Ethereum

Token

Bitcoin

<img src="https://cdn.thebittimes.com/images/2024/05/01/1714564684.webp" width="800" height="450" style="display: block; margin-left: auto; margin-right: auto;"> 
As the cryptocurrency market experiences a swift downturn, Bitcoin (BTC) plummets below the $57k mark, signaling a rapid acceleration in its drop. Concurrently, Ethereum (ETH) finds support at $2,858 amidst the volatility. However, amid these tumultuous times, <a href="https://furrevertoken.com/?ref_url=tbt-btcethfurr-b-01052024" target="_blank" rel="noopener">Furrever Token (FURR)</a> stands out as a beacon of stability and investor appeal. With its recent presale triumph, maintaining stable prices, and offering an inclusive platform, FURR continues to shine bright, drawing significant interest from investors seeking refuge in uncertain times. 
Drop Accelerates in Bitcoin (BTC), BTC Below $57k 
The drop has accelerated in Bitcoin (BTC), which has a market value of $1.120 trillion. Within just one day, the market value of Bitcoin (BTC) has dropped from $1.248 trillion to $1.120 trillion, resulting in a loss of $128 billion. Starting this morning at the $60k support level, Bitcoin (BTC) is currently trading at $56,976, losing 6.09%. 
<img src="https://lh7-us.googleusercontent.com/rHwqdK_a0cCUwxhbSYK82NUd0Mbu2rS20FgujgndbLN14neM2hAwUvgkEw4cgIdnZaCme7xt8IZ_FtR69ZaKo_gKR8fExhHvxzrn_PUIV9Bjw0Ow2RmaHJ4rWKYSUYNk1U7VzpEkuZHb5dj2MEj9gQ" width="604" height="328" style="display: block; margin-left: auto; margin-right: auto;"> 
Bitcoin (BTC) Chart Analysis 
The drop in Bitcoin (BTC) that began at the start of the week is continuing to accelerate. In our previous analysis, we mentioned the $60k support. Starting today slightly above the $60k support, Bitcoin (BTC) dipped below this support around noon and is currently trading below $57k at $56,976. When examining the daily chart, we see that Bitcoin (BTC) has sharply broken below the EMA100 support today and is moving towards EMA200. Investors should not forget that if Bitcoin (BTC) closes below EMA100, there is a possibility it may drop to the EMA200 support at $51,937. If it closes back above EMA100, we can expect an upward move, with potential resistance levels for Bitcoin (BTC) being $59,864, $60,849, $63,767, and $63,948, which are EMA100, EMA5, EMA55, and EMA21, respectively. 
Ethereum (ETH) Sees $2,858 Support 
Ethereum (ETH), the second-largest cryptocurrency with a market value of $351.52 billion, has seen a daily loss exceeding $36 billion. The selling pressure on Ethereum (ETH), continuing its decline since the start of the week, is intensifying. Currently, Ethereum (ETH) is trading at $2,868.1, experiencing a daily loss of 4.76%. 
<img src="https://lh7-us.googleusercontent.com/zaN4D8hpb6Lm6z9xdjWIHAk1gxJo9D-1-mG8MdiHDGx8rmDqDdHqT0EYZuboYpVPEqrYsnfnXs3Jqa0gI833eLbdtSxL7gBjcrlZNgWKTcEjkf-SAfL0o-xz6yd76HkgUxQAEr0ppI4GvbknWmT5vw" width="604" height="303" style="display: block; margin-left: auto; margin-right: auto;"> 
Ethereum (ETH) Chart Analysis 
The selling pressure on Ethereum (ETH), the second most valuable cryptocurrency behind the leading Bitcoin (BTC), continues to accelerate. With a daily loss exceeding $36 billion, Ethereum (ETH) is currently trading at $2,868.1 with a 4.76% loss. When analyzing the daily chart, we see that Ethereum (ETH) has retreated to the $2,858 support level. If Ethereum (ETH) closes below $2,858, we may witness a pullback towards EMA200 at $2,763.2. On the other hand, if it closes above $2,858, the resistance levels for Ethereum (ETH) are $3,052.8, $3,095.2, $3,173.6, and $3,230.3, which are EMA5, EMA100, EMA21, and EMA55, respectively. 
The investment information, comments, and recommendations provided here are not within the scope of investment advisory services. Investment advisory services are provided on a personalized basis, taking into account individuals' risk and return preferences. The content, comments, and recommendations provided here, which are in no way directive in nature, are of a general nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making investment decisions solely based on the information provided here may not yield results consistent with your expectations. 
Furrever Token (FURR) Shines Amid Crypto Market Volatility: Presale Triumph, Stable Prices, and Inclusive Platform Draw Investor Interest 
In the midst of a bearish sentiment and sudden market downturn across the cryptocurrency landscape, <a href="https://furrevertoken.com/?ref_url=tbt-btcethfurr-b-01052024" target="_blank" rel="noopener">Furrever Token (FURR)</a> stands firm, defying the odds and drawing investors with its unwavering resilience and promising prospects. 
FURR, an innovative cryptocurrency venture infused with a delightful touch of cuteness, emerges as a beacon of hope amidst the tumultuous market conditions. While leading cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) grapple with significant declines, FURR shines brightly, boasting a remarkable achievement of raising over $1.057.000 in its presale phase within a mere two months. 
The presale campaign for FURR presents a unique opportunity for early investors to partake in the project's journey towards growth and success. With 65% of tokens available during this phase, investor interest has been robust, contributing to the project's impressive fundraising milestone. 
Despite the turbulent backdrop faced by BTC and ETH, FURR maintains a commendable stability in its price, a testament to the confidence and enthusiasm of its investor community. Priced at $0.000648 currently, FURR exhibits resilience amidst market volatility, drawing attention from both seasoned investors and newcomers alike. 
For those intrigued by the Furrever Token ecosystem, participation in the presale is accessible through the official website, furrevertoken.com. The platform offers a seamless user experience and accepts a variety of payment options, including USDT (BEP-20), ensuring inclusivity for a wide range of investors. 
In summary, despite the challenges posed by the market turbulence led by BTC and ETH, Furrever Token (FURR) stands tall as a symbol of optimism and excitement. Its resilience, dedication to community engagement, and unique value proposition shine through, paving the way for a delightful and captivating crypto journey for users worldwide. Discover the Most Exclusive Presale Opportunity of 2024 Now: <a href="https://furrevertoken.com/?ref_url=tbt-btcethfurr-b-01052024" target="_blank" rel="noopener">Furrever Token Official Website</a>&nbsp; <a href="https://buy.furrevertoken.com/?ref_url=tbt-btcethfurr-b-01052024" target="_blank" rel="noopener">Visit Furrever Token Presale </a><a href="https://t.me/FurreverToken" target="_blank" rel="noopener">Join Official Telegram Group</a> &nbsp; &nbsp; &nbsp; <a href="https://twitter.com/FurreverToken" target="_blank" rel="noopener">Follow Official X Account</a>
Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/bitcoin-btc-plummets-below-57k-ethereum-eth-holds-at-2-858-support-while-furrever-token-furr-emerges-as-a-beacon-of-stability-and-investor-appeal-tbt87128.html">https://thebittimes.com/bitcoin-btc-plummets-below-57k-ethereum-eth-holds-at-2-858-support-while-furrever-token-furr-emerges-as-a-beacon-of-stability-and-investor-appeal-tbt87128.html</a>

Bitcoin (BTC) Plummets Below $57k, Ethereum (ETH) Holds at $2,858 Support, While Furrever Token (FURR) Emerges as a Beacon of Stability and ...

TheBitTimes

Other articles published on May 1, 2024

Elliptic’s Deep-Dive into Crypto: Using AI to Unmask Bitcoin Money Laundering

AMD Stock Dips 7% As Revised Chip Sales Miss the Mark

Breaking: Binance Burns 1.4 Billion Terra Luna Classic (LUNC) Tokens

Decentralization of Social Media: A Path to User Empowerment

Crypto veterans call out DOJ for targeting Roger Ver a decade after he left US

Vitalik Buterin breaks down ‘Binius’ as a way to speed up zero-knowledge proofs

Join our free newsletter for daily crypto updates!