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Today’s Cryptocurrency Headline

HashKey Group, an Asian digital asset financial services group, announced that its asset management subsidiary has completed an initial closing of its new fund in December 2021 with commitments of US $360 million. The new fund aims to provide investors with a full range of institutional-grade investment services in blockchain technology and crypto-assets. The fund will invest in companies and projects using blockchain technology to build products and services, including (but not limited to) venture capital, early-stage tokens and major liquidity tokens in Asia.

BingX’s Bitcoin Chart

Source: TradingView& BingX

Apple CEO Tim Cook said that the company sees a lot of potential in the metaverse, which he related to the company’s current AR/VR endeavors, and added that the company is investing in the space. BTC held above the $37,000 price level today and was up about 4.2% in the last 24 hours, several alternative cryptocurrencies also began to stabilize after a volatile week. As a result of the recent pullback, the daily relative strength index (RSI) of BTC has risen from oversold levels. However, BTC still faces strong resistance in the overhead zone between $38,000 and $40,000. This indicates that the bears are unwilling to give up their advantage and sell on the rally.

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