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Today’s Cryptocurrency Headline

Following HSBC, Fidelity, and other financial institutions, Woori Bank, one of the four major banks in South Korea, announced that it will launch Metaverse banking services for small businesses. The service will be supported via PC and mobile devices and will operate from 9 :00 am to 4:00 pm. The new metaverse service is an upgrade of Woori’s 2D banking experience “Woori Metabranch”, which has now been transformed into an immersive 3D experience. Woori Bank will also launch a Metaverse branch in the first half of  2023.

BingX’s Bitcoin Chart

Source: TradingView & BingX Jan 16

Bitcoin is up 2.61% over the last 24 hours and rose to an intraday high of $21,443.04. The largest cryptocurrency almost broke above the high prior to the FTX crisis ($21,486). The relative strength index (RSI) is above the overbought territory and the Crypto Fear and Greed index rose to 45, suggesting the market sentiment is strong. Considering Bitcoin has gained more than 23% over the past week, a minor pullback to $20,000 is likely to happen, and then it could challenge the $25,000 price level.

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