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Today’s Cryptocurrency Headline

Cryptocurrency investment firm Digital Currency Group said it’s shutting down a wealth-management division called HQ. “Due the state of the broader economic environment and prolonged crypto winter presenting significant headwinds to the industry, we made the decision to wind down HQ” as of Jan. 31, the company said in a statement Thursday. 

Last June, Digital Currency Group launched HQ Digital and the business had more than $3.5 billion of assets under management.

BingX’s Bitcoin Chart

Source: TradingView & BingX

According to Glassnode, the number of addresses holding more than 10 ETH reached an ATH of 352,360. Bitcoin is up 1.56% over the last 24 hours and rose to an intraday high of $17,237.51. Bitcoin rose above Jan. 4 high of $17,061, indicating the bulls are attempting a comeback. The relative strength index (RSI) is near 59, indicating an advantage for bulls. If the price sustains above the current level, the BTC/USDT pair could pick up momentum and rally to $17,854 and then to $18,138.

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