Bitcoin tried to test $10,000 again but fell short as price saw selling pressure around $9,990 and is also leaning toward the 50 MA in the daily, while immediate support sits around $9,600 - $9,500 and key support (50 MA) is around $9,200 - $9,000. A closer look of the structure can be seen in the 4H chart, showing lower highs formed. A breakdown from $9,600 - $9,500 is likely to push price to finally test $9,000 support. Otherwise, BTC maintains its range in the next days.
Global market cap is at $281B, while BTC's market cap is at $176B.
In one of its latest episodes, "The Simpsons" had guest star Jim Parsons of Big Bang Theory explain cryptocurrencies and how the blockchain works, stating that crypto was "the cash of the future." The show, which draws an average of 4 million viewers, has a reputation of predicting the future over the years - from Donald Trump's presidency to the finale of hit TV series Game of Thrones.
Leaders at the Bank of Japan (BOJ), Ministry of Finance (MOF), and Financial Services Agency (FSA) have held a number of meetings to determine whether the country will adopt a central bank digital currency (CBDC). The discussions included how the introduction of a CBDC would impact the world economy and how it would benefit their own local economy.
Among those in attendance in their latest meeting were FSA vice minister for international affairs Ryozo Himino, vice minister of finance for international affairs Yoshiki Takeuchi, and BOJ executive director for international affairs Shinichi Uchida.
The Malta Financial Services Authority (MFSA) said in a statement on Feb. 21, 2020 that it has not regulated Binance ever. According to the regulator, Binance "is not authorized by the MFSA to operate in the cryptocurrency sphere and is not subject to regulatory oversight." It isn't clear if Binance still has an office in Malta as the firm didn't share details with regard the issue.
The MFSA reiterated the passing of the Virtual Financial Assets Act of 2018 which states, Maltese businesses that either traded or offered cryptocurrencies had to be fully licensed.
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