Bitcoin (BTC) is in a downtrend as selling reacted to resistance at $48,000. The cryptocurrency might find support at $43,000 on the Asian trading day, which would help to calm the downward trend.

On the daily chart, the relative strength index (RSI) is declining from overbought levels, which usually precede price pullbacks. However, on the weekly chart, the RSI is neutral with positive momentum readings. As a result, buyers may continue to be active at lower levels of support.

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BTC is still seeking to break below a two-week-long uptrend, as it did in early February, which followed a temporary price dip. For the time being, buyers must keep the breakthrough above $45,000 in order to achieve an upside objective of $50,966.

Bitcoin fear and greed index on Friday, April 1, 2022, went from the neutral level of 52 to the level of 50 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 $44,861.78, down 4.77%. In the last 24 hours, the highest it touched was $47,512.03 and the lowest was $44,403.14. Bitcoin has a current market cap of $852,344,752,841. It has a circulating supply of 18,999,650.00 BTC coins and a maximum supply of 21,000,000 coins.

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EU legislators support new traceability rule for cryptocurrency transfers

European Union lawmakers backed new safeguards for tracing transfers of bitcoin and other cryptocurrencies on Thursday, in the latest sign that regulators are tightening up on the freewheeling sector. Two committees in the European Parliament jointly voted by 93 in favour and 14 against cross-party compromises which crypto exchange Coinbase Global Inc warned would usher in a surveillance regime that stifles innovation. The $2.1 trillion crypto sector is still subject to patchy regulation across the world. Under the draft law first put forward last year by the EU’s executive European Commission, crypto firms such as exchanges would have to obtain, hold, and submit information on those involved in transfers. That would make is easier to identify and report suspicious transactions, freeze digital assets, and discourage high-risk transactions, said Ernest Urtasun, a Spanish Green Party lawmaker helping to steer the measure through the parliament.

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CertiK, a blockchain security firm, just raised $88 million, according to SEC filings

Blockchain cybersecurity company CertiK has raised nearly $88 million in an equity offering, according to a new regulatory filing on Thursday. The date of the first sale for the offering was March 23. The total amount sold in the offering was $87,999,975 from 15 investors. CertiK offers the active monitoring platform Skynet, which detects and protects blockchains from cyberattacks. The company also offers the Security Leaderboard, a security ranking platform for blockchain protocols and decentralized finance. CertiK announced an $80 million funding round in December at a $1 billion valuation. The round, led by Sequoia Capital China, had been the company’s third round of financing within four months. The timing of the latest funding round may be opportune. A $625 million exploit of Ronin, the network powering popular crypto game Axie Infinity, was disclosed earlier this week.