members! How's it going? As you have seen, Bitcoin pumped aggresively today! 🚀

India Passes Stiff Crypto Tax Laws Despite Industry Uproar
https://lnkd.in/dX6QmUs4
#bitcoin #incometax #30%tax #cryptotax

Bitcoin’s stealth rally over the past two weeks not only pushed it past a key level of $45,000 -- it also put the world’s biggest cryptocurrency back in positive territory for the year.

Luna Foundation Guard (LFG), a nonprofit that supports decentralized networks, also resumed buying bitcoin. It announced a $272 million purchase on Wednesday.